Bill and Hillary Clinton made $10.6 million in 2015, paid $3.6 million in taxes

Bill and Hillary Clinton made $10.6 million in 2015, paid $3.6 million in taxes
Democratic nominee's staff jabs Trump on releasing his returns.
AUG 11, 2016
By  Bloomberg
Democratic presidential nominee Hillary Clinton and her husband, former president Bill Clinton, earned adjusted gross income of $10.6 million in 2015 and paid $3.6 million in federal income taxes, according to a tax return her campaign released Friday as it sought to draw a contrast with her Republican rival, Donald Trump. The couple paid an effective tax rate of 34.2% and donated 9.8% of their adjusted gross income to charity, according to a campaign news release on Friday. The 2015 tax return adds to eight years of returns that Hillary Clinton's campaign released last year. “All told, the Clintons have made their tax returns public for every year dating back to 1977,” according to a campaign news release. In releasing the return — along with 10 years of tax information for her running mate, Virginia Senator Tim Kaine — Ms. Clinton's campaign once again tried to create a contrast between her and Mr. Trump over transparency in their personal finances. Departing from 40 years of tradition for presidential candidates, Mr. Trump has so far refused to release any of his tax returns for public inspection. Mr. Trump has said that he's under an audit by the Internal Revenue Service and won't release his returns until that audit is concluded — which may not happen before the Nov. 8 election. IRS officials have said there's no law preventing taxpayers from releasing their returns to the public, even if they're under audit. The Clintons' prior tax returns showed that from 2007 through 2014, the couple made $139.1 million — much of it from paid speeches. The Clintons paid $43.9 million in federal taxes over those years — an average tax rate that works out to 31.6%. Kaine and his wife, Anne Holton, paid an effective federal tax rate of 20.3% in 2015, according to the news release. Over the past 10 years, the couple have donated 7.5% of their adjusted gross income to charity, according to the release.

Latest News

Goldman gets shareholder backing on $80M executive bonus packages
Goldman gets shareholder backing on $80M executive bonus packages

The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.