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

Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale
Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale

RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.

Beyond wealth management: Why the future of advice is becoming more human
Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up
Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up

Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.

UBS loses $1.2 million arbitration claim linked to variable annuities and margin
UBS loses $1.2 million arbitration claim linked to variable annuities and margin

UBS has a history of costly litigation stemming from the sale of volatile investment products.

'We are monitoring the situation,' SEC says of private funds
'We are monitoring the situation,' SEC says of private funds

New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline