The newly released tax documents show that the Clintons in 2015 paid a combined federal, state and local effective tax rate of 43.2 percent. Over the past decade, he and his wife earned the most in 2014, more than $314,000 in adjusted gross income.
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That means their effective tax rate – a measure of their income tax burden – was 30.6% based on their adjusted gross income.
With the release of now 10 years of tax returns, Clinton brings attention to the almost 40-year bipartisan tradition of presidential candidates publicly disclosing their returns – and Trump’s refusal to do so.
Republican presidential candidate Donald Trump has refused to release his tax returns.
Her vice presidential running mate, Tim Kaine, also released his tax returns Friday for the years 2006-2015.
“In stark contrast, Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns”, Clinton campaign communications director Jennifer Palmieri said. What is he trying to hide?’ All major US presidential candidates in modern history have released their returns.
But so far, with Trump being an unconventional candidate, he’s bucked this tradition.
The last Republican presidential candidate to carry the Garden State was George H.W. Bush in 1988.
Hoping to keep the pressure up on Trump, Clinton is also planning to release her 2015tax returns in the coming days.
Clinton’s tax returns have been made public, in some form, every year since 1977.
The video lists some possible reasons for the delay, without offering proof, including that Trump may not have paid as much in tax or given away as much in charity as he has claimed.
The Clintons’ 2015 return showed that, unlike most Americans, just $100 of their income came from wages. Their 2015 return was released today by the Clinton campaign, nearly five months after they signed it for filing.
Clinton and her husband Bill, the former president, reported $10.6 million in income for 2015.
As for Trump, his returns showing vast wealth wouldn’t be a political problem.
The IRS has said Mr Trump is free to release his returns.
“Every lawyer tells you, including Greta who is a lawyer”, Trump said, referring to Greta Van Susteren, “She said when you are under a routine audit, you don’t give your tax returns”. In fact, there is nothing preventing him from doing so during an audit.
The release is part of an effort to undercut Trump’s character by questioning the celebrity businessman’s record.
“The way I see it, if you’re going to give a speech and get $225,000, it must be a really brilliant speech”, Sanders told a crowd at the University of IL in March. He can bring his tax return.
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“There’s nothing to see from 2002, 2003, and 2004”, Lewandowski said.
