Hillary Clinton releases tax returns to pressure Donald Trump

Andrew Cummings
August 14, 2016

The Clintons also donated roughly a tenth (9.8 percent) of their annual income to charity.

In releasing the return - along with 10 years of tax information for her running mate, Virginia Senator Tim Kaine - Clinton's campaign once again tried to create a contrast between her and Trump over transparency in their personal finances.

"Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns", Palmieri said Friday.

There are many reasons why Donald Trump won't release his tax returns, but the common thread through them all is that his tax returns will reveal that Donald Trump's presidential campaign is built on a mountain of lies. "What is he trying to hide?", said Jennifer Palmieri.

Donald Trump in FL signs
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The documents show that she and husband, former President Bill Clinton paid approximately one third of their income to Uncle Sam. Taking into account their state and local taxes, the Clintons had a total effective tax rate of more than 43 percent in 2015.

Trump, a real estate developer and entrepreneur who claims a fortune of more than $10 billion, has said he will not release his tax returns because he is undergoing a multiyear audit by the IRS.

That year, the Clintons donated $1,042,000 to charity, with the vast majority - $1 million - going to the Clinton Family Foundation.

Adding the 2015 return to the pile, the Clintons will have released 38 years of their tax returns - dating back to 1977 - to the public, thanks to Bill Clinton's political career and then Hillary Clinton's own. "We want to see the pay-for-play e-mails that Clinton's Chief of Staff, Cheryl Mills, refuses to turn over", Mr. Miller said.

What might be in Trump's tax return?

She and her husband also pocketed more than $10 million past year, firmly positioning themselves in the elite 1 percent of top earners when inequality is a big focus of the election.

That's a dropoff from the couple's 2014 earnings, when Clintons were criss-crossing the country getting huge fees for speaking engagements.

Meanwhile, Trump hasn't released any returns.

U.S. Democratic Presidential Candidate Hillary Clinton gestures to spectators on the last day of the 2016 U.S. Democratic National Convention at Wells Fargo Center, Philadelphia, Pennsylvania, the United States, on July 28, 2016.

Bill Clinton's office previously said he had ended his consulting work with Laureate a year ago.

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