Obama Campaign StrikesTO: Interested Parties
FR: The Obama Campaign
RE: TAX RETURNS: What does Clinton have to hide?
DA: March 5, 2008
The Clinton campaign today maintained that “the vetting of Barack Obama has just begun.” The truth is, more than a year into this campaign, some very simple vetting of Hillary Clinton has yet to start.
In the face of her unwillingness to release her tax returns, Hillary Clinton has made the false case in this campaign that she is more electable because she has been fully vetted. When it comes to her personal finances, Senator Clinton’s refusal to release her taxes returns denies the media and the American people the opportunity to even begin that process. Though her campaign has tried to kick the issue down the road, Democratic voters deserve to know, right now, why it is she is hiding the information in her tax returns from last year.
The Clinton campaign has said that they have released copious amounts of financial information but there are many questions about their private dealings that could be answered in their tax returns but not in the information that is currently available. For example, here are eight pieces of information that could be learned from her tax returns, the accompanying schedules, and attachments:
* Effective tax rate – including whether or not any tax shelters were used to reduce it
* Amount of income for spouses by source
* Amount of stock gains and losses
* Gross income for the couple
* Amount earned from stock dividends
* Amount of household employment taxes paid
* Personal exemptions taken
* Charitable contributions made
Senator Clinton has also claimed that she is too “busy” to release her tax returns. Given the fact she is able to loan her campaign $5 million, you would think the Clintons would be able to hire an accountant. The reality is that she wants to keep this information hidden from voters. The people of Wyoming, Mississippi, Pennsylvania and the rest of the country should wonder why.
The Clintons’ record on releasing tax returns...
http://marcambinder.theatlantic.com/archives/2008/03/obama_campaign_strikes.phpObama's complete 2006 return is here:
http://taxprof.typepad.com/taxprof_blog/files/obama_2006_tax_return.pdf