Hillary Clinton made $28,296 in royalties from her book published, Simon & Schuster-as well as $3,000,000 from the publisher, presumably the last payment of her advance for her last book, Hard Choices, which came out in paperback a year ago. The Clintons, who now live in Chappaqua, New York, paid an average effective federal tax rate of about 32 percent from 2007 to 2014 and an effective combined tax rate of approximately 40.5 percent. The family foundation, which is separate from the better-known Clinton Foundation, listed Hillary and Bill Clinton as its only donors on its 2014 tax filing.
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Kaine and his wife, Anne Holton, reported income of more than $313,000.
These financial ties – including the past speeches, business endeavors and well as donor relationships with the Clinton Foundation – have attracted critics who say they include inherent conflicts of interest, and could be problematic under a Clinton administration.
Trump and his lawyer have said the IRS is auditing his returns, so he can’t or won’t release them, although there is no legal prohibition on releasing returns that are being audited.
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.
The returns would also show how much money Trump has donated to charity. Their income came from sources that included the couple’s books and speeches as well as Bill Clinton’s consulting work.
The couple’s income plunged a year ago.
As for Trump, his returns showing vast wealth wouldn’t be a political problem. They paid an effective federal tax rate of 20.3 percent in 2015.
The Clinton campaign is expected to release more years of tax returns this week in an effort to shame Donald Trump into releasing his own. Obama repeatedly used Romney’s business dealings against him and seized upon his reluctance to release certain tax records.
The couple donated 9.8% of their adjusted gross income and paid an effective federal tax rate of 34.2%.
“Words matter my friends, and if you are running to be president or you are president of the United States, words can have tremendous consequences”, Clinton said”.
Hillary Clinton also listed $1.475 million in gross income from speaking, and Bill reported $5.25 million in gross income from speaking.
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Analysts and political opponents have challenged that explanation, with fellow billionaire Warren Buffett saying he, too, is being audited, but saying he’d release his returns if Mr. Trump did as well.
