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Hillary Clinton releases 2015 tax returns, pressuring Donald Trump
The Clintons paid an effective federal tax rate of 35 per cent in 2015, a slightly higher figure than the 31.55 per cent they paid from 2007 to 2014.
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Hillary and Bill Clinton earned $10.6 million (about €9.5 million) a year ago, according to a tax filing released by her campaign to pressure presidential rival Donald Trump to disclose his own tax returns.
Yesterday at her economic speech in Warren, Michigan, Clinton continued to press Trump on his tax holdout.
Clinton s running mate Tim Kaine also released his returns for the past 10 years on Friday.
The Clintons have disclosed returns for every year dating back to 1977.
The filing shows that the Clintons paid a federal tax rate of 34.2 per cent.
The Trump campaign statement came hours after Ms. Clinton released the latest tax returns of her and her husband Bill Clinton.
Trump has said he is worth more than $10 billion, but no one has been able to confirm this independently.
Trump, a NY businessman, and his lawyers have cited an audit by the Internal Revenue Service as a reason for his refusal to release his returns.
If Trump does not make public the details of his taxes, he would be the first major party presidential nominee to decline to do so since Richard M. Nixon.
Hillary Clinton attends a campaign rally in Kissimmee, Florida, on Monday. Their income came from sources that included the couple’s books and speeches as well as Bill Clinton’s consulting work. The Clintons’ combined earnings from speeches previous year clocked in at $5.5 million – well shy of the $9 million Bill Clinton earned in 2007 alone. Trump wants to kill the capital gains tax, which would benefit a lot of wealthy filers but not really the Clintons.
Kaine, the Virginia senator who’s spent much of his life in public service, reported a far lower income than the Clintons.
In 2015, the Clintons claimed deductions for mortgage interest, state and local income taxes and charitable contributions.
An investigative report by Bloomberg News found that while Bill Clinton was being paid by Laureate, the State Department under Hillary Clinton increased its grants to a non-profit led by the chairman.
Although the speaking fees were previously reported in tax returns filed for 2013 and 2014 and released more than a year ago, the campaign made a point Friday of compiling them into online lists broken out by the name of the company or organization she addressed.
Surveys in Wisconsin, Pennsylvania and OH found that 90 percent of Democrats said they meant to support Clinton, while closer to 80 percent of Republicans meant to support Trump. On Friday, his office confirmed that Clinton also halted his business dealings with GEMS Education a year ago.
According to an IRS study based on the decade ending 2012, the average federal tax rate for the top 0.001 percent of earners that year – those earning at least $62 million – was 17.6 percent.
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That year, the Clintons donated $1,042,000 to charity, with the vast majority – $1 million – going to the Clinton Foundation.