Clinton Releases 2015 Tax Return, Pressures Trump to do the Same

clinton-releases-2015-tax-returns

Hillary Clinton released her 2015 tax return Friday, as her campaign dials up the pressure on Republican Donald Trump to do the same.

Clinton, who filed jointly with her husband, paid an effective federal income tax rate of 34.2% last year, and the Clintons donated 9.8% of their adjusted gross income to charity, according to the campaign.

The Clintons took in $10.6 million in income in 2015, a majority of which came from paid speeches by Bill Clinton, while $3 million came from book royalties.

Their 2015 income was a little more than a third of what it was the year before and about half of their haul in 2007, the last full year in which Hillary Clinton was running for president. Including state and local taxes, the pair paid an effective rate of 43.2% in taxes 2015.

Sen. Tim Kaine, Clinton’s running mate, and his wife, Anne Holton, are also releasing 10 years of their returns showing they earned a combined $313,441 and paid a 25.6% rate, taking into account federal, state and local taxes.

Trump has repeatedly rebuffed calls to release his most recent tax returns because they are under federal audit. Yet he’s also refused to release prior returns that would provide information about his income, foreign holdings as well as charitable giving.

“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,” Jennifer Palmieri, communications director for the Clinton campaign, said in a statement.

“In stark contrast, Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns,” Palmieri added. “He has failed to provide the public with the most basic financial information disclosed by every major candidate in the last 40 years. What is he trying to hide?”

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SOURCE: USA Today, Heidi M. Przybyla