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US election: Hillary Clinton releases her tax returns

The Clintons have released their tax returns yearly
Hillary Clinton has released her tax returns, adding to the pressure on her Republican rival for the White House, Donald Trump, to do the same.

The Democratic presidential candidate paid an effective federal tax rate of 34.2% last year.

Her running mate Tim Kaine, along with his wife Anne Holton, paid a rate of 20.3%, his returns show.

Mr Trump, a hotel developer with a fortune estimated to be in the billions, has refused to release his.

Presidential candidates typically release their tax returns to the media to show their effective tax rate, charitable donations and other financial details.


Mr Trump, who has released a self-reported financial disclosure form, said he will not make his tax returns public until the Internal Revenue Service completes audits of them.

The IRS has said Mr Trump is free to release his returns. Mr Trump would be the first presidential candidate in decades not to release his returns.

Then-President Richard Nixon released his tax returns in 1973, starting an informal precedent. 

"Hillary Clinton and Tim Kaine continue to set the standard for financial transparency," said a Clinton campaign spokeswoman, who called on Mr Trump to do the same.

The Clintons have disclosed tax returns for every year since 1977.

Source: BBC

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