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At the same time she poses as a class warrior and calls for higher taxes on the rich, a multi-millionaire like Hillary Clinton hypocritically avoids the very same taxes she claims the wealthy should pay.
With her tax plan calling for a new “surcharge” on top earners, Hillary Clinton should put her money where her mouth is, set an example for high-earning Democrats, and voluntarily contribute the millions in additional tax dollars she would owe had her proposals been part of the tax code.
At the same time she poses as a class warrior and calls for higher taxes on the rich, a multi-millionaire like Hillary Clinton hypocritically avoids the very same taxes she claims the wealthy should pay.
With her tax plan calling for a new “surcharge” on top earners, Hillary Clinton should put her money where her mouth is, set an example for high-earning Democrats, and voluntarily contribute the millions in additional tax dollars she would owe had her proposals been part of the tax code.
At the same time she poses as a class warrior and calls for higher taxes on the rich, a multi-millionaire like Hillary Clinton hypocritically avoids the very same taxes she claims the wealthy should pay.
With her tax plan calling for a new “surcharge” on top earners, Hillary Clinton should put her money where her mouth is, set an example for high-earning Democrats, and voluntarily contribute the millions in additional tax dollars she would owe had her proposals been part of the tax code.
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Republican
National
Committee
April 18, 2016
Rorrie Gregorio
National Partner-in-Charge, Family Office Group
Member, High-Net-Worth Individuals Practice Group
Marcum LLP
750 3rd Avenue
11th Floor
New York, NY 10017
Ms. Rorrie Gregorio,
As Hillary and Bill Clinton's financial and estate planner, as well as their personal
accountant, I am writing to you on this annual tax day to inquire as to whether
Hillary Clinton has chosen to put her money where her mouth is, and pay the
additional taxes she is hypocritically proposing that other Americans of similar
income pay, but not said she is willing to voluntarily pay herself.
Asa part of Mrs. Clinton’s tax policy proposals, she has called for an unprecedented
new tax on Americans who earn more than $5 million annually. This 4-percent
“surcharge” would effectively create an entirely new tax bracket for people at the
top 0.01 percent, such as herself.
Since leaving the White House in early 2001, at a time when she claimed to be “dead
broke,” the Clintons have earned at least $186,674,757 in taxable income (See
attached). In 2014, the last year in which the Clintons have publicly released their
tax returns, they earned $22,787,248, their highest single year of taxable income
since being “dead broke.”
With the Clintons’ tremendous income, | am calling upon them to fully embrace her
new tax by applying the “surcharge” to her family’s previous income since 2001
when her family income has been in excess of $10 million on average annually.
imitte.
@ Ww gopcom |
Not ethorzd by ary candidate or ery cancate's conan.Fr.
Republican
National
Committee
Should the Clintons choose to put their money where their mouth is and pay Hillary
Clinton's proposed tax, she and her husband would owe the Internal Revenue
Service a cumulative amount of $4,687,898.56 dating back to 2001. To pay the tax
for 2014 alone, the Clintons would owe $711,489.92.
‘Asa member of the top .01 percent of American income-earners and a proponent of
higher taxes, Clinton should practice what she preaches by sending the U.S. Treasury
the over $4.6 million she would have owed under her new tax.
In addition, it is imperative that the Clintons continue to lead moving forward, and
pay this 4-percent “surcharge” tax on their 2015 federal income tax filings and each
year moving forward.
Mrs, Clinton has a particular obligation to honor her tax agenda considering her and
her husband's past and current use of the tax code. Whether it was the improper use
of interest deductions on their Whitewater real estate loans, or their current use of
real estate loopholes to avoid fully paying the estate tax, another tax she seeks to
raise, the Clintons can no longer hide their hypocritical penchant for gaming the tax
system.
The American people are tired of the Clintons playing by their own set of rules. I
urge Hillary Clinton to put aside her family’s tax hypocrisy, put her money where
her mouth is, and pay the IRS the costs of her own tax hiking agenda.
Sincerely,
Reince Priebus
Chairman, Republican National Committee
Parte Repo Naoral Ga
@ 310 First Street, SE * Washington, DC 20003 * www.gop.com
| Ho eran yan it any Cua’ co fanCa
Republican
National
Committee
How Much Clinton Would Owe Under Her 4-Percent Surcharge Tax
TAXABLE INCOME
YEAR TAXABLE INCOME | OVER $5 MILLION | AMOUNT OWED
2001 14,427,526 9,427,526 377,101.04
2002 8,881,115 3,881,115 155,244.60
2003 7,027,281 2,027,281 81,091.24
2004 16,376,091 11,376,091 455,043.64
2005 15,270,582 10,270,582 410,823.28
2006 13,251,979 8,251,979 330,079.16
2007 15,696,172 10,696,172 427,846.88
2008 4,477,303 0 0.00
2009 8,071,656 3,071,656 122,866.24
2010 10,704,263 5,704,263 228,170.52
2011 11,621,445 6,621,445 264,857.80
2012 15,921,409 10,921,409 436,856.36
2013 22,160,687 17,160,687 686,427.48
2014 22,787,248 17,787,248 711,489.92
Total: 186,674,757 117,197,454 4,687,898.16
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