The Clintons’ main sources of income were Mr Clinton’s paid speeches, to the tune of $5.2 million, and a payment to Hillary Clinton from the publisher of her last book, Simon & Schuster, for three million dollars.
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The campaign posted her 2015 returns and those of her running mate, Tim Kaine, on her website midday Friday, along with past returns for both candidates dating back roughly a decade.
“In stark contrast, Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns”, Palmieri continued. “What is he trying to hide?”
Meanwhile, Republican presidential nominee Donald Trump has still not released his tax return.
Between 2007 and 2014, the Clintons paid approximately $57 million in federal, state and local taxes, from a total income of more than $140 million. Hillary raked in nearly $1.5 million in six paid speeches while Bill made more than $5 million for his talks. The bulk of their income – more than $6 million – came from speaking fees for appearances made largely before Hillary Clinton launched her campaign in April 2015. “Kaine and his wife, Anne Holton, released returns for 2006 to 2015”.
Presidential candidates are not legally required to release their tax returns, although the practice has been the norm for more than four decades. They paid $3.6 million in federal income tax, according to the document, which was posted on the Democratic presidential candidate’s web page. Trump’s tax rate itself has been posited as a possible reason for the campaign’s reticence; the New York Times today floated the possibility that Trump may have paid zero federal income tax in some years.
The billionaire businessman has said he is not releasing his tax returns until the IRS finishes an audit of him.
On Thursday, Trump’s special counsel, Michael Cohen, told CNN he would not allow Trump to release them until the audits are complete.
Then-President Richard Nixon released his tax returns in 1973, starting an informal precedent. “Well, I am not a crook”. “A canvass of 200-plus charities, all of them with connections to the mogul, turned up just one small gift of less than $10,000 between 2009 and this May (when Trump, under pressure, made good on a $1 million pledge he had made to help veterans)”.
In 2015, the Clintons reported $1,042,000 in charitable donations.
Kaine, the Virginia senator who’s spent much of his life in public service, reported a far lower income than the Clintons.
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Clinton’s campaign also released a list of speeches that she delivered in 2013, which showed that she gave 41 addresses for fees ranging from $225,000 to $400,000. They earned $313,441, and paid $63,626 in federal income taxes.
