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Clintons Made $140m in 8 Years

Clintons Made $140m in 8 YearsClintons Made $140m in 8 Years

Democratic presidential candidate Hillary Clinton released eight years of tax records, saying that she and her husband, former president Bill Clinton, have paid nearly $44 million in federal taxes since 2007.

Their adjusted gross income over the period was just shy of $140 million. With deductions factored in, their taxable income was about $111 million, Al Jazeera reported.

In a statement accompanying her tax records on Friday, Clinton said she and her husband paid an effective federal tax rate of 35.7% last year and that the rate went up to 45.8% when taxes were figured in.

Clinton, the frontrunner in the race for the Democratic presidential nomination in 2016, released her family’s tax returns from 2007 to 2014.

The Clintons’ vast wealth has become an issue in a 2016 presidential race that has focused on how to reduce income inequality.

The Clintons in 2013 each gave a series of speeches that brought in income of about $22.85 million. This included $9.68 million from Hillary’s speeches and $13.17 million from Bill’s addresses.

Most of Hillary Clinton’s speeches were $225,000 apiece or more. Bill Clinton’s ranged in price from $125,000 to $750,000 each, the disclosures showed.

The enormous tax bill dwarfed the still-sizeable $15 million that Republican presidential contender Jeb Bush said he has paid over the past 33 years, when he released his tax records in June.

Clinton released her tax returns on Friday, as her physician declared her healthy and “fit to serve” as president, with no lingering effects from a 2012 concussion that caused a health scare when she was secretary of state.

 

Financialtribune.com