WASHINGTON (AP) — Hillary and Bill Clinton earned $10.6 million last year, according to a tax filing released by her campaign Friday that sought to pressure presidential rival Donald Trump to disclose his tax returns.
The filing shows that the Clintons paid a federal tax rate of 34.2 percent in 2015. The bulk of their income — more than $6 million — came from speaking fees for appearances made largely before Hillary Clinton launched her campaign in April 2015. They gave more than $1,042,000 to charity, with $1 million going to the Clinton family foundation. That is the financial vehicle the family uses to give money to museums, schools, churches and other charitable causes. It is not the same organization as the better-known Clinton Foundation.
The Clintons’ income puts them well within the ranks of the top 0.1 percent of Americans, though they pay a higher tax rate than many of their elite peers, according to an analysis by the nonpartisan Tax Foundation, based on 2013 data.
The release is part of an effort to question Trump’s record. He has refused to make his filings public, saying they’re under audit by the Internal Revenue Service and he’ll release them only once that review is complete. All major U.S. presidential candidates in modern history have released their returns.
Trump steered clear of mentioning his personal taxes Friday. A spokesman pointed to Clinton’s move to delete tens of thousands of personal emails from her private account as secretary of state.
“Hillary Clinton has turned over the only records nobody wants to see from her – the American public wants to see the 33,000 emails she deleted to obstruct an FBI investigation,” said Trump spokesman Jason Miller.
The Clintons have disclosed tax returns for every year since 1977, in part due to laws requiring public officials release returns. She put out her most recent eight years of tax filings last summer and several years during her first presidential bid.
Hillary Clinton frequently mentions Trump’s returns as a way of underscoring how his economic plans would benefit his personal interests and questioning whether he’s as wealthy as he claims.
Democrats believe Trump’s returns could be a trove of politically damaging information. They want to see his tax rate, charitable giving, and business dealings with foreign governments.
“Here’s a pretty incredible fact: There is a non-zero chance that Donald Trump isn’t paying (asterisk)any(asterisk) taxes,” Clinton tweeted, after releasing her own returns.
Protesters at Trump afternoon rally in Erie, Pennsylvania, held up signs reading “Tax Forms” before being escorted out by security.
Clinton’s strategy borrows from President Barack Obama’s winning playbook against Mitt Romney in 2012. Obama repeatedly used Romney’s business dealings against him and seized upon his reluctance to release certain tax records.
Clinton’s campaign also released 10 years of returns from running mate Tim Kaine and his wife, Anne Holton. Over the last decade, the couple has donated 7.5 percent of their income to charity, the campaign said, and paid an effective tax rate of 25.6 percent last year.
Kaine, the Virginia senator who’s spent much of his life in public service, reported a far lower income than the Clintons. Over the past decade, he and his wife earned the most in 2014, more than $314,000 in adjusted gross income. The Clintons made about 90 times more, reporting nearly $28 million for the same year.
Trump’s running mate, Mike Pence, has yet to say if he will release his taxes, which he has not done as governor of Indiana. A spokesman for the governor’s office referred all tax-related questions to his vice presidential campaign. The campaign did not respond to messages.
Clinton has tried to paint Trump as an out-of-touch business mogul, but her substantial wealth has also caused headaches. Republicans have seized upon the millions in speaking fees and a tone-deaf comment by Clinton in a 2014 interview that she was “dead broke” after leaving the White House in 2001. The couple owed millions in legal fees, but quickly generated far more from book deals, paid appearances and consulting fees.
In total, the Clintons earned than $139 million between 2007 and 2014, according to eight years of federal income tax returns released by her campaign last July.
The bulk of their income came from speeches delivered to corporate and interest groups, which paid Bill Clinton and later Hillary Clinton after she resigned as secretary of state in early 2013.
Clinton delivered six paid speeches in 2015, including one to the Canadian Imperial Bank of Commerce. She commanded her highest rate from eBay, which paid her $315,000 for a March 2015 address in San Jose, California.
Bill Clinton’s consulting work for GEMS Education, a global network of for-profit schools based in Dubai in the United Arab Emirates, earned him more than $5.6 million in fees between 2010 and 2015, according to the tax returns.
He also earned more than $17 million over the same period for consulting work for Laureate Education Inc., a for-profit education system based in Baltimore that makes most of its profits from overseas operations. Several former students have sued a school operated by the company, alleging fraud.
Bill Clinton’s office previously said he had ended his consulting work with Laureate last year. On Friday, his office confirmed that Clinton also halted his business dealings with GEMS Education last year. His office said he had “engaged with GEMS students and faculty around the world and assisted the Varkey GEMS Foundation in its efforts to increase access to education to underprivileged children.”
Read Clinton’s full 2015 tax returns:
___
Associated Press writers Eileen Sullivan and Jeff Horwitz contributed to this report from Washington. Associated Press writer Josh Lederman contributed from Erie, Pa.
___
Follow Lisa Lerer and Ken Thomas on Twitter at: http://twitter.com/llerer and http://twitter.com/KThomasDC
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Um. That at least one POTUS candidate doesn’t shark steaks, ties, or degrees?
jw1
Like a lot of politicians she’s rolling in dough?
Yes, and she doesn’t manufacture a fashion line in Mexico, China, Taiwan or some other country, doesn’t depreciate her real estate properties, nor does her own daughter hawk the daughter’s own women’s clothing line for dresses the daughter wore at a political convention, dresses produced by manufacturers who don’t offer paid leave to their employees, that’s the way Trump’s daughter, not Hillary’s daughter, makes a good chunk of money.
I so wonder about the Don … I mean… It’s not like sex toys aren’t a legit deduction –
Ya know… health concerns and all —
Whenever the press mentions Trump’s complaint about missing e-mails, please remind the public of the 50K+ missing e-mails from the Bush era on fired Federal prosecutors. Please also remind the public of the RNC’s private e-mail server used by Bush, Cheney, and others and their destruction of all e-mails. Please remind public that Colin Powell candidly admitted using a private e-mail account and then destroying every single e-mail from his private account after he stepped down as Secretary of State. Oh, and please list the paid speeches Trump has given to Wall Street entities, for which he received much more than Clinton.
The American public has a very short memory and needs to be reminded of this history at every opportunity.