Clinton Campaign Calls Out Trump, Releases Tax Filings
Hillary Clinton made a lot of money a year ago as did her husband, former President Bill Clinton, according to their 2015 tax return released Friday.
Clinton and her husband, former president Bill Clinton, paid an effective federal income tax rate of 34.2 percent and an effective state and local income tax rate of 9 percent in 2015, with a total income of about 10.7 million US dollars, according to her campaign.
The Clintons have paid more than $43 million in federal taxes and more than $14 million in charitable contributions since 2007, according to the campaign’s website.
Critics have questioned whether Trump has not released his taxes because his reported earnings could be underwhelming in comparison to his own statements about his net worth. He has said he will release them once the audit is over.
While they are not obliged to by law, it is customary for United States presidential candidates to make their tax returns public.
Democrats believe Trump’s returns could be a trove of politically damaging information. He has also said they are no one else’s business. “In stark contrast, Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns”. The couple reported just over $300,000 in adjusted gross income past year, a small fraction of what the Clintons made.
Clinton and her husband, former President Bill ClintonBill ClintonBill Clinton makes pitch to Asian Americans Bill Clinton: Claims Hillary threatened national security a “load of bull” It might be the end of Trump, but real story of campaign was always Sanders MORE, put out their returns for 2015.
In recent months, news organisations have unearthed public records that give a glimpse of what Trump paid in income taxes for eight out of the last 41 years. The couple earned more than $10 million in 2015, the documents say. That’s lower than the $9.7 million he earned from speeches in 2014 and the $13.2 million he received in 2013.
Meanwhile, Clinton’s running mate, Sen.
Bill spent $500,000 in travel as part of the speaking portion of his business, Hillary had about $250,000 in travel expenses for her speaking business. This is also a drop from the year before, when the couple made $20 million from speaking fees. She commanded her highest rate from EBay, which paid her $315,000 for a March 2015 address in San Jose. The returns also show that Kaine and his wife, Anne Holton, gave less than 8 percent of their income to charity. Several former students have sued a school operated by the company, alleging fraud.
Bill Clinton also appeared less frequently on the speaking circuit past year. His office said he had “engaged with GEMS students and faculty around the world and assisted the Varkey GEMS Foundation in its efforts to increase access to education to underprivileged children”.