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Hillary Clinton releases tax returns, pressures Donald Trump to do the same
While there is no law requiring candidates to release their tax returns, the public has had access to the returns of every major party presidential candidate since Richard Nixon ran for re-election in 1972, according to Fortune.
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He and his wife, Anne Holton, reported $313,441 in total income, and owed $63,626 in federal taxes.
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.
Hillary Clinton has released her tax returns, adding to the pressure on her Republican rival for the White House, Donald Trump, to do the same.
Mr Trump, who has released a self-reported financial disclosure form, said he will not make his tax returns public until the Internal Revenue Service completes audits of them.
Democrats suspect Mr Trump is holding back because his tax return might show he earns less than what he says, pays little or no tax, or gives a negligible amount to charity.
All major U.S. presidential candidates in modern history have released their returns.
A New York Times poll-of-polls puts Mrs Clinton ahead of Mr Trump by an average 46% to 39%. They paid an effective federal tax rate of 20.3 per cent in 2015.
Clinton’s previous returns from 2007 through 2014 were already posted on her website.
By not releasing them during the campaign, he is breaking with a 40-year bipartisan tradition of transparency expected of presidential nominees.
Federal tax rates have become an issue in the presidential election. They also made $109,000 in interest and dividends.
Trump has also faced questions about his charitable giving.
Her campaign tweeted Friday afternoon that Trump “might be” paying $0 in taxes.
A lower income would undermine his image as a successful businessman.
Trump has faced a series of self-inflicted controversies since the Democratic National Convention last month, when he suggested that Russian Federation should hack into Hillary Clinton’s emails from when she was secretary of state.
Bill Clinton’s consulting work for GEMS Education, a global network of for-profit schools based in Dubai in the United Arab Emirates, earned him more than $5.6 million in fees between 2010 and 2015, according to the tax returns.
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The Republican presidential nominee is straying from his signature bravado as he campaigns in the battleground state of Florida, even telling a gathering of evangelical ministers Thursday he’s “having a tremendous problem in Utah”.