Hillary Clinton leads Donald Trump in Fla., N.C., Va., Colo.: Polls

by Edgar Hayes August 15, 2016, 0:18
Hillary Clinton leads Donald Trump in Fla., N.C., Va., Colo.: Polls

The Democratic presidential nominee revealed on Friday that she paid a 34 percent effective tax rate a year ago, after taking into account deductions and other claims.

Clinton's running mate, U.S. Sen.

By comparison, the Kaines' joint adjusted gross income was a far more modest $313,441, reflecting the vice presidential nominee's income as a USA senator and his wife's as Virginia's secretary of education.

Trump, Clinton's Republican opponent, has steadfastly refused to release any of his personal tax information, citing legal advice from Trump Organization counsel not to publicly disclose his tax returns before the completion of an audit.

Hillary Clinton on Friday did something every major party's presidential nominee has done since 1976, with the sole exception of the man she is now running against: She released her tax returns.

But billionaire Mr Trump has declined to release his, arguing that his tax returns for the past several years are being audited.

The IRS has said there is no timetable for when the audit of Trump's complicated tax returns will be completed, though there is no law stating Trump could not release the returns as filed while the audit continues.

"He refuses to do what every other presidential candidate in decades has done and release his tax returns", she told the crowd. In some form or another, Clinton has made hers public for every year since 1977.

Together they reported an adjusted gross income of $10.6 million in 2015, down from almost $28 million the year before. And he has yet to release records showing why he received a medical deferment during the Vietnam War and whether he has actually donated the millions of dollars he claims to have given to charity. They gave more than $1,042,000 to charity, with $1 million going to the Clinton family foundation.

At a Clinton rally last week in Omaha, Nebraska, Buffett, whose Berkshire Hathaway conglomerate is based there, challenged Trump to meet and exchange tax returns. The couple;s income in 2014 was $28.3 million, more than cut in half in 2015 to $10.6 million - most of that brought in by Bill.

If Trump does not make public the details of his taxes, he would be the first major party presidential nominee to decline to do so since Richard M. Nixon.

UPDATED: This story was updated to include comments from the Trump campaign. Both Clintons reported income from royalties and retirement plans and just over $84,000 in income from an investment in the Vanguard 500 Index mutual fund.

Clinton's strategy borrows from President Barack Obama's winning playbook against Mitt Romney in 2012.

"You don't learn very much", he said.

Hillary and Bill share a private moment on stage. "Combined income: $30 million".

The Clintons have paid more than $43 million in federal taxes and more than $14 million in charitable contributions since 2007, according to the campaign's website.

The biggest corporations like the ones in the Fortune 500 are typically taxed separately from the people that own them, as what are called "C-corporations".


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