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Clintons earned $10.75 million previous year, paid 34.2 percent federal tax rate
Republican presidential nominee Donald Trump, on the other hand, has not released his taxes – making it impossible to know what he earned or how much he paid in taxes.
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Mr Trump presented the Federal Election Commission with a mandatory personal financial disclosure form in May and says this is enough.
The Kaines between 2006 and 2015 paid a combined federal, state and local effective tax rate between 18.7 percent and 29.1 percent.
“He has failed to provide the public with the most basic financial information disclosed by every major candidate in the last 40 years”, Clinton said in a statement issued by campaign spokesperson Jennifer Palmieri Friday.
In 2015, Clinton paid a federal tax rate of 34.2% and a NY state rate of 9% for a total effective tax rate of 43.2%. The couple;s income in 2014 was $28.3 million, more than cut in half in 2015 to $10.6 million – most of that brought in by Bill.
The Clinton campaign attacked her Republican opponent, Donald Trump, for failing to make his own tax documents public. She put out her most recent eight years of tax filings last summer and several years during her first presidential bid.
The Republican and Democratic candidates in the last nine presidential elections – since Ronald Reagan in 1980 – have released tax returns at least for the previous year, according to Politifact.
Seeking common ground with blue-collar workers who have been attracted to Trump, Clinton frequently mentions his returns as a way of underscoring how his economic plans would benefit his personal interests and questioning whether he’s as wealthy as he claims.
“Here’s a pretty incredible fact: There is a non-zero chance that Donald Trump isn’t paying (asterisk) any (asterisk) taxes”, Clinton tweeted, after releasing her own returns.
Kaine and Holton over the past 10 years have had effective federal income tax rates ranging from 13.4 percent to 24 percent.
Clinton, who has released every year of tax returns since 1977, mher 2015 tax filing Friday.
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Most of the income came from Mr Clinton’s speaking fees as Mrs Clinton has been campaigning for president. Their main investment was a low-priced index mutual fund, and the Clintons reported dividend and interest income of $109,000. Their income came from sources that included the couple’s books and speeches as well as Bill Clinton’s consulting work.