Sometimes Our Tax System Is A Joke

Hillary Clinton has released her tax forms. The Daily Caller has the story.

This screen shot from The Daily Caller tells most of the story:

ClintonDonationsThere’s even more. The article reports:

Desert Classic Charities effectively returned that donation back into the Clinton orbit. Its 2015 tax filing shows that it contributed $700,000 to the Clinton Foundation for work on obesity programs. The group handed out $1.6 million in grants that whole year.

The Clintons’ effective federal tax rate was 34.2 percent, the Clinton campaign said in a press release. With state and local taxes amounting to nine percent of their income, they paid just over 43 percent of their income in taxes.

It remains to be seen if Clinton will face the same scrutiny for her in-house contributions as former Massachusetts Gov. Mitt Romney did when he ran on the GOP ticket in 2012.

What the Clintons did is a glaring example of why the tax code needs to be changed drastically. Otherwise, in the interest of fairness, all of us should be able to declare ourselves a charity, give about 8 percent of our income to actually help people, and declare the rest as tax deductible. This is obscene.