Finance

Clintons paid $44 million in taxes over eight years

Hillary Clinton and Bill Clinton paid almost $44 million in taxes between 2007 and 2014, her presidential campaign reported Friday.

And the Democratic front-runner wants to make clear — she and former President Bill Clinton don’t want or need a tax cut.

{mosads}The Clintons paid a similar effective federal tax rate in both 2013 and 2014 — 35.4 percent and 35.7 percent, respectively. That suggests the Clintons made tens of millions of dollars — probably well in excess of $100 million — over those eight years.

In those years, the top rate for high earners was 39.6 percent, after President Obama pushed to hike taxes on the wealthy. Counting state and local taxes, the Clintons paid around a 45 percent effective rate in 2013 and 2014.

The Clintons also gave around 11 percent of their income to charity in both 2013 and 2014, and almost $15 million total since 2007.

In a statement, Hillary Clinton said she and Bill had “come a long way from my days going door to door for the Children’s Defense Fund.” The Clinton campaign also released a list of speeches that the couple made in 2013.

“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,” Clinton added, contrasting her economic proposals with those of GOP candidates like former Gov. Jeb Bush (Fla.) and Sen. Marco Rubio (R-Fla.).

“They want to give me another tax cut I don’t need instead of putting middle-class families first,” Clinton said.

In all, the Clintons have now released tax returns dating back to 1977, which includes his tenure as both Arkansas governor and president, and her time as secretary of State. Bill Clinton turned 31 in 1977, his first year as Arkansas attorney general, while Hillary turned 30.

Also on Friday, the State Department released a new set of emails from Clinton’s tenure as secretary.

Tags Bill Clinton Hillary Clinton Marco Rubio
See all Hill.TV See all Video

Most Popular

Load more

Video

See all Video