Clinton releases 2015 tax returns, pressures Trump
August 14, 2016
Hillary and Bill Clinton earned $10.6 million last year, according to a tax filing released by her campaign Friday that sought to pressure presidential rival Donald Trump to disclose his tax returns.
The filing shows that the Clintons paid a federal tax rate of 34.2 percent in 2015. The bulk of their income — more than $6 million — came from speaking fees for appearances made largely before Hillary Clinton launched her campaign in April 2015. They gave more than $1,042,000 to charity, with $1 million going to the Clinton family foundation. That is the financial vehicle the family uses to give money to museums, schools, churches and other charitable causes. It is not the same organization as the better-known Clinton Foundation.
The Clintons’ income puts them well within the ranks of the top 0.1 percent of Americans, though they pay a higher tax rate than many of their elite peers, according to an analysis by the nonpartisan Tax Foundation, based on 2013 data.
The release is part of an effort to question Trump’s record. He has refused to make his filings public, saying they’re under audit by the Internal Revenue Service and he’ll release them only once that review is complete. All major U.S. presidential candidates in modern history have released their returns.
Trump steered clear of mentioning his personal taxes Friday. A spokesman pointed to Clinton’s move to delete tens of thousands of personal e-mails from her private account as secretary of state.
“Hillary Clinton has turned over the only records nobody wants to see from her — the American public wants to see the 33,000 e-mails she deleted to obstruct an FBI investigation,” said Trump spokesman Jason Miller.
The Clintons have disclosed tax returns for every year since 1977, in part due to laws requiring public officials release returns. She put out her most recent eight years of tax filings last summer and several years during her first presidential bid.
Hillary Clinton frequently mentions Trump’s returns as a way of underscoring how his economic plans would benefit his personal interests and questioning whether he’s as wealthy as he claims.
Democrats believe Trump’s returns could be a trove of politically damaging information. They want to see his tax rate, charitable giving, and business dealings with foreign governments.
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