April 4th, 2008
09:06 PM ET
7 years ago

Clinton releases tax returns

Clinton had been under mounting pressure to release her tax records before the Pennsylvania primary.
Clinton had been under mounting pressure to release her tax records before the Pennsylvania primary.

(CNN) - Hillary Clinton released her tax returns for the years 2000 to 2006 late Friday afternoon, ending weeks of speculation over her delay in making them public.

“The Clintons have now made public thirty years of tax returns, a record matched by few people in public service,” spokesman Jay Carson said in a statement. “None of Hillary Clinton's presidential opponents have revealed anything close to this amount of personal financial information.”

The campaign said the records showed Bill and Hillary Clinton had paid more than $33.7 million in federal taxes on a joint income of $109 million and donated $10.2 million to charities over the past eight years.

The New York senator had initially said that she would not release them unless she was the Democratic nominee. But at a debate shortly before the March 4 primaries, she said she would consider releasing them "even earlier," though she did not name a precise date.

"I will certainly work toward releasing them, and we will get that done and in the public domain," said Clinton.

Later, she pledged to release the documents by this year's April 15 tax filing deadline. But ten days ago, following Obama's decision to release his tax returns of this decade, and attacks from his campaign over Clinton's delay in making her own public, she announced that she would release the returns within the week.

The Obama campaign's criticism centered on Clinton's decision to lend her campaign $5 million earlier this year, along with former President Bill Clinton's $20 million payout from supermarket holding company Yucaipa.

In conference calls with reporters, Clinton campaign spokesman Howard Wolfson accused the Obama campaign of unfounded negative attacks over the delay, noting that there were "20 years of Clinton tax returns in the public record."

The tax returns are the second of three batches of documents Clinton has come under pressure to release. Her scheduling records that date to her time as First Lady were released late last month. The list of major donors to the Clinton Presidential Library has yet to be released.

(Full statement below; complete returns are available here.)

Hillary and Bill Clinton Tax Returns
Statement of Jay Carson
Clinton Campaign Spokesman
April 4, 2008

Today Senator Hillary Clinton and President Bill Clinton are releasing their tax returns for the years 2000 through 2006, and are providing information regarding their 2007 taxes as well.

The Clintons have now made public thirty years of tax returns, a record matched by few people in public service. None of Hillary Clinton's presidential opponents have revealed anything close to this amount of personal financial information.

What the Clintons' tax returns show is that they paid more than $33,000,000 in federal taxes and donated more than $10,000,000 to charities over the past eight years. They paid taxes and made charitable contributions at a higher rate than taxpayers at their income level.

TAXES PAID: $33,783,507

The Clintons paid $33,783,507 in federal taxes – 31% of their adjusted gross income. According to the most recent data available from the IRS, in 2005 taxpayers earning $10,000,000 or more paid on average 20.8% of their adjusted gross income in taxes.

CHARITABLE CONTRIBUTIONS: $10,256,741

The Clintons donated $10,256,741 to charity – 9.5% of their adjusted gross income. According to the most recent data available from the IRS, in 2005 taxpayers earning $10,000,000 or more contributed 3.1% of their adjusted gross income in cash contributions to charity. Information about the Clinton Family Foundation, including a list of charities to which the Clintons contributed through the Foundation, is available online in the Foundation's publicly available tax returns (www.foundationcenter.org).

AFTER TAX EARNINGS: $57,157,297

CUMULATIVE TOTAL(GROSS) INCOME: $109,175,175

Including, among other items:

Senator Clinton's Senate Salary: $1,051,606
President Clinton's Presidential Pension: $1,217,250
Senator Clinton's Book Income: $10,457,083
President Clinton's Book Income: $29,580,525
President Clinton's Speech Income: $51,855,599

SENATOR CLINTON'S BOOK INCOME: $10,457,083

Senator Clinton's book income is comprised of earnings for Living History ($10,267,895), including an $8,000,000 advance, and It Takes a Village ($189,188). The earnings for It Takes a Village were donated to charity. Since the release of It Takes a Village in 1996, Senator Clinton has donated over $1,100,000 to charity.

PRESIDENT CLINTON'S BOOK INCOME: $29,580,525

President Clinton's book income is comprised of earnings for My Life ($23,280,525), including a $15,000,000 advance, and Giving ($6,300,000). The President donated $1,000,000 of his income from Giving in 2007 to charity.

PRESIDENT CLINTON'S SPEECH INCOME: $51,855,599

NOTE: The figures in this summary include 2007 estimates.

Annual tax information is available for download below:

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007
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Filed under: Hillary Clinton
soundoff (689 Responses)
  1. JFK

    This is news how? They earned their money and I am not going to begrudge anyone that. I just laugh at Obama-ites and their cultish following Barrack has created. They are are all so negative its hysterical!

