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Republican vice presidential nominee Mike Pence says he will release his tax returns this week, drawing a stark contrast with his running mate, Donald Trump, who has refused to release them until an Internal Revenue Service audit is completed. The Indiana governor made the announcement in an interview with "Meet the Press" host Chuck Todd when asked about how the Trump campaign can criticize Democratic nominee Hillary Clinton over her transparency when both he and Trump have yet to release more personal financial details.
Tax Roundup, 8/29/16: IRS to again entertain "spin-off" business purpose rulings. Also: rollover relief, crop insurance, and other great links! IRS National Office no longer a no-spin zone.
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New rules are coming that will likely limit techniques used by the wealthy to lower their estate and gift taxes. The proposed regulations, issued by the Treasury Department and Internal Revenue Service in early August, apply to moves known as "valuation discounts."
Does the federal tax code now favor unmarried partners when it comes to deducting mortgage interest on jointly owned houses with super-sized mortgages? Can certain co-owners save big money on taxes by staying single, rather than getting married? In the wake of a little-publicized move by the IRS earlier this month, the answer appears to be yes for potentially significant numbers of co-owners of houses with jumbo loans.
With less than three months to Election Day, neither Hillary Clinton nor Donald Trump is shifting to the ideological center, a break from modern presidential campaigns that's being driven by the decline of swing voters. In a speech on Thursday, Clinton again emphasized her progressive stances on economic issues such as raising the minimum wage, tuition-free public college, expanding Social Security, adding a public insurance option to the Affordable Care Act, and cracking down on Wall Street.
The Hillary Clinton campaign released the 2015 joint federal income tax return filed by Mrs. Clinton and her ex-President husband Bill this week. Among other things, the Clintons reported total income of over $10.7 million, incurred income and self-employment taxes of over $3.6 million, and deducted $1 million for a charitable contribution to the Clinton Foundation.
Tim Kaine, Democratic nominee for vice president, said Saturday that Donald Trump won't make public his tax returns because they may show the Republican presidential candidate hasn't been the generous charitable giver he claims to be. "What doesn't he want to show?" the Virginia senator said at a rally in Manchester, New Hampshire, the only public event by the Clinton campaign this weekend.
Democratic White House candidate Hillary Clinton released her 2015 tax return Friday and criticized her Republican rival Donald Trump for bucking a long-standing tradition by failing to do the same. Clinton and her husband Bill, the former president, reported $10.6 million in income for 2015.
Hillary and Bill Clinton earned $10.6 million last year, according to a tax filing released by her campaign Friday that sought to pressure presidential rival Donald Trump to disclose his tax returns. The filing shows that the Clintons paid a federal tax rate of 34.2 percent in 2015.
"He refuses to do what every other presidential candidate in decades has done and release his tax returns," Hillary Clinton said during a speech in Michigan . Hillary Clinton just made her latest federal income tax return public, putting the pressure on Donald Trump to do the same.
Republican Donald Trump tried to brush off the latest furor to envelop his struggling White House campaign on Friday, saying he was just being sarcastic when he called President Barack Obama and Democratic rival Hillary Clinton the founders of Islamic State. Trump used the unfounded description on Wednesday night and all day on Thursday during campaign appearances in Florida.
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Hillary and Bill Clinton earned $10.6 million last year, according to a tax filing released by her campaign Friday that sought to pressure presidential rival Donald Trump to disclose his tax returns. The filing shows that the Clintons paid a federal tax rate of 34.2 percent in 2015.
The Russian military has announced the delivery of new air defence missiles to Crimea, in a move scheduled before the latest tension with Ukraine. The S-400 Triumph missile systems were earmarked for troops in Crimea last month, Russian media said at the time.
Donald Trump changed some of his facts to fit his agenda Monday, pitching shades of truth and misconceptions in what was billed as a major economic policy speech.
Trying to turn the page after a tumultuous campaign stretch, Donald Trump unleashed a blistering attack Monday on Hillary Clinton's approach to the economy while promising he would provide deep tax cuts and jolt middle class workers back to prosperity. Trump's speech to the Detroit Economic Club reflected the Republican presidential nominee's attempt to reboot and redirect the conversation to his strength: the economy.
Republican presidential nominee Donald Trump on Monday proposed tax breaks for working families and for corporations as he outlined economic plans in an effort to regain momentum lost during a damaging spate of controversies. Trump said his plan would include imposing a temporary moratorium on new federal regulations and a reduction to the tax burden on working parents with childcare costs.
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Gov. Sam Brownback had for years assured the public that the income-tax cuts he championed would stimulate the Kansas economy, supply plenty of money for schools and give other states a "pro-growth" policy model to follow. But voters, including many Republicans, appear to have rejected that idea in the face of budget woes and court battles over education funding.