King Salman and Crown Prince congratulate new Lebanese President Joseph Aoun    Energy minister: Saudi Arabia is keen on enhancing energy cooperation with Greece    Minimum 30-day validity of Iqama is required to issue final exit visa    GASTAT: Industrial Production Index rises by 3.4% in November 2024    Al-Qaryan Group begins 125,000 m2 decommissioning project for Ibn Rushd in Yanbu    Mexico's Sheinbaum mocks Trump over his 'Gulf of America' idea    Oscar nominations postponed because of LA fires    Stories of heroism emerge as Los Angeles infernos rage    Ukraine says it attacked fuel depot serving Russian strategic bombers' air base    Elon Musk's interference in national debates angers Europe's leaders    Islamic Arts Biennale 2025 to witness first-ever display of full kiswah of Kaaba outside Makkah city    Saudi Arabia tops in venture capital investment, with SR2.8 billion, in MENA in 2024    Iqama of dependents of expatriates and house workers can extend from outside Saudi Arabia    Oman aims for metro project by 2032, minister says    Al-Qadsiah secures spot in King's Cup semi-finals with dominant win over Al-Taawoun    Rajković shines as Al-Ittihad edge Al-Hilal in dramatic King's Cup quarter-final    Saudi Arabia announces dates and venues for AFC Asian Cup 2027    Barcelona and Athletic Bilbao arrive in Jeddah ahead of Spanish Super Cup semi-final    Alabama nursing student wins Miss America 2025    Demi Moore continues comeback with Golden Globe win    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Clinton releases tax return, pressuring Trump to follow
Published in The Saudi Gazette on 14 - 08 - 2016

Hillary and Bill Clinton earned $10.6 million last year, according to a tax filing released by her campaign Friday that sought to pressure presidential rival Donald Trump to disclose his tax returns.
The filing shows that the Clintons paid a federal tax rate of 34.2 percent in 2015. The bulk of their income — more than $6 million — came from speaking fees for appearances made largely before Hillary Clinton launched her campaign in April 2015. They gave more than $1,042,000 to charity, with $1 million going to the Clinton family foundation. That is the financial vehicle the family uses to give money to museums, schools, churches and other charitable causes. It is not the same organization as the better-known Clinton Foundation.
The Clintons' income puts them well within the ranks of the top 0.1 percent of Americans, though they pay a higher tax rate than many of their elite peers, according to an analysis by the nonpartisan Tax Foundation, based on 2013 data.
The release is part of an effort to question Trump's record. He has refused to make his filings public, saying they're under audit by the Internal Revenue Service and he'll release them only once that review is complete. All major US presidential candidates in modern history have released their returns.
Trump steered clear of mentioning his personal taxes on Friday. A spokesman pointed to Clinton's move to delete tens of thousands of personal emails from her private account as secretary of state.
"Hillary Clinton has turned over the only records nobody wants to see from her - the American public wants to see the 33,000 emails she deleted to obstruct an FBI investigation," said Trump spokesman Jason Miller.
The Clintons have disclosed tax returns for every year since 1977, in part due to laws requiring public officials release returns. She put out her most recent eight years of tax filings last summer and several years during her first presidential bid.
Hillary Clinton frequently mentions Trump's returns as a way of underscoring how his economic plans would benefit his personal interests and questioning whether he's as wealthy as he claims.
Democrats believe Trump's returns could be a trove of politically damaging information. They want to see his tax rate, charitable giving, and business dealings with foreign governments.
"Here's a pretty incredible fact: There is a non-zero chance that Donald Trump isn't paying (asterisk)any(asterisk) taxes," Clinton tweeted, after releasing her own returns.
Protesters at Trump afternoon rally in Erie, Pennsylvania, held up signs reading "Tax Forms" before being escorted out by security.
Clinton's strategy borrows from President Barack Obama's winning playbook against Mitt Romney in 2012. Obama repeatedly used Romney's business dealings against him and seized upon his reluctance to release certain tax records.
Clinton's campaign also released 10 years of returns from running mate Tim Kaine and his wife, Anne Holton. Over the last decade, the couple has donated 7.5 percent of their income to charity, the campaign said, and paid an effective tax rate of 25.6 percent last year.
Kaine, the Virginia senator who's spent much of his life in public service, reported a far lower income than the Clintons. Over the past decade, he and his wife earned the most in 2014, more than $314,000 in adjusted gross income. The Clintons made about 90 times more, reporting nearly $28 million for the same year.
Trump's running mate, Mike Pence, has yet to say if he will release his taxes, which he has not done as governor of Indiana. A spokesman for the governor's office referred all tax-related questions to his vice presidential campaign. The campaign did not respond to messages.
Clinton has tried to paint Trump as an out-of-touch business mogul, but her substantial wealth has also caused headaches. Republicans have seized upon the millions in speaking fees and a tone-deaf comment by Clinton in a 2014 interview that she was "dead broke" after leaving the White House in 2001. The couple owed millions in legal fees, but quickly generated far more from book deals, paid appearances and consulting fees.
In total, the Clintons earned than $139 million between 2007 and 2014, according to eight years of federal income tax returns released by her campaign last July.
The bulk of their income came from speeches delivered to corporate and interest groups, which paid Bill Clinton and later Hillary Clinton after she resigned as secretary of state in early 2013.
Clinton delivered six paid speeches in 2015, including one to the Canadian Imperial Bank of Commerce. She commanded her highest rate from eBay, which paid her $315,000 for a March 2015 address in San Jose, California.
Bill Clinton's consulting work for GEMS Education, a global network of for-profit schools based in Dubai in the United Arab Emirates, earned him more than $5.6 million in fees between 2010 and 2015, according to the tax returns.
He also earned more than $17 million over the same period for consulting work for Laureate Education Inc., a for-profit education system based in Baltimore that makes most of its profits from overseas operations. Several former students have sued a school operated by the company, alleging fraud.
Bill Clinton's office previously said he had ended his consulting work with Laureate last year. On Friday, his office confirmed that Clinton also halted his business dealings with GEMS Education last year. His office said he had "engaged with GEMS students and faculty around the world and assisted the Varkey GEMS Foundation in its efforts to increase access to education to underprivileged children."


Clic here to read the story from its source.