Hillary and Bill Clinton earned nearly $141 million over the course of eight years and paid $43 million in federal taxes, according to tax returns her campaign released Friday.

In a lengthy statement and on her campaign website, Clinton detailed that she and her husband, former President Bill Clinton, paid more than $43 million in federal taxes from 2007 to 2014, over $13 million in state taxes and donated nearly $15 million to charity over the same period.

The couple earned a total of $140.9 million, with an adjusted gross income of $139.1 million, the returns show.Charitable donationsFrom 2007 to 2014, nearly 99% of the Clintons' charitable giving went to their foundation, "The Clinton Family Foundation," which is used to distribute the family's philanthropic giving to different charities.In total, the Clintons donated $14,959,450.00 to charity over that period, with $14,769,000 of that going to the foundation.

 

Last edited by DollyLongstaff (4/16/2016 9:29 am)

John and Karen Kasich Release Their Tax Returns.Between 2008 and 2014 John and Karen Kasich filed joint tax returns indicating:

• Income over that seven-year period of $5,096,000 from sources including John Kasich’s work as governor of Ohio, a public speaker, board member, author, Lehman Brothers employee, FOX News commentator and their investments.
• They paid more than $1.3 million in federal tax and $376,272 in state taxes.
• They paid an average annual effective federal tax rate of 24.29 percent (sum of 2008-2014 rates/7).

Last edited by DollyLongstaff (4/16/2016 9:21 am)

Trump Now on His Third New Reason To Not Release Tax Returns

First, Hillary had to release her emails.

(What do Hillary's e-mail s have to do with DT's tax returns?)

Then, it was "they're being prepared".

Trump: “We’re working on that now. I have big returns, as you know, and I have everything all approved and very beautiful and we’ll be working that over in the next period of time,” he told Meet the Press just before the Iowa caucuses.


Now it’s an IRS auditing, which is either a lie or an admission of a very big problem.

Donald Trump says he cannot release his tax returns because he is undergoing an audit that goes back “four or five years.”

But the Internal Revenue Service usually does not look back more than three years.

“Generally, the IRS can include returns filed within the last three years in an audit,” the agency’s website says.

“Additional years can be added if a substantial error is identified.” The IRS further reports, “The statute of limitations limits the time allowed to assess additional tax.

The statute of limitations is generally three years after a return is due or was filed, whichever is later.” 

Last edited by DollyLongstaff (4/16/2016 9:38 am)