Hillary Clinton releases tax returns to pressure Donald Trump
Bill and Hillary Clinton made most of their money in 2015 from business income, namely consulting, speaking and book royalties, for a total of $10.1 million between the couple. 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. But legendary investor and billionaire Warren Buffett earlier this month challenged the Republican presidential nominee to discuss their tax returns publicly.
“Hillary Clinton has turned over the only records nobody wants to see from her – the American public wants to see the 33,000 emails she deleted to obstruct an FBI investigation”, Jason Miller, a top campaign spokesman, said in a statement Friday afternoon.
“Hillary Clinton and Tim Kaine continue to set the standard for financial transparency as she releases her 2015 personal tax return and builds on the Clintons’ tradition of making their returns public since 1977 and Kaine releases 10 years of his returns”, said Hillary for America communications director Jennifer Palmieri.
“Your move”, Clinton campaign aide Ian Sams said on Twitter, linking to the Democratic nominee’s returns.
Trump has said repeatedly his finances are being audited and has refused to release them until the audit is complete.
U.S. Democratic Presidential Candidate Hillary Clinton gestures to spectators on the last day of the 2016 U.S. Democratic National Convention at Wells Fargo Center, Philadelphia, Pennsylvania, the United States, on July 28, 2016. On Thursday, she raised the issue during an economic speech in MI. Former President Clinton made $5.25 million in speaking fees in 2015, less than half of his earnings the previous year.
Federal tax rates have become an issue in the presidential election.
The campaign posted her 2015 returns and those of her running mate, Tim Kaine, on her website midday Friday, along with past returns for both candidates dating back roughly a decade. The Clintons, who now live in Chappaqua, New York, paid an average effective federal tax rate of about 32 percent from 2007 to 2014 and an effective combined tax rate of approximately 40.5 percent. Their main investment was a low-priced index mutual fund, and the Clintons reported dividend and interest income of $109,000.