According to a statement posted to Clinton’s website Friday, she and her husband, former President Bill Clinton, made a collective $10.6 million in adjusted gross income in 2015.
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The Clintons’ income was down from 2014, when they had a total income of about $28 million. Factoring in state and local taxes, their effective tax rate was 43.2 percent.
“In stark contrast, Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns”.
In total, the Clintons earned around $139 million between 2007 and 2014, according to eight years of federal income tax returns released by her campaign last July. Trump has said that he’s under an audit by the Internal Revenue Service and won’t release his returns until that audit is concluded – which may not happen before the November 8 election. He has also said they are no one else’s business. But past year, he said he would not do so because he would no longer be a candidate to anything.
The Clintons main sources of income were Mr Clinton s paid speeches, to the tune of $5.2 million, and a payment to Hillary Clinton from the publisher of her last book, Simon & Schuster, for three million dollars.
But the billionaire Trump has declined to release his, arguing that his tax returns for the past several years are being audited. Trump is not required as a candidate to reveal his taxes, but he has submitted his personal financial disclosure form outlining his business interests, which he is obligated to file.
Clinton has pounced on the issue, releasing an online video on Friday highlighting high-profile Republicans urging Trump to release his taxes.
Clinton’s campaign also released a list of speeches that she delivered in 2013, which showed that she gave 41 addresses for fees ranging from $225,000 to $400,000.
Income is taxed up to 39.6 percent by the federal government, while capital gains are only taxed at 20 percent rate for people in the highest federal income tax bracket. Bill Clinton made more $5.25 million in speaking fees, while his wife made almost $1.5 from paid speeches.
Clinton’s strategy borrows from President Barack Obama’s winning playbook against Mitt Romney in 2012.
At a Clinton rally last week in Omaha, Nebraska, Buffett, whose Berkshire Hathaway conglomerate is based there, challenged Trump to meet and exchange tax returns.
Trump’s running mate, Mike Pence, has yet to say if he will release his taxes, which he has not done as governor of Indiana.
The Clinton campaign also released 10 years’ worth of returns for her running mate, Sen.
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In 2015, Kaine and Holton reported $313,441 in total income, the vast majority of that coming from their respective salaries, Kaine as a US senator and Holton as Virginia’s secretary of education. Their main investment was a low-priced index mutual fund, and the Clintons reported dividend and interest income of $109,000. All told, she earned roughly $9.7 million that year in speaking fees, according to the campaign. The Clintons made about 90 times more, reporting almost $28 million for the same year. Her fees varied, but she earned as much as $315,000 for speaking to eBay in San Jose on March 11; she also collected $325,000 for speaking to the technology company Cisco in Las Vegas in August.
