>Democratic presidential nominee Hillary Clinton and her husband, former president Bill Clinton, earned adjusted gross income of $10.6 million in 2015 and paid $3.6 million in federal income taxes.
>The couple paid an effective tax rate of 34.2 percent in 2015 and donated 9.8 percent of their adjusted gross income to charity — including a $1 million gift to the Clinton Family Foundation — according to the return.
>In 2015, their return shows, they overpaid their federal taxes by more than $1 million and asked that the excess be applied to their 2016 tax bill.
Here's the kicker Sup Forums they overpaid their 2015 tax returns, so in a sense for 2015 they paid 2.6mil in fed income tax on gross income of $10.6mil? Am I missing something? So they paid 24.5%, not 34.2% in taxes? Amazing, regular people earning 200k can't get below 33%, but the Clinton's to me it looks like they're in the 24.5% bracket, not unless I made a mistake somewhere.
'effective' tax rate. When you give to legitimate certified charities, you can have it count towards your taxes. If you earn 10 dollars, and you give $1 to charity, you can pay only $2 to the IRS directly but fill out the right paperwork make it count as being taxed at 30%.
I assume, I'm not a tax lawyer, anyone correct me.
Aiden Anderson
>regular people earning 200k can't get below 33%
you're confused m8
a couple earning $200k pays 20% rate
Luis Mitchell
Riiight - 30-35+ % for years
Hudson Johnson
Yea, but they had the 1mil they overpaid applied to their 2016 tax bill, I get that. So in a sense in 2015 they paid 24.5% in taxes, and donated 1mil to their Clinton Family Foundation.
>Hillary Clinton and her husband Bill deducted $1,042,000 in charitable contributions last year — $1 million of which went to their own family non-profit, the Clinton Family Foundation.
that's the top marginal rate, the effective rate is what you actually pay and its about 20% for $200k
Jason Sanchez
>overpaying your taxes >literally giving the US government an interest-free loan And this woman wants to be president?
Samuel Rivera
Oh right, you're going to knock out 8%+ like the Clintons, doing things like donating to Clinton Family foundation, gotcha. It's not even that, she paid effectively 24.5% in taxes, meanwhile earning 10.6mil.
Isaac Adams
I think you don't understand what effective rate is
If you pay 10% rate on the first $100k and 20% on the second $100k, you pay 15% effective tax rate
same thing applies here, the cumulative tax rate on $200k income is roughly 21%
Carter Phillips
>donated a million dollars to themselves
Their fucking charity is such a bs sham. Something like 15% of the actual proceeds go to any kind of charitable cause...which is probably just more shilling for progressive causes.
Brandon Price
Exactly, and the Clinton's ended up paying 24.5% on 10.6mil, amazing, the 1mil was carried over to their 2016 taxes conveniently to make it look like they paid 34.2% to not raise any eyebrows. You got to admit, they're a little creative and the media fluffs it all up for them to look it nice for the public.
Colton Ramirez
Unfortunately Trump is going to shed some light on it
They strategized and manipulated the tax code for years to create their 2015 return to be an election asset. There's no other explanation for this. Like bearing Chelsea, like staying married to a slimebox of a husband to whom even most low-esteem women wouldn't stay married, like practically putting on blackface to pander to black audiences and, of course, like killing people trying to get out the truth about just how corrupt she really is, there is no level too cynical or too low for that hunchback to stoop for a campaign cookie.
Joshua Sullivan
It is 4% not 15%
David Smith
>Donating money that goes to a charity with over 80% administrative cost.
So the donation went back in their pockets
Eli Butler
If they ever finish their hit list style audit we will find out.
Nathan Reed
The Clintons’ prior tax returns showed that from 2007 through 2014, the couple made $139.1 million — much of it from paid speeches. The Clintons paid $43.9 million in federal taxes over those years — an average tax rate that works out to 31.6 percent.
They shaved a few points off 34% over the years.
Exactly, considering it all went in 2015 to the Clinton Family Foundation.
