Friday, July 31, 2015

Hillary Clinton Releases Her Tax Returns. On the same Friday afternoon that the State Department put out a batch of her emails, the Democratic front-runner released her tax filings since 2007.

The National Journal reports:
Hillary and Bill Clinton made well over $100 million combined and paid $43.9 million in taxes between 2007 and 2014, according to newly released tax-return information from Clinton's campaign Friday evening.

The campaign released eight years of tax returns, from 2007 to 2014, the most recent year available. Also released were an itemized list of speech income and sources of business income for both Bill and Hillary Clinton.

The new returns show that in 2014, the Clintons paid an effective federal tax rate of 35.7 percent and a combined federal, state, and local tax rate of 45.8 percent. In 2013, their effective federal tax rate was 35.4 percent and their combined rate was 44.6 percent.

As for charitable donations, the Clintons gave just under $15 million over the eight-year period, which is 10.8 percent of their total income.

"We've come a long way from my days going door-to-door for the Children's Defense Fund and earning $16,450 as a young law professor in Arkansas—and we owe it to the opportunities America provides," Clinton said in a statement accompanying the release. "I want more Americans to have the chance to work hard and get ahead, just like we did."
The champion of the middle class sure isn't middle class.