Published: Mon, August 15, 2016
Research | By Jennifer Evans

Hillary Clinton releases tax returns to pressure Donald Trump

Hillary Clinton releases tax returns to pressure Donald Trump

Bill Clinton made more $5.25 million in speaking fees, while his wife made almost $1.5 from paid speeches.

A lower income would undermine his image as a successful businessman. Both listed the same occupation on returns signed in March: "speaking and writing".

They donated 9.8 per cent of their adjusted gross income to charity.

In 2015, Clinton paid a federal tax rate of 34.2% and a NY state rate of 9% for a total effective tax rate of 43.2%.

"I just do not think insults and bullying is how we are to get things done", Clinton said as she laid out her economic plan Thursday in Warren, Michigan. "He made a career out of stiffing small businesses". Tim Kaine, and his wife Anne Holton had a little more than $313,000 in gross income and paid a total of 25.6 percent in taxes.

The average payout for a single Clinton speaking engagement exceeded the $174,000 annual Senate salary of her running mate.

There have also been questions about how much Trump has paid in taxes over the years, whether he in fact paid any federal taxes some years, and whether he has followed through on his charitable pledges. Clinton and former president Bill Clinton have made their tax returns public every year dating back to 1977.

Democrats have repeatedly tried to pressure Trump into releasing his returns, floating the prospect that he is only refusing to release them because he has something to hide.

"Hillary Clinton is at the center of an worldwide corruption scandal that reveals her use of government authority and influence for personal gain", Miller said. Romney is now among those questioning Trump's decision to withhold his taxes. Clinton has refused to release the transcripts of those speeches.

Clinton stood firm and said she would abandon the Trans-Pacific Partnership (TPP), a trade plan she had previously supported under President Obama. The latest blow, according to Fox News, is a letter from a group of former Republican legislators calling on the Republican National Committee cut funding to the presidential candidate.

This provision, which applies to millions of Americans, from law partners to restaurateurs to freelancers to owners of private companies like Donald Trump himself, is a mixed blessing.

Mike Pence, the IN governor and Trump's running mate, also has not made public his tax data during the campaign.

Trump has said that he is being audited by the Internal Revenue Service and will therefore not release his returns.

Trump holds just a 4-point edge over Clinton among male voters in New Hampshire. "I wouldn't understand them, so how are the American people going to?"

Tax lawyers say there is nothing to stop a person making their return public while it is before the IRS; it does not prejudice the outcome of the audit process.

"I oppose it now, I'll oppose it after the election, and I'll oppose it as president", she added. "I'll bring my tax return; he can bring his", Buffett said.

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