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. msk-

    Obama people never satisfied no matter what.

    Go Hillary 09

    April 4, 2008 04:44 pm at 4:44 pm |
  2. Maxine

    Great news Hillary, but I have one question, how did you and Bill make so much so soon? If I remember correctly when he left office he was millions into debt, due to all the lawyers they had to pay and the Jennifer Flowers payoff, Paula Jones also got a settlement. I want to learn how they made so much so quickly. I want to learn from them, so I can do the same.

    April 4, 2008 04:45 pm at 4:45 pm |
  3. Joanne

    Why is my comment not being posted.

    April 4, 2008 04:46 pm at 4:46 pm |
  4. Stephen

    wow, their are some really hateful comments coming the obama supporters in response to this. "she doctored the returns," "she only released them to distract voters from other issues," "she's too rich too identify with the blue collar worker."

    jesus christ, didn't she give you what you wanted? your irrational rantings make me ashamed to be a democrat.

    April 4, 2008 04:46 pm at 4:46 pm |
  5. Dem08

    For those of you on this Mark Penn issue.. Its been made clear that this has nothing to do with the Clinton Campaign. Just trying so hard to find something...Maybe you need to look at your choice.

    April 4, 2008 04:46 pm at 4:46 pm |
  6. R.A.

    I will wait and see til there is more details, but i find it very odd they they decide to do it while this penn thing is blowing up in their face

    April 4, 2008 04:46 pm at 4:46 pm |
  7. merlisa

    Those cheering the Clinton donations, look closely at who they donated to "The Clinton Family Foundation".

    And they or Chelsea can take salaries from their own private foundation.

    April 4, 2008 04:46 pm at 4:46 pm |
  8. Eddie B.

    $108 Millon!!! Wow! What are they doing to be rolling in that much dough? Unreal! They said they donated $10 million to charity. How? It is funny, how this is really under the radar. I don't see why blue collar workers identify with her at all.

    April 4, 2008 04:46 pm at 4:46 pm |
  9. Marc

    How much did Bill make on just speeches alone! Thats right workers in Ohio, can you say NAFTA. Can you also say bye bye to your jobs.

    April 4, 2008 04:46 pm at 4:46 pm |
  10. Patty Atlanta GA

    And she is supposed to understand the working people???

    April 4, 2008 04:47 pm at 4:47 pm |
  11. Michael in Columbus, Ohio

    She sure does know how to throw a distraction (Penn Hint Hint), at least she got enoughto borrow from.....

    April 4, 2008 04:47 pm at 4:47 pm |
  12. Patrick

    There you go again CNN(clinton news network) . Shame on you. This is major breaking news and you have it in small print.

    April 4, 2008 04:48 pm at 4:48 pm |
  13. Doug

    ....and John McCain's tax returns?

    April 4, 2008 04:48 pm at 4:48 pm |
  14. D

    109 million....WOW

    There will be a lot of questions how she made so much $$$

    April 4, 2008 04:48 pm at 4:48 pm |
  15. Hannah

    Unless you support her, Hillary will never make any of you happy. How many of you are willing to release your tax records?

    April 4, 2008 04:49 pm at 4:49 pm |
  16. Mr. Texas

    It is funny that the same people that loved the Clinton News Network CNN are now saying that they are bias toward Obama.....Although more people obviously bought Bills book...like the canidates it must be the content that is more impressive considering hObama won the award for his book

    April 4, 2008 04:49 pm at 4:49 pm |
  17. AD

    Good job Hillary! She is the most qualified to be next President.

    April 4, 2008 04:49 pm at 4:49 pm |
  18. kjm

    For those that can't read. It said 30 years of records because 20 years are already in public record. She did not have to release these 10 years. Senators do not... Look it up Also if you kept up the Clintons were forced to cash in Hedge funds that could be considered conflict of interest for her campaign....Hence a large amount of money last year. And Bill's book's, speaking etc and Senators make decent $$$.

    As for the Library who cares. Are you going to ask for Bush ( either) or Carter for their list of Library donators?

    Also Obama people quit whinning.. They don't treat me right... Why did it take so long.... And Quit Lying.. how many bills was that you presented and authored in the 3 years you have been in the US SENATE not the I was here but didn't vote for anything hard in the Illinois Legislature? Let us know why your smoke screen is cleared up. Oh that info was on cnn and msn yesterday in the political watch dog group. Numbers by the independant crunchers are not even close. Hillary twice as much work and authoring and bills past in the Big Boy league.

    April 4, 2008 04:50 pm at 4:50 pm |
  19. Amber

    Good Lawd folks! Who cares if they released them on a Friday!!!! Or a Thursday, or a Sunday, or a Monday. How absolutely retarded. Obviously, Obamabots can't find anything else to complain about. lol

    April 4, 2008 04:50 pm at 4:50 pm |
  20. Kevin

    Clintons donated 10% of income to Obama's 1%. Who cares more? It is really simple.

    April 4, 2008 04:50 pm at 4:50 pm |
  21. dre

    First you Obama supporters whine about releaseing the Tax records .. then you whine when they come out ... that last thing we need is a whiner in the WHite House

    April 4, 2008 04:51 pm at 4:51 pm |
  22. cookootoo

    HIllary, I am so proud to be supporting you. I don't understand nor do I care about your critics, I suspect most of them are just plain haters, probably republicans. Don't listen to the pundits! Listen to the voters! and by all means don't listen to the polls. Keep up the good hard work!

    April 4, 2008 04:51 pm at 4:51 pm |
  23. Jessica

    Wow, some of you are thick. Obama released his returns already. Try to keep up.

    April 4, 2008 04:51 pm at 4:51 pm |
  24. Deb, IN

    Ok ignorant people, I'm a blue colar worker and I look at it this way if I made over 100 million in the last 8 years and I'm in my 60's I would be on a permanent vacation. Not wasting my time running for public office.

    Oh, unless I actually cared about helping the less fortunate get healthcare, better jobs, education and so on............

    You people are pathetic......if you had that kind of money I guarantee most of you would not donate 10million to charities.

    April 4, 2008 04:52 pm at 4:52 pm |
  25. Steph in Pa

    WOW !!!

    Where are all the vile, hate spewing Obama supporters now !! Did Obama give nearly 10% of his income to charity? NOT !!

    April 4, 2008 04:52 pm at 4:52 pm |
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