The one percent of the one percent.
Hillary Rodham Clinton and her husband, former President Bill Clinton, released their tax returns on Friday.
For a person who left the White House “dead broke and deeply in debt” (in spite of stealing White House furniture and artwork), the Clintons have done very well in the succeeding years. For fiscal 2015, they reported an income over $10.6 million, significantly down from the $28.5 million they earned in 2014.
Yeah, running for president doesn’t leave people time for other income-generating activities. Either way, they are the 1% of the 1%!
Slightly over a third of their income went for income taxes, while another 10% went to charity. How thoughtful! How generous! Not really! Actually, how selfish!
Of the the $1,042,000 the Clintons gave to charity as listed on their return, $1 million of that went to the Clinton Family Foundation. The other $42,000 went to Desert Classic Charities.
In other words, the Clintons donated – tax-free, no less! – to themselves. The Saudis, the Algerians, and other wealthy and not so wealthy Muslim human rights-abusing countries and prominent Wall Street firms and individuals associated with them also donated to the Clinton Family Foundation.
Not that the donors expected any favors or such, of course – they just are as generous and concerned about the less fortunate as the Clintons. Yeah.
Oh, and not so by the way, and I know this will come as a shock, shock, shock!, the Desert Classic Charities partners with the Clinton Family Foundation. Boom!
Desert Classic Charities, the local non-profit entity that has organized the Humana Challenge in partnership with the Clinton Foundation (formerly the Bob Hope Classic) for 53 years, today presented 40 Coachella Valley charities with more than $2 million in donations[.]
And as for the Clinton Foundation itself, well, it has been called a “giant slush fund,” with such high overhead and such little charity that it was placed on a watch list by a charity watchdog group last year.
The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid.
The group spent the bulk of its windfall on administration, travel, and salaries and bonuses, with the fattest payouts going to family friends. (snip)
In all, the group reported $84.6 million in “functional expenses” on its 2013 tax return and had more than $64 million left over — money the organization has said represents pledges rather than actual cash on hand. (snip)
None of the Clintons is on the payroll, but they do enjoy first-class flights paid for by the foundation. (snip)