As I prepared to head out to the beach this morning, I got a couple of emails from TV shows that wanted a talking head (or presumably several) to address, in taped studio interviews, Hillary Clinton's (and Tim Kaine's) tax return release today, and/or the recent discussion in the NYT of Trump's refusal to release his tax returns. But luckily I don't agree with Gore Vidal, from the phrase of his that I believe I have quoted here before, re. how important it is to be on TV whenever possible. (Although I would have done the sessions had I been in NYC today.)
The main thing I gleaned from looking quickly at the Clintons' 2015 tax return, which I know others (such as folks at the Tax Policy Center) discerned as well, was that Trump's new tax "plan" would have enabled her and Bill to cut their effective tax rate by more than 50%, and thus to save more than $1 million in taxes. They made almost all their income via speeches and books, which they put (because that is where it goes) on Schedule C, business income. Since Trump plans a 15% rate for non-employee business income that apparently includes that from sole proprietorships, this would seem to mean that they would get a massive rate cut (and tax cut) from his proposal.
One could restate Trump's proposal, I suppose, as equivalent, for the most part, to a flat 15% income tax plus fines of up to 18% for the crime of being an employee rather than a business-owner.