US Democratic presidential candidate Hillary Clinton paid an effective federal tax rate of 34.2% last year and a combined federal, state and local effective tax rate of 43.2%, her campaign said on Friday.
Clinton’s running mate, U.S. Senator Tim Kaine of Virginia, along with his wife, Anne Holton, paid a federal effective tax rate of 20.3% in 2015, the campaign said. Trump, a New York businessman, and his lawyers have cited an audit by the Internal Revenue Service as a reason he has refused to release his returns. Trump also has said his taxes are no one’s business and that they reveal little.
The IRS has said Trump can release his tax returns even while under audit.
On Thursday, Trump’s special counsel, Michael Cohen, told CNN he would not allow Trump to release them until the audits are complete. Politico has reported that Trump paid zero to very little taxes for two years in the 1990s, and a New York Times business columnist on Friday quoted a number of tax lawyers and accountants saying that could still be the case.