After hammering Donald Trump on the campaign trail for refusing to reveal his tax returns, Hillary Clinton released her latest federal income tax return Friday, showing she and Bill paid roughly a third of their multi-million dollar income to Uncle Sam.
The Clintons pulled in $10.6 million in 2015, much less than the nearly $28 million they made the year before.
Their tax return showed that they paid $3.24 million in federal income taxes.
That means their effective tax rate — a measure of their income tax burden — was 30.6% based on their adjusted gross income. That’s on par with their 32% effective rate in 2014.
The campaign reported the Clintons’ effective tax rate as 34%, which includes the more than $300,000 the couple paid in self-employment taxes, which are payroll taxes for Social Security and Medicare. Experts often don’t include them when calculating federal income tax burdens.
By any measure, Hillary Clinton and her husband have satisfied the Buffett Rule that she’d like to impose if elected. Under that rule, anyone with adjusted gross income over $1 million would have to pay a minimum of 30% of their income in taxes.
The Clintons primarily made their money in two ways: speaking and writing.
Together they made $6.8 million in speaking fees. That’s well below the roughly $20 million they made the year before.
They also made close to $3.1 million on their various books.
And Bill Clinton’s consulting business brought in nearly $1.7 million.
The couple gave $1 million to their private Clinton Family Foundation, which is different than the Clinton Foundation that has been the subject of scrutiny.
With the release of her 2015 income taxes, Clinton has now released 39 years’ worth of tax returns over the course of her career.
Et tu, Trump?
Her opponent Donald Trump has yet to release any tax returns, a fact she brings up regularly.
Trump says he’s not releasing them because he’s under audit and said he would when the audit is complete. In fact, there is nothing preventing him from doing so during an audit.
By not releasing them during the campaign, he is breaking with a 40-year bipartisan tradition of transparency expected of presidential nominees.