WASHINGTON, July 31 (UPI) — Democratic frontrunner Hillary Clinton on Friday released nearly a decade of tax returns that show the presidential hopeful earned more than $140 million since 2007.
Clinton made the returns public on Friday, in the campaign’s latest show of transparency. Along with her former president husband, the documents show that Clinton made $141 million between 2007 and 2014 — and paid nearly $44 million in taxes.
Part of the reason she released the tax returns, she said, is to exemplify what she calls a problematic United States tax code.
“It’s full of loopholes that allow the wealthiest Americans and most powerful corporations to game the system and avoid paying their fair share,” Clinton said of U.S. tax law. “It even permits a highly paid Wall Street trader to sometimes pay a lower tax rate than a teacher or a nurse. And it creates perverse incentives that discourage long-term investments that would grow our economy and raise incomes for hard-working Americans.”
“Reforming our tax code to promote strong, fair, long-term growth is a centerpiece of my campaign,” she added. “Hard-working middle-class families and small businesses need and deserve tax relief and simplification. As President, I’ll make that a priority.”
For 2014, the Clintons reported an adjusted gross income of just under $28 million, which netted them a refund of $621,130. A year earlier, her adjusted gross income was about the same — but the Clintons owed more than $3 million to the Internal Revenue Service.
The lion’s share of the Clintons’ income is provided by various speaking fees the pair receive around the nation every year. Her annual Senate salary comprises just $174,000. In May, her filing with the U.S. Federal Election Commission showed that she had earned $25 million in speaking fees since the start of 2014.
Clinton reported nearly $1.3 million in expenses for 2014 — including more than $375,000 on travel. Between 2007 and 2014, the Clintons made $15 million in charitable contributions.
“We’ve come a long way from my days going door to door for the Children’s Defense Fund and earning $16,450 as a young law professor in Arkansas — and we owe it to the opportunities America provides,” Clinton said. “I want more Americans to have the chance to work hard and get ahead, just like we did. And reforming the tax code can help.”
In addition to the returns, the 67-year-old Clinton also released a letter from her physician that gives the former Secretary of State a clean bill of health.
Dr. Lisa Bardack, Clinton’s physician since 2001, said the former New York senator is in good health despite a few ailments in recent years — including deep vein thrombosis in 1998 and 2009, an elbow fracture in 2009 and a concussion in 2012. Also in 2012, Clinton battled a stomach virus after extensive traveling, the letter said.
“She exercises regularly, including yoga, swimming, walking and weight training,” Bardack wrote in the letter.
Bardack also noted that Clinton keeps current on her maintenance health evaluations, like mammograms, and even underwent a full cardiac evaluation, which was negative.
“Clinton is a healthy female with hypothyroidism and seasonal allergies,” Bardack concluded. “She is in excellent physical condition and fit to serve as President of the United States.”