Sunday, August 14, 2016


Submitted by: Conservative 2 Conservative

This Clinton tax deduction is simply insulting

Started by Robert M
Back in the '90s, Americans got a chuckle after learning the Clintons took $2 tax deductions for underwear donated to charity. 

They've moved way beyond that now. 

When you see this million-dollar trick exposed in tax returns they released today, you won't be chuckling. 
But you might want to start your own cash-cow foundation ...

Hillary releases tax return, goading Trump

Democrat nominee, husband gave $1 million donation to Clinton Foundation

Bill and Hillary Clinton (Photo: Twitter)
Hillary Clinton released her latest federal income tax return Friday, further pressuring Republican opponent Donald Trump, who is now the first major-party presidential candidate since 1976 to refuse to release tax returns
The Clintons’ 2015 personal tax return showed the Democratic Party presidential nominee and her husband Bill earned $10.6 million in 2015, while paying $3.24 million in federal income taxes.
Their tax return showed the Clintons paid an effective federal tax rate of 34.2 percent and an effective state and local tax rate of 9 percent, totaling a combined tax rate of 43.2 percent for last year, according to the Clinton campaign.
Bill Clinton earned $1.7 million through his consulting business. The Clintons made $6.8 million in speaking fees and close to $3.1 million by writing books.
Since they left the White House, the Clintons have raked in millions of dollars giving speeches. Hillary spoke to banks such as Goldman Sachs and Morgan Stanley. In fact, as WND reported, she received more than $21 million in just two years for giving speeches to large banks and corporations. Hillary made most of her income after leaving the State Department by giving paid speeches averaging $250,000 each.
“Throw in the additional $26,630,000 her ex-president husband hoovered up in personal-appearance ‘honoraria,’ and the nation can breathe a collective sigh of relief that the former first couple – who, according to Hillary, were ‘dead broke’ when they left the White House in 2001 with some of the furniture in tow – can finally make ends meet,” said radio host Rush Limbaugh.
It’s also still unclear which fees were pocketed by the Clintons as income and which were designated as funds going to charity through the Clinton Foundation.
The 2015 tax return showed the Clintons deducted $1,042,000 in charitable contributions last year — with $1 million going to the Clinton Foundation.
The just released documentary “Clinton Cash,” based on a book by Peter Schweizer, explains how the Clintons make big money by selling access to themselves and use “speaking fees” to get around bribery laws.
“If somebody gave a politician or family member money for a favor, that’s breaking the law. But if you say it’s a speaking fee, and you pay double or triple the normal rate, that seems to be legal,” Schweizer told reporter and WND columnist John Stossel.
“Since Bill Clinton left office, he’s earned more than $126 million giving speeches. Before Hillary became secretary of state, Bill’s usual fee was less than $200,000 prior to Hillary becoming secretary of state. But after she landed the job, he made as much as $750,000 per speech,” noted Stossel in a recent column.
That’s “evidence that people paying him expect to get something in return,” said Schweizer. “She becomes appointed secretary of state, a friend of the president of Nigeria suddenly offers (Bill) $700,000 apiece for two speeches. An investment firm in Moscow that’s tied to the Kremlin who had never paid for him to speak before suddenly gave him $500,000.”
Sean Davis of The Federalist examined Clinton Foundation records and concluded only about 15 percent of the money goes to actual charity work to help needy people.
“Most is spent paying Clinton cronies and other well-connected people to schmooze with governments and charities, which supposedly helps those governments and charities help people. I doubt it helps much,” wrote Stossel.
The Clintons have been eluding deserved criminal charges in connection to the Clinton Foundation for years, according to the author of the explosive new book “Partners in Crime: The Clintons’ Scheme to Monetize the White Hous...
“I wrote ‘Partners in Crime’ because it became clear to me that the Clinton Foundation is a criminal operation,” Jerome Corsi, a WND senior staff writer and New York Times best-selling author, said in an interview. “It’s set up like a charity, so it defrauds people all over the world to think that they’re contributing to a good cause.”
On the same day Clinton released her tax return, it was reported multiple FBI investigations are underway involving potential corruption charges against the Clinton Foundation.
The investigation centers on New York City where the Clinton Foundation has its main offices, reported the Daily Caller.
Clinton released her tax returns last year from 2007 to 2014. During the 2007 to 2014 period, Hillary Clinton paid roughly $57 million in federal and state taxes on an income of more than $140 million over those years.
Clinton’s running mate, Sen. Tim Kaine, D-Va., and his wife, Anne Holton, released 10 years of his returns on Friday. They paid an effective rate of 20 percent last year on $313,000 in income.
Meanwhile, Trump has repeatedly refused to release his tax returns because he claims he is under audit.
“There’s nothing to learn from them,” Trump told the Associated Press in an interview in May.
“He refuses to do what every other presidential candidate in decades has done and release his tax returns,” Clinton said Thursday.
Laura  J Alcorn
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