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US 2016: Clinton Releases Tax Returns; Challenges Rival, Trump To Follow

BALTIMORE, MD (AFRICAN EXAMINER) – Democratic Presidential candidate Hillary Clinton appears to have put her controversial Republican counterpart, Mr. Donald Trump on the spot, as she has released her tax returns for over 30 years.

Hilary’s return evidence confirmed that she had paid an effective Federal tax rate of 34.2 per cent last year. In the same vein, the Clintons have disclosed annual tax returns till 1977.
Similarly, her running mate Mr. Tim Kaine, with his wife Anne Holton, paid a rate of 20.3 per cent, according to his returns.

It is a norm that US Presidential candidates release their tax returns to the media so as to show their compliance to effective tax rate, charitable donations and other financial details.
Instead of tax returns, Mr. Trump, who has released a self-reported financial disclosure form, said he would not make his tax returns public until the Internal Revenue Service (IRS) completes audits of them.

As the IRS has enjoined Mr. Trump to release his returns, the Republican candidate would be the first Presidential candidate in decades not to release evidence of his tax returns.
The norm dated 1973 when former President Richard Nixon then informally released his tax returns.
Clinton Campaign Spokeswoman, said Hillary Clinton and Tim Kaine have continued to “set the standard for financial transparency,” yet, challenged her rival, Trump to do the same.

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