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
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

Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans
Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans

Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B

Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state
Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state

“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.

Osaic in talks with Anthropic as AI reshapes advisor workforce
Osaic in talks with Anthropic as AI reshapes advisor workforce

The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO

The retirement milestone advisors aren't tracking
The retirement milestone advisors aren't tracking

For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.

Wealthtech firms target stock pay, pensions and heirs for advisors
Wealthtech firms target stock pay, pensions and heirs for advisors

Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.