How Much Did Hillary Clinton and Tim Kaine Pay in Taxes? Candidates Release Returns

Source: AP
Source: AP

Hillary Clinton and Tim Kaine released a bevy of tax returns Friday — documents that provide insight into the wealth and tax rates of the Democratic presidential ticket.

Clinton, who has released every year of tax returns since 1977, made public her 2015 tax filing Friday.

It shows she and her husband, former President Bill Clinton, earned $10.6 million in 2015, with $4.6 million paid taxes.  That amounts to an effective federal, state and local tax rate of 43.2%. Their federal tax rate was 34%, the Wall Street Journal reported.

According to the returns, the Clintons also donated $1.04 million to charity in 2015.

Clinton's income saw a sharp drop from 2014, when she and her husband earned $27.9 million and paid $9.9 million in taxes, CNN's Dan Merica noted.

Kaine and his wife, Anne Holton, released 10 years of their own tax returns.

The couple reported earning a combined $313,441 in 2015. They reported donating $21,290 to charity.

In total, Kaine and Holton paid an effective federal, state and local tax rate of 25.6%, USA Today reported.

Republican presidential nominee Donald Trump, on the other hand, has not released his taxes — making it impossible to know what he earned or how much he paid in taxes.

The New York Times on Thursday published a report speculating that Trump may have paid $0 in federal income taxes in 2015, thanks to tax breaks for real estate developers. 

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Emily C. Singer

Emily C. Singer, née Cahn, is a senior writer for Mic covering politics. She is based in New York and can be reached at esinger@mic.com

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