Trump’s actual personal tax burden is unknown because he has broken with the long-standing tradition of presidential candidates and hasn’t yet released his tax returns for public review.
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Trump delivered an address Monday to the Detroit Economic Club, outlining a plan to cut taxes and get rid of regulations. The 2014 fees came from two education companies: Dubai-based GEMS Education (which the Clinton Global Initiative named as a partner organization in 2010) and Laureate Education, a series of for-profit colleges where Bill Clinton served as chairman from 2010-2015. She and her husband also pocketed more than $10 million past year, firmly positioning themselves in the elite 1 percent of top earners when inequality is a big focus of the election. All major US presidential candidates in modern history have released their returns.
Protesters at Trump afternoon rally in Erie, Pennsylvania, held up signs reading “Tax Forms” before being escorted out by security.
Her running mate Tim Kaine, along with his wife Anne Holton, paid a rate of 20.3 per cent, his returns show. Trump has been criticized by both Republicans and Democrats for a prolonged feud with the Muslim family of a fallen U.S. Army captain and his assertion last week that President Barack Obama and Hillary Clinton had co-founded the Islamic State militant group. In total, the Clinton’s gave almost 10 percent of their income to charity.
Hillary Clinton also listed $1.475 million in gross income from speaking, and Bill reported $5.25 million in gross income from speaking.
The Clinton campaign’s release gave them another opportunity to jab Trump for his refusal to release his own tax returns.
They gave more than one million dollars to charity.
President George W. Bush’s onetime commerce secretary announced he would back Hillary Clinton instead of Republican nominee Donald Trump. Her tax rate has been above 40% every year since she left the state department in 2013.
In 2012, then-Republican presidential Mitt Romney reluctantly released his returns.
The Democratic presidential candidate paid an effective federal tax rate of 34.2% previous year. Republicans have seized upon the millions in speaking fees and a tone-deaf comment by Clinton in a 2014 interview that she was “dead broke” after leaving the White House in 2001.
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Tax experts speculate that Trump, by contrast, may pay little in taxes, or even no federal income tax at all. His office did not immediately respond to a question about whether he still has a relationship with GEMS.
