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Clintons earned $10m last year

WASHINGTON: Hillary Clinton on Friday released her 2015 tax returns, which showed the Democratic presidential nominee and her husband had $10.75 million in income that year and paid an effective federal tax rate of 34.2 per cent.

In 2015, the Clintons made $1 million in charitable contributions, mostly to the Clinton Foundation; former president Bill Clinton brought in nearly $5.3 million in speaking fees; and the former secretary of state reported income of $3 million from publisher Simon & Schuster for her book on her tenure at the State Department.

Clinton’s running mate, US Senator Tim Kaine of Virginia, along with his wife, Anne Holton, released 10 years of tax returns. They paid a federal effective tax rate of 20.3pc in 2015.

“Hillary Clinton and Tim Kaine continue to set the standard for financial transparency,” Clinton campaign aide Jennifer Palmieri said in a statement.

“In stark contrast, Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns.” It is customary for US presidential candidates to make their tax returns public, although they are not required by law to do so.

Clinton’s tax returns have been made public, in some form, every year since 1977.

Trump, a New York businessman, and his lawyers have cited an audit by the Internal Revenue Service as a reason for his refusal to release his returns. Trump also has said his taxes are no one’s business and that they reveal little.

“Your move,” Clinton campaign aide Ian Sams said on Twitter, linking to the Democratic nominee’s returns.

The IRS has said Trump can release his tax returns even while under audit.

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