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Friday, March 29, 2024

“Everyday Americans” Hillary And Bill Clinton Report $140 Million In Taxable Income Since 2007

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Clinton told ABC’s Diane Sawyer in a June interview, “We came out of the White House not only dead broke, but in debt.”

Ever since Mitt Romney’s tax disclosure fiasco in which allegations of tax avoidance and usage of offshore tax shelters played a major part in the democrat counter campaign, there has been great interest in the Adjusted Gross Income reported by presidential candidates. Which is why to avoid any surprises on the primary circuit, Hillary Clinton released the full data of her and Bill’s tax income going back to 2007.

So without further ado, here is the Clinton family’s adjusted gross income since 2007. The summary: $139.1 million in income since 2007, most of it thanks to speeches starting at $225,000 and going much higher.

And that is your “everyday Americans.

Over this period, the dynastic presidential family paid $43.9 million in Federal Tax:

A spread of just the Federal and Combined tax rate reveals the following picture:

Here is what Hillary posted on her disclosure statement:

As the returns detail, since 2007, the Clintons have paid $43,885,310 in federal income taxes. In the two most recent years, 2013 and 2014, the Clintons paid an effective federal tax rate of 35.4 percent and 35.7 percent, respectively. When accounting for state and local taxes, the Clintons’ combined effective tax rate was 44.6 percent in 2013 and 45.8 percent in 2014.

Since 2007, the Clintons have also made $14,959,450 in charitable contributions. In 2013, charitable giving represented 11.4 percent of their income. In 2014, it represented 10.8 percent.

To supplement the disclosure of her tax returns, Clinton posted a complete inventory of paid speeches delivered by both her and her husband in 2013. The disclosure includes the amount earned for each speaking engagement. The same information was released for her husband annually during Clinton’s tenure as Secretary of State. Corresponding data for 2014 and the early part of 2015 was released in May on Clinton’s financial disclosure report.

Some more amusing soundbites:

Families like mine that reap rewards from our economy have a responsibility to pay our fair share. And it’s not just the right thing to do—it’s also good for growth. To create jobs and raise incomes, our country needs resources to make big investments in infrastructure, innovation, clean energy, and education. That’s vital if we’re going to make the economy work for everyone, not just those already at the top.

And here is the bribery, pardon speech breakdown for 2013, first Hillary:

Then Bill:

Note the biggest contributor year in and out for both: Wall Street.

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