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

5 best practices to brand your process & win more busines
5 best practices to brand your process & win more busines

Advisors can set their practice apart and win more business with a powerful graphic describing their unique business and value proposition.

Industry, financial experts sound off after DOL walks back crypto warning for 401(k)s
Industry, financial experts sound off after DOL walks back crypto warning for 401(k)s

The Labor Department's reversal from its 2022 guidance has drawn approval from crypto advocates – but fiduciaries must still mind their obligations.

Autopilot surges to $750M AUM, touts RIA growth as users copy Pelosi, Buffett trades
Autopilot surges to $750M AUM, touts RIA growth as users copy Pelosi, Buffett trades

With $750 million in assets and plans to hire a RIA Growth Lead, Autopilot is moving beyond retail to court advisors with separately managed accounts and integrations with RIA custodians such as Schwab and Fidelity.

RIA wrap: Former Procyon advisors launch Third View, ex-Rochdale CEO resurfaces in New York
RIA wrap: Former Procyon advisors launch Third View, ex-Rochdale CEO resurfaces in New York

Elsewhere on the East Coast, a Boca Raton-headquartered shop has acquired a fellow Florida-based RIA in "a natural evolution for both organizations."

$43B Beacon Pointe taps seasoned retirement plan specialist to lead in DFW region
$43B Beacon Pointe taps seasoned retirement plan specialist to lead in DFW region

After advising on nearly $700 million in retirement assets, 27-year veteran Greg Mykytyn is bringing his expertise in ESOP and 401(k) plans to the national RIA in Texas.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.