Sunday 25 September 2016

Clinton tax returns put pressure on Trump

Nick Allen

Published 13/08/2016 | 02:30

The Clintons have previously released annual tax returns dating back to 1977 Picture: Reuters
The Clintons have previously released annual tax returns dating back to 1977 Picture: Reuters

Hillary Clinton, the Democratic presidential nominee, released her latest tax returns yesterday, ratcheting up pressure on her rival Donald Trump to make his own forms public.

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According to her 2015 return, Mrs Clinton, together with her husband Bill Clinton, earned $10.6m (€9.5m) and paid a federal tax rate of 34.2pc.

Most of their income, around $6m, came from paid speeches and they gave more than $1m to charity.

The return showed that the couple's income had fallen dramatically from $28m in 2014 as Mrs Clinton spent more time on the campaign trail.

It also confirmed that Mrs Clinton's tax affairs satisfied the terms of the so-called 'Buffett Rule', which she wants to introduce if elected to the White House. That rule would mean anyone earning more than $1m would have to pay a tax rate above 30pc. The Clintons have previously released annual tax returns dating back to 1977.

Mr Trump has declined to make his tax returns public, saying he is under a routine audit by the Internal Revenue Service (IRS). His refusal to do so has led to questions over what rate of tax he pays, his actual wealth, how much he gives to charity and his business dealings with foreign countries.

Every Republican and Democratic presidential nominee since the 1970s has released their returns for public inspection. The IRS has said Mr Trump can release his tax returns while under audit. (© Daily Telegraph, London)

Telegraph.co.uk

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