Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

brooklynite

(94,571 posts)
Fri Aug 12, 2016, 12:05 PM Aug 2016

Hillary Clinton, Tim Kaine release tax returns

Source: Hillary for America

Today, Hillary Clinton released her 2015 personal tax return and Senator Tim Kaine and his wife, Anne Holton, released 10 years of their returns.

“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 and Kaine releases 10 years of his returns,” said Hillary for America communications director Jennifer Palmieri. “In stark contrast, Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns. 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?”

In 2015, the Clintons paid an effective federal income tax rate of 34.2 percent and an effective state and local income tax rate of 9 percent for a combined federal, state, and local effective tax rate of 43.2 percent. They donated 9.8 percent of their adjusted gross income to charity.

Clinton’s and Kaine’s newly released returns have been added alongside the past eight years of Clinton’s personal tax returns, covering 2007–2014. This supplements the public release of the Clinton family’s tax returns from 2000–2006 during her 2008 campaign, returns from 1992–1999 disclosed annually during her husband’s tenure in the White House, and prior returns released by her husband’s presidential campaign. All told, the Clintons have made their tax returns public for every year dating back to 1977.

Read more: https://www.hillaryclinton.com/page/tax-returns/

11 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

RexCasual

(171 posts)
6. I have an idea!
Fri Aug 12, 2016, 01:02 PM
Aug 2016

How long does it take for the IRS to complete an audit, anyway?!?

The IRS needs to wrap up this particular audit asap, so that Donald will have no reason whatsoever to refuse to release his returns. (Not that an IRS audit should stop him, but let's remove every single excuse he has, then watch him squirm.)

America needs/deserves to know what's in those returns, the sooner the better!!!

napi21

(45,806 posts)
7. Nice thought but audits can last for many years! Especially if contested,
Fri Aug 12, 2016, 01:11 PM
Aug 2016

which I'm sure his IS. We also don't have any idea when the audit (IF THERE IS ONE) began. From everything I've read, he's npt nearly as wealthy as he projects, therefore will NEVER release his returns.

Doctor Jack

(3,072 posts)
11. Seymour needs the toilet! His bladder is full! Full of urine!
Fri Aug 12, 2016, 09:28 PM
Aug 2016

Has it really been 17 years since that episode first aired?

DemonGoddess

(4,640 posts)
4. I'd say that would be them practicing what they preach
Fri Aug 12, 2016, 12:42 PM
Aug 2016

They have the money, they can pay a higher rate.

spooky3

(34,452 posts)
5. They don't have the deductions available to them that are available to real estate investors
Fri Aug 12, 2016, 12:50 PM
Aug 2016

and other occupational groups.

drray23

(7,629 posts)
8. I have about the same tax rate than Tim Kaine
Fri Aug 12, 2016, 01:13 PM
Aug 2016

less income but similar tax rate. I must admit he donates more to charity that I did. Him and his wife donated over $20,000 in 2015.

 

EL34x4

(2,003 posts)
9. 9.8 percent of their income donated to charity is very generous.
Fri Aug 12, 2016, 04:28 PM
Aug 2016

$1,042,000 donated to charity according to Statement 4 of the Clinton's 2015 tax returns.

$42,000 to Desert Classic Charities.

$1,000,000 to the Clinton Family Foundation.

Latest Discussions»Latest Breaking News»Hillary Clinton, Tim Kain...