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Hillary Clintons Tax Return Is a Message to Donald Trump
Her running mate Tim Kaine, along with his wife Anne Holton, paid a rate of 20.3%, his returns show.
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Bill and Hillary Clinton made $10,594,529 in adjusted gross income in 2015, according to tax returns released by the campaign Friday.
In this July 29, 2016, photo, Democratic presidential candidate Hillary Clinton and Democratic vice presidential candidate, Sen.
The Clinton campaign gleefully pointed all of this out and also released a video that included Republicans like Senate Majority Leader Mitch McConnell and former presidential nominee Mitt Romney calling for his returns to be released in press clips.
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.
Trump has said he will not release taxes until an IRS audit is completed.
Trump had told The Associated Press in May that he would not release his returns before the November 8 elections. “It’s both possible and legal that Donald Trump would pay little or no income tax”, said Len Green an accountant from the Green Group to The NY Times.
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. Instead, its profits are passed along to its shareholders and partners, who then report them on their individual tax returns.
Since then, the campaign doubled down on that position, saying in late July that Trump wouldn’t release his returns until after Election Day. They made $21,290 in tax-deductible charitable donations past year. As many economists pointed out, this policy would actually end up benefitting wealthier Americans since many Americans already pay no federal income tax. The couple earned more than $10m in 2015, the documents say. If Clinton is elected president in November, she’ll earn a salary of $400,000 but forego any income from speeches (until she leaves office, anyway).
Did you know that polls in blue-state New Jersey indicate that voters are “ready to abandon” Hillary Clinton and vote for Donald Trump? They donated just shy of 10% of their combined gross income to charity.
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Hillary Clinton tried to play down the eight-figure earnings that she and Bill Clinton were bringing in annually by talking about her middle class roots in a statement that coincided with her tax returns.