Tim Kaine of Virginia, during a rally in Columbus, Ohio, July 31, 2016.
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Hillary and Bill Clinton released their 2015 tax returns on Friday, showing they paid $3.6 million in taxes on adjusted gross income of $10.6 million. Bill Clinton made more $5.25 million in speaking fees, while his wife made almost $1.5 from paid speeches.
The Democratic presidential candidate paid an effective federal tax rate of 34.2 per cent previous year. “Kaine and his wife, Anne Holton, released returns for 2006 to 2015”.
But being under audit does not prevent anyone from releasing their returns.
Tax experts speculate that Trump, by contrast, may pay little in taxes, or even no federal income tax at all.
“Hillary Clinton and Tim Kaine continue to set the standard for financial transparency”, said a Clinton campaign spokeswoman, who called on Mr Trump to do the same. “What is he trying to hide?”.
The real estate mogul’s campaign said that Clinton’s move to release her tax returns “is nothing more than an attempt at distraction and misdirection”.
Clinton said it was one more example of words that could have “tremendous consequences”.
Although U.S. presidential candidates are not required to make their tax returns public, every contender for the White House has done so since 1973. They want to see his tax rate, charitable giving and business dealings with foreign governments.
Trump has said he will not release taxes until an IRS audit is completed.
Mr Trump has repeatedly declined to share his tax information, claiming that he is now undergoing an audit from the Internal Revenue Service. Others have suggested that the tax documents would reveal business interests that could be problematic if he were elected.
The returns would also show how much money Trump has donated to charity.
Forbes magazine estimates Trump is worth less than half that – US$4.5 billion.
On Friday, Trump passed off as sarcasm the assertion he made repeatedly this week that President Barack Obama and Clinton were “co-founders” of Islamic State and its Most Valuable Players. They were within $1 million of reaching the 0.01 percent threshold – or the top 1 percent of the top 1 percent.
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Her political fortunes flourishing, Hillary Clinton attempted to undercut Donald Trump’s claim to working class voters Thursday, portraying her Republican rival as untrustworthy on economic issues and pushing policies that would only benefit the super-wealthy – himself included. Her primary opponent, Sen. The big losses were speaking fees, as Bill’s dropped from $9.7 million to $5.3 million.and Hillary’s speaking fees went from $10.5 million to $1.5 million.
