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Here’s how long we’ve been waiting for Donald Trump’s tax returns
Hillary and Bill Clinton paid $3.2 million in federal income tax past year, a rate of 34.2 percent.
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The returns became a campaign issue after the documents showed he paid an effective tax rate of 14.1 per cent, much lower than the typical rate for top earners. Her campaign site says she also donated about 10 percent of their income to charity. Trump camp: Clinton tax returns a “distraction” from larger scandal MORE’s release of her 2015 tax returns as a “distraction” from the controversy surrounding her private email server. “What is he trying to hide?” said Hillary for America communications director Jennifer Palmieri. Taking into account their state and local taxes, the Clintons had a total effective tax rate of more than 43 percent in 2015.
Hillary Clinton proposed to make college tuition “free for the middle class” and “debt free for everyone” at a rally in MI on Thursday.
Although there is no legal obligation for candidates running for the White House to release their tax returns, since 1973 every major party presidential candidate has done so. He has said he will release them once the audit is over.
“By the way, she’s proposing a big tax increase in her speech, her teleprompter speech”, said Donald Trump, speaking in Florida Thursday.
In 2015, the Clintons made $1 million in charitable contributions, mostly to the Clinton Foundation; former President Bill Clinton brought in almost $5.3 million in speaking fees; and the former secretary of state reported income of $3 million from publisher Simon & Schuster for her book on her tenure at the State Department. They also made $1 million in charitable contributions that same year. The latest blow, according to Fox News, is a letter from a group of former Republican legislators calling on the Republican National Committee cut funding to the presidential candidate. Without seeing his returns it’s impossible to say.
Over the course of their careers the Clintons have published all of their tax returns since 1977.
In 2012, then-Republican presidential Mitt Romney reluctantly released his returns.
And if his only excuse is that he’s under an IRS audit, we’d be interested to know why his running mate, Mike Pence, hasn’t released his tax returns either.
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In a new ad released Friday, Clinton amped up the pressure on Trump. The most recent return show that he and he wife, Anne Holton, earned $313,441 in 2015.