Friday, August 12, 2016

Hillary Clinton releases tax return

Posted By on Fri, Aug 12, 2016 at 11:40 AM

click to enlarge tax.jpg

Democratic presidential candidate Hillary Clinton has released her latest federal income tax return, a challenge to Donald Trump who's released nothing of this or recent years. The Clintons have released them for decades.

Talking Points Memo has the full return on-line at the link.

It shows adjusted gross income of $10.5 million for the year and $2.2 million in itemized deductions, with a tax bill of $3.6 million. She'll be getting a $1 million refund from overpayment of estimated taxes.

Tidbits: Bill Clinton draws about $22,000 for state of Arkansas retirement. The couple contributed $1.042 million to charity, $1 million of it to the Clinton Family Foundation (a separate entity from the Clinton Foundation that gives money to a variety of familiar charities and nonprofits). Speaking fees paid through an agency and book payments account for the bulk of income.

This comes amid recent speculative reporting that Trump is reluctant to release his return because the self-professed billionaire may have paid no income taxes thanks to avoidance gimmicks available to developers.

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