“All told, the Clintons have made their tax returns public for every year dating back to 1977”, according to the news release.
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In releasing the return – along with 10 years of tax information for her running mate, Virginia Senator Tim Kaine – Clinton’s campaign once again tried to create a contrast between her and Trump over transparency in their personal finances.
In the same week that Hillary Clinton released her 2015 tax returns Donald Trump essentially showed everyone a note from his lawyer explaining why the billionaire isn’t allowed (by the lawyer) to do the same.
Democratic presidential nominee Hillary Clinton today released her latest annual tax returns and that of her husband Bill Clinton as she pressurised her Republican rival Donald Trump to disclose his tax returns, alleging that he is hiding behind fake excuses by not making them public. If he refuses to release his returns before the November election he will be the first major party candidate not to do so in 40 years.
While they are not obliged to by law, it is customary for United States presidential candidates to make their tax returns public. “What is he trying to hide?” asked Palmieri.
In 2015, the Clintons paid an effective federal income tax rate of 34.2% on an adjusted gross income of $10,594,529.
The New York Times reported that Trump had likely benefited from tax breaks available to real estate developers in past years, as in 1978 and 1979, when he paid no federal income tax at all, according to documents he made public in 1981 when applying for a casino license in New Jersey.
According to the Clinton campaign, the Kaines have donated 7.5 percent of their gross income to charity organizations over the past 10 years.
Trump senior communications adviser Jason Miller said in a statement that Americans would rather see deleted e-mails from Mrs Clinton’s private server, Clinton Foundation records and transcripts of speeches she gave to Wall Street business people.
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Trump has said that he’s under an audit by the Internal Revenue Service and won’t release his returns until that audit is concluded – which may not happen before the November 8 election.
