Hillary and Bill Clinton earned $10.6 million a year ago, according to a tax filing released by her campaign that sought to pressure presidential rival Donald Trump to disclose his tax returns.
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The returns, filed jointly with her husband former President Bill Clinton, showed income of $10.6 million.
The campaign reported the Clintons’ effective tax rate as 34%, which includes the more than $300,000 the couple paid in self-employment taxes, which are payroll taxes for Social Security and Medicare.
Clinton’s campaign has released tax returns going back to 2007. Democrats repeatedly point to this as evidence of transparency on the part of the power couple.
The Clinton campaign released the Clintons’ latest figures as well as ten years of returns for her running mate, Tim Kaine, and his wife Anne Holton. “What is he trying to hide?” queried Jennifer Palmieri, Hillary for America communications director.
Epoch Times reached out to the Secret Service who said they were “aware” of the comments Trump made but declined to comment further.
“For the last 30 or 40 years, every candidate for president has released their tax returns, and I think Donald Trump should, as well”, McConnell says.
Trump outlined his economic package in a speech Monday, pledging to cut taxes for businesses and workers, while proposing a three-bracket income tax system more in line with proposals by House Republicans than his previous plan.
Regarding Trump’s trade rhetoric, Clinton said: “His approach is based on fear, not strength”. Mr Trump is the first presidential nominee since Gerald Ford in 1976 to refuse to publish his returns.
Trump, 70, presented the Federal Election Commission with a mandatory personal financial disclosure form in May and says this is enough.
That document gave only an estimate of Trump’s assets, liabilities and income.
US Democratic presidential nominee Hillary Clinton has vowed to “stand up to China” and oppose the Pacific trade agreement.
Clinton cited research from the research and credit-rating agency Moody’s that found that her plan would create more than 10 million jobs, while Trump’s would cause a loss of over 3 million. Almost 96 percent of the Clintons’ $1.04 million in charitable contributions went to their own Clinton Foundation. The move was aimed to pressure Trump to release his taxes, something he has repeatedly refused to do.
Most released their returns for several years, such as Bob Dole in 1996.
On Thursday, Trump’s special counsel, Michael Cohen, told CNN he would not allow Trump to release them until the audits are complete.
“I don’t know that we need to get out the vote”, the Republican nominee concluded.
Trump responded by saying that if the party gives up on him, he would stop raising money for the party.
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Meanwhile, Trump talked about rejuvenating the USA coal and steel industries but made no mention of IT. Clinton is “the candidate of the past”, he said.
