April 4th, 2008
09:06 PM ET
6 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. Mjr MK Jenson, Fort Richardson

    To William in Texas asking for Obama to now release his... where have you been?

    He released his about a month ago!!

    --
    Soldiers 4 Barack '08

    April 4, 2008 04:39 pm at 4:39 pm |
  2. Obamista NYC

    No wonder there's so much poverty in the US.

    April 4, 2008 04:39 pm at 4:39 pm |
  3. Shawna

    Obama and his wife made 1 million dollars and that was a big increase because of his book sales, the clinton's are not seriously concerned with the blue collar worker's they seem more likely to be drinking latte's

    April 4, 2008 04:39 pm at 4:39 pm |
  4. Pete

    One-hundred and nine million dollars in 7 years...and that's just what they admit to.

    wow.

    nothing to see here folks, move along...
    OBAMA 08

    April 4, 2008 04:39 pm at 4:39 pm |
  5. Leslie, Summerville, SC

    Let's now see the king of transparency be transparent. How about his tax returns as far back as Hillary's are public? If not, then I think that says enough about who has the longer public service record, and the most experience.

    Put your tax returns where your mouth is, Barry Obama!!

    If not Hillary, then McCAIN!!!

    April 4, 2008 04:39 pm at 4:39 pm |
  6. Bjoel

    GO HILLARY!!!!!!!!!!!!!!!!!!!!!!!!!!!

    To the Obamaniacs

    April 4, 2008 04:39 pm at 4:39 pm |
  7. Anna

    Once again so many of the Obama supporter postings are disgraceful. This one of the reasons why come the fall, should Clinton not be the nominee 37% of Clinton supporters will help McCain win. Obama is not a uniter – his presence has been incredibly divisive. Shame on one and all of you. You clearly don't know dignity, such as the rise above it all stamina Hillary has, if it slapped you in the face.
    Hillary 08

    April 4, 2008 04:39 pm at 4:39 pm |
  8. Well, OK then...

    I don't think it's any surprise that the Clintons are wealthy. Who among us voters could afford to "lend" our pet project (in Hillary's case, her campaign) 5 million dollars. I have to say, they're worth even more than I expected. Without seeing these returns it was pretty obvious they're doing just fine, thank you very much.

    Now it makes me wonder how Hillary is going to continue to tell blue collar and other low-income workers how she understands our pain. Perhaps she realizes that in predominantly blue collar states like Pennsylvania, she's already lost the vote, so it doesn't make much difference to show that she is incredibly wealthy at this point.

    Thanks, Hillary, for finally showing what all the other candidates showed months ago. I'm not sure how much good it will do, but finally we're getting some real info.

    April 4, 2008 04:39 pm at 4:39 pm |
  9. Virginia Hallak

    I'm sick of Hillary whining. Obama and Richardson sounds great to me.

    April 4, 2008 04:39 pm at 4:39 pm |
  10. Clintopoly?

    Dang Hill, how many get out of jail free cards do you have up that pant suit??

    April 4, 2008 04:39 pm at 4:39 pm |
  11. Dina Phila., Pa

    It's about time...it took long enough to have her account fudge the numbers for the release. I know that she lies about everything...and these numbers are way less then what they really raked in. She and Bill are shady, and they have a shady accountant. Were these papers notarized?

    Obama can't go back as far has Hillary with returns....he's almost 20 years younger ;-) and he doesn't have any that far back.

    April 4, 2008 04:39 pm at 4:39 pm |
  12. Pat S

    If most of those who comment here and have a negative remark really did their homework they would find out Hillary Clinton is the best candidate to become the president. I commend her for releasing so many years of tax returns. The media will not cover her record of accomplishment or her solutions for important issues...they just say Obama and Clinton's are the same...no need to talk about it. Shame on you...the media for giiving us nothing but sound bites and out of context quotes. Hillary has clear well thought out plans and she has the record to back them up. The media is trying to tell us what to eat, where to sleep, what shampoo to use...and who to vote for. GET REAL VOTERS AND DO YOUR HOMEWORK! Hillary Clinton 2008!

    April 4, 2008 04:39 pm at 4:39 pm |
  13. KC

    William,
    Just in case you haven't noticed Obama already released his 2000-2006 more that a week ago. To some extent it does not really matter what is in them as some analysts state. It is the principle fact that post every one but her had released them. That was the problem. I'm glad she did now she can move on as well. it seems like there was nothing to hide. so why all the drama, just release them. I'm glad she did. now it's DONE

    April 4, 2008 04:39 pm at 4:39 pm |
  14. stef

    People...THEY MADE MOST OF THEIR MONEY FROM THEIR BOOKS. So shut up already.
    GO HILL.
    Obama is such a POSER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    April 4, 2008 04:39 pm at 4:39 pm |
  15. Jack

    Listen up! This is how it's gonna be from now on: Hillary doesn't release anything else until Obama releases what Hillary just did....

    So for all you people looking for donor lists and earmark stuff, put a sock in it!

    I call on Obama to release the dates he attended Rev. Wright's sermons.... let's see if this guy can man up and stop hiding behind the (racist) pulpit!

    Hillary '08!!

    April 4, 2008 04:39 pm at 4:39 pm |
  16. Viole

    Go Hillary!

    You are the best!

    April 4, 2008 04:40 pm at 4:40 pm |
  17. RT

    Where is 2007??!! That is the one that's important! You weren't running for president between 2000-2006!

    April 4, 2008 04:41 pm at 4:41 pm |
  18. Daniel

    109 Mil? This has all the bells and rings of fraud written all over it. Hold unto your hats, the truth will come out soon.

    April 4, 2008 04:41 pm at 4:41 pm |
  19. CG Houston, TX

    $109 Million in income! The Clinton's haven't a clue as to what it's like for us average Joe's and Joann's.

    April 4, 2008 04:43 pm at 4:43 pm |
  20. Utah Teacher

    Good, now all you haters will have to find something else to rant about...I'm sure you'll find something.

    April 4, 2008 04:43 pm at 4:43 pm |
  21. julia

    And what Obama expected to see???

    April 4, 2008 04:43 pm at 4:43 pm |
  22. She Can't Win

    To all the Hillary fans out there. What's more important to you? Hillary Clinton or your own party?

    SHE CAN'T WIN, GIVE IT UP ALREADY.

    April 4, 2008 04:43 pm at 4:43 pm |
  23. Letha, Sioux Falls, SD

    Do you people never read these articles? Clinton's taxes for the first 20 years are online and have been for all of this time. The records she just released are the ones the Obama people were whining about. She has done what she was asked to do and still it's not good enough to shut you Obamanation worshipers up. At least she gave to charity a huge amount of the income. Over $10 million is impressive and Obama gave how much? Wasn't it Only 1% Of Income To Charity reported by Bloomberg for the same time period and most of that to HIS church?

    April 4, 2008 04:44 pm at 4:44 pm |
  24. Arthur-Texas

    Is everybody happy now?

    April 4, 2008 04:44 pm at 4:44 pm |
  25. Jackie

    for the people on here calling for obama to release his returns - HE HAS. They are on his website.

    Pay SOME attention before you stick your foot in your mouth.

    April 4, 2008 04:44 pm at 4:44 pm |
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