Hillary Clinton’s presidential campaign released eight years of the former Secretary of State’s federal tax returns on Friday, filed jointly with her husband, from 2007-2014. A press release accompanied with the documents noted that the Clinton’s have now made 38 years worth of tax returns public, dating back to 1977.
The latest Clinton tax returns show that the couple made a high of $28 million in 2014, and a low of $5.5 million in 2008 – one year after losing the Democratic primaries.
$10.5 million from 2014 came from Mrs. Clinton’s speaking engagements, $9.8 million from Bill Clinton’s speeches, and $6.4 million from the former president’s “consulting” fees.
During the last eight years, Bill and Hillary Clinton have earned a total of $141 million, paid $43 million in federal taxes, and $13 million in state taxes – nearly 40% of their combined income.
Clinton also claimed in her attached statement that she and her husband paid an effective rate of 35.7% in federal taxes for 2014, and 45.8% in combined federal, state, and local taxes.
The robustness of the disclosure allowed Mrs. Clinton to opine on the current tax structure, as she wrote on her campaign website that the tax code is “full of loopholes that allow the wealthiest of Americans and most powerful corporations to game the system and avoid paying their fair share.”
The Clintons’ also donated $14.95 million to charities over the last eight years, $14.76 of which went to their own Clinton Family Foundation. Most of the most money which didn’t go to the Foundation went to the Clinton Global Initiative and a Clinton Family-sponsored professional golf tournament in California.
Despite using tax-deductible donations for their own charity, Hillary Clinton went on to disparage Republican candidates and the party at large for their support of tax cuts. “For example, Jeb Bush supports eliminating or dramatically lowering capital gains taxes for wealthy investors with no incentives for long-term holding,” Clinton’s statement read.
“Marco Rubio’s plan would cut taxes for households making more than $3 million a year by almost $240,000 – more than four times the earnings of a typical family. That’s a budget busting giveaway to the super-wealthy and the sort of bad economics you’re likely to get from any of the Republican candidates,” said a statement on hillaryclinton.com
In addition to the tax statements, Mrs. Clinton also released a public letter from her personal physician in Mount Kisco, NY. Dr. Lisa Bardack stated that her patient currently suffers from “hypothyroidism”, a common condition of older women in particular, which can cause fatigue and sensitivity to lower ambient temperatures.
Besides Mrs. Clinton’s under-active thyroid condition, Dr. Bardack wrote that “she is in excellent physical condition and fit to serve as President of the United States.”
[USA Today] [CNN]