Tuesday, May 19, 2015

Struggling Americans: Clintons earned more than $30 Million over the Past 16 Months

Hillary and Bill Clinton earned more than $30 million in the past 16 months, with $25 million coming from the delivery of 104 paid speeches and more than $5 million coming from Mrs. Clinton’s book, “Hard Choices.”
Mrs. Clinton, the front-runner for the Democratic presidential nomination, released the figures on the same day her campaign filed a personal financial disclosure statement going back to the beginning of 2014, which is required by the Federal Election Commission.
Mrs. Clinton’s financial disclosure reported assets ranging from $11.3 million to $52.7 million. She reported no liabilities. In her last financial disclosure before leaving the State Department, which covered 2012, Mrs. Clinton reported assets totaling between $5.2 million and $25.5 million. Government officials are generally required to report financial information in ranges, rather than specifics.
The Clintons’ disclosed income since the beginning of 2014 places them among the highest earners in the top 1% of the population. That is likely to serve as a reminder of the couple’s wealth, at a time when she is positioning herself as a champion of struggling middle-class families.
The Clinton campaign didn’t comment beyond the financial disclosure.
Earlier in May, Mr. Clinton, the 42nd president, said he would continue to give paid speeches. “I gotta pay our bills,” he told NBC News. “I work hard at this. I spend a couple of hours a day just doing the research. People like to hear me speak.”
This week, he gave three paid speeches, including two for $250,000 each on Tuesday. Mrs. Clinton, as a presidential candidate, is no longer delivering paid speeches, but her last one was on March 19—just weeks before she announced her campaign—for a fee of $250,000. She delivered six speeches in the first three months of 2015.
The Clintons paid an effective federal income-tax rate in 2014 of more than 30%, a campaign official said. They also since early 2014 opened up a Vanguard mutual fund linked to the S&P 500 stock index, the couple’s only investment during this period, the official said.
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