Clinton Releases 2015 Tax Returns Paid 34% Effective Federal Rate

Hillary Leads 2016 Field with $33M CashHillary Clinton today released her 2015 tax returns while running mate Sen. Tim Kaine released 10 years’ worth of his.

The information shows that she and husband Bill Clinton paid an effective federal tax rate of 34.2 percent and an effective state and local tax rate of 9 percent, totaling a combined tax rate of 43.2 percent for last year, according to the Clinton campaign. For the federal taxes alone, the couple paid $3.6 million.

The Clintons’ 2015 joint tax return shows that their adjusted gross income was $10.6 million. That marks a significant drop from the year before when their adjusted gross income was $24.9 million in 2014. The drop is largely because Hillary Clinton stopped giving paid speeches when she launched her presidential campaign.

Why won’t Trump release his tax returns? Here is a video the Clinton campaign released on that issue.