    April 4, 2008 06:05 pm at 6:05 pm |
  2. ljmoon

    The Clintons released from 2000 to 2006....and matched the Obama's returns at that....neither has released the 2007 records yet.....
    As for the 30 years of public records that the cynics here keep wondering about, well, before 2000, Bill Clinton was president and before that he was governor of Arkansas....which means that all those tax records have ALWAYS been public....So, sorry folks, no smoking gun here nor conspiracy theory......so lets move on to something else to complain about, why not just embrace the fact that you love to hate her and move on and keep rooting for McGovern....I mean Obama...
    HILLARY '08

    April 4, 2008 06:05 pm at 6:05 pm |
  3. Tom Wilson, Boulder, CO

    Clinton 2012
    I hope the Obama people can shut up for a while. Oh, but of course not, we Democrats cannot possibly win an election! Forget the Presidency! This time, it's all about arrogance. Obama could offer Clinton the VP spot and it would be all over. It would unite the party. But Barack believes he is such a God that he doesn't need the 50% of Democrats who support Hillary. Just wait.

    April 4, 2008 06:05 pm at 6:05 pm |
  4. Maksym

    I just can't believe she released an ad earlier about how she "Knows How People Working Night Shift feel"

    Earning this kind of money and claiming you know how blue-collar worker feels, it's an insult.

    I don't know how she sleeps at night while releasing these kinds of ads.

    Barack Obama is a homeless man in comparison to her earnings.

    Just unbelievable.

    April 4, 2008 06:05 pm at 6:05 pm |
  5. Glen

    Wow!!!! Over a hundred million in 6 years! That is really good money management. Just what the U.S. needs. I read all the insulting comments about their earnings, how about complaining about those ceos, cofs that bankrupt businesses and get 200 Million, 140 Million and others who steal from the companies they control.

    Don't blame Clinton for something that Penn did, his trip was totally
    separate from campaign business.

    Be happy for other people's success, we can always benefit from it.
    What benefit do we get from the homeless, persons who are on welfare or illegal residents who get involved in crimes of all sorts.

    Please get real and think about the more important things and stop the nit-picking. Be appreciative of someone who takes all the flack and is willing to help all of us. THINK ABOUT IT!

    April 4, 2008 06:06 pm at 6:06 pm |
  6. Steve

    there are really alot of idiots on this board. funny how brave people are hiding behind an anonomous comment board

    April 4, 2008 06:06 pm at 6:06 pm |
  7. Emily

    Anybody find the over $51,000,000 Bill made for giving speeches bizarre? He got over $600,000 from special interest groups for one speech! What else were these special interest groups buying? Since Bill is no longer in public office, how will they be cashing in on these purchases?

    April 4, 2008 06:06 pm at 6:06 pm |
  8. Robin

    You Obama supporters sure are stuck on stupid. You are complaining about the money Bill makes from his speeches and books. I dont see you all complaining about JayZ or Diddy making millions. If you started making money like that, you wouldnt be saying a thing. How about if you were to get audited for the last 20 years, most of you probably lied....check yourself before checking others.

    GO Hillary

    April 4, 2008 06:06 pm at 6:06 pm |
  9. lem

    like or not this is about race. What if obama was a white man, Will you still vote for him ? I'll hope obama wins the nomination, because I'm pretty sure the republican machine will eat him alive. We already know who Hillary is, Do we know who is obama?

    April 4, 2008 06:06 pm at 6:06 pm |
  10. Jon R Holstrom

    Any thing to get these two back in Office, Please do it!

    I never felt safer in the US then when Bill was in Office,
    I dont see that changing with both Clinton's running the US of A!

    I dont think the the people are ready for that amount of safety,
    Safety is not something thats voted for, is it ?
    Money is always at the top when voting, pointless!
    Money here, money there, its gone befor you know it

    But its nice to dream,

    April 4, 2008 06:06 pm at 6:06 pm |
  11. jj

    OBAMAROBOTS – now please have BO release the details to Rezko!!!!

    April 4, 2008 06:06 pm at 6:06 pm |
  12. rafael

    Typical cheaters return. Pay yourself to run a charity with your own money to which you give money for a tax deduction. Include all your travel expenses and goodwill tours. Typical charity begins at home tax shelter schemes.

    April 4, 2008 06:07 pm at 6:07 pm |
  13. Ed

    All of you whining conservatives will never believe anything good about any liberal named Clinton or anything else. You should be thankful that we don't have another Bush in the wings just waiting to see what else they can do to finish ruining this country. George W. has almost put the finishing touches on the job of despair that McCain is waiting anxiously to finish. Not named Bush but close enough to bring us all the way down.

    April 4, 2008 06:07 pm at 6:07 pm |
  14. Gail

    They paid 33.8 million in taxes federal

    They gave 10.5 million in charity

    I wouldn't call them Greety! Would you?

    They make alot of money I didn't know that the American People

    see that as a bad thing. I thought this is American land of the free with
    opportunitys to make as much money as you can.

    April 4, 2008 06:07 pm at 6:07 pm |
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