In the same week that Hillary Clinton released her 2015 tax returns Donald Trump essentially showed everyone a note from his lawyer explaining why the billionaire isn’t allowed (by the lawyer) to do the same.
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Hillary Clinton has released her tax returns for 2015, showing the Democratic presidential nominee paid slightly more than 34 percent of her income in federal taxes a year ago. Mr. Kaine, the Virginia senator, and his wife, Anne Holton, reported income of $313,441 for 2015.
The Democratic presidential nominee revealed on Friday that she paid a 34 percent effective tax rate past year, after taking into account deductions and other claims.
The Trump campaign says he is not releasing his returns because he is being audited by the IRS.
Trump’s critics have speculated that the real estate tycoon is hiding his tax returns because they may reveal that he has vastly overstated his personal wealth, has unsavory business ties with the Russians, or may be stingy with charitable donations – or some combination thereof.
“He refuses to do what every other presidential candidate in decades has done and release his tax returns”, Clinton said on Thursday in an economic speech in MI.
Like Trump, former Massachusetts Gov. Mitt Romney, the 2012 GOP White House hopeful, was hesitant to release his returns.
In those years, they gave 7.5 percent of their adjusted gross income to charity.
Clinton maintained her lead even when third-party candidates Gary Johnson and Jill Stein were added in, and Trump lost support when voters were presented with those alternative options. They paid an effective combined tax rate of 45.8 percent in 2014, according to the site. The couple’s tax forms show that to be a pretty profitable enterprise: the former president earned $1.7 million in consulting fees last year – but that is down from $6.4 million the year before.
As New York residents, the former Secretary of State and former President also paid state income taxes.
The latest tax return shows the Clintons made far less than the almost $28 million they did in 2014.
In a speech Thursday outside Detroit, Democratic presidential nominee Hillary Clinton hit Donald Trump for what she’s calling a “Trump loophole” in his economic plan.
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Trump has said he is worth more than $10 billion, but no one has been able to confirm this independently. Their 2015 return was released today by the Clinton campaign, nearly five months after they signed it for filing.
