Monday, March 07, 2016

The Clinton Tax Returns

There is a lot of information in the tax returns released by the Hillary Clinton campaign today.  In the year 2013, in 11 months of giving speeches for money, Secretary Clinton earned nearly $10 million.  That's not unusual. 

The Clintons are very generous, giving an annual average of more than 10% to charity, although it is worth noting that almost every single charitable contribution they've made in the past few years was to their family's foundation.  Again, not unusual.

But there was one line item in the 2013 return that caught my eye.  In 2013 the Clinton's claimed a credit of $100,000 in foreign taxes paid.  Again, not unusual except the source of the income and the amount seems out of balance.  It appears from reading the Form 1116 and supplemental statements in the return that there was a payment to the Clintons of $7.5 million from India.  An income source where the Clintons claimed direct expenses of $1.7 million against this specific income item.

I've used a number of different search engines and cannot find any information on just what Bill or Hillary did in 2013 that earned them this gigantic amount of foreign source income.  What services did they provide for this money?  To whom?

Inquiring minds would like to know.  Apparently the mainstream media isn't interested in knowing this.  They are far more interested in pointing out that the Clintons paid a much higher rate of income tax than Mitt Romney ever did.