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. Hal

    I'm ashamed of all the people who are sending these messages. All of them have so much hate in them that it frightens me. All the money that is spent on these campaigns is just wrong. If people have so much money to throw away on this why don't they give money to help our schools and to rebuild our highways and to help our children who need healthcare? Just think what 90 million would have done to help a few people who relly need help. All of you need to get a life.

    April 4, 2008 05:02 pm at 5:02 pm |
  2. a, holley

    Obama tax returns were released a long time ago Williams of Texas

    April 4, 2008 05:03 pm at 5:03 pm |
  3. Denise

    These returns were obviously released today to distract from the Mark Penn story.

    That is the true issue. Of the 303 comments (commenting was closed), almost all (including Clinton supporters) stated that Penn's actions were indefensible.

    Don't be distracted

    April 4, 2008 05:03 pm at 5:03 pm |
  4. President Obama (get used to it)

    Get used to saying President Obama because there is nothing in his way!

    April 4, 2008 05:03 pm at 5:03 pm |
  5. Karin

    some of these comments made here just seem so rediculous to me, those of you wondering how the Clintons made $109 million in 8 years should maybe read the whole story instead of the first paragraph.

    Oh and Patricia in Vegas....you say that the country doesn't need a" Privilaged rich person running the country" Well i say to you ...is Obama not privilaged and rich?

    Some of you people crack me up!!

    April 4, 2008 05:03 pm at 5:03 pm |
  6. james

    To:Steph in Pa
    Let me tell you something, they give income to charity so that they can avoid taxes and that doesn't mean a whole lot. I really want to see the tax releases of the big fat Rodham brothers – that will reveal something!!

    April 4, 2008 05:03 pm at 5:03 pm |
  7. S. Rice

    Mark Penn? Friday afternoon? Hmmm, nice to see the Bushes taught the Clintons well, or was the Clintons who taught the Bushes?

    April 4, 2008 05:03 pm at 5:03 pm |
  8. Daryl (WHITE) Chicago, IL (land of obama)

    Clinton: $109 million (book, Colombian government, Walmart, NAFTA nations, pharma companys, LOBBYISTS!)
    Obama $1 million (book)

    Who do you think understands average americans better?

    PS- OBAMA HAS NOTHING MORE TO RELEASE...income tax return, earmarks, etc...
    HILLARY- We still need your earmarks and who invested in the presidential library? I hope Columbia didn't!

    April 4, 2008 05:03 pm at 5:03 pm |
  9. Ben

    This was one thing which was holding me from supporting Hillary.
    Now it looks like they did make lots of legal money which i can't question, but 10% of income into charity is impressive.
    Addition to that, the time and energy they are giving to the AIDS foundation for Africa and Asia, and elsewhere.
    What can i say anymore! BRAVO!!

    April 4, 2008 05:04 pm at 5:04 pm |
  10. Sharon

    Hmmm....,

    Now just where oh where are those Illinois State Senate records of Senator Obama?

    April 4, 2008 05:04 pm at 5:04 pm |
  11. Chris In California

    Bless the Clintons! They put their money where their mouth is. While most people in their tax bracket gave around 3% to charity, they gave more than 9%. I think that says a lot. Almost ALL of Hillary Clinton's book earnings went to charity.

    I think the Clintons are not only great representatives of the people of this country, but that they are just great people all around.

    April 4, 2008 05:04 pm at 5:04 pm |
  12. Frank in Missouri

    Whooooo ... Millions over Millions for what kind of 'work' ?

    Does not sound like the 'blue collar workers' the Billaries pretend to be, does it ?

    April 4, 2008 05:04 pm at 5:04 pm |
  13. THE NAKED TRUTH!!!

    I see CNN you will not report anything or put my comments on you bloq since they are negative of CNN. Well stick Obama where the sun doesn't shine.

    April 4, 2008 05:04 pm at 5:04 pm |
  14. Marc

    Between Obama fans and Dick Morris it seems people can't grasp the obvious:

    BASKETBALL, FOOTBALL, BASEBALL, TENNIS, GOLF and more puts this money to shame.

    Yet, if you are entertained it's cool man.

    America–land that once held intelligence rapidly going down the drain.

    April 4, 2008 05:04 pm at 5:04 pm |
  15. Drew

    It wouldn't matter what the Clinton's did. Clinton haters will continue to be Clinton haters. Obama is unelectable in the General Election. Sooooooooo, when the Dems blow the election remember where you heard it.

    April 4, 2008 05:04 pm at 5:04 pm |
  16. Bros B4 Hos

    Thanks for playing Hillary, but its time to go home now.

    April 4, 2008 05:05 pm at 5:05 pm |
  17. Kim in NC

    Honestly people.

    What's with all the hating? We're on the same team. The personal attacks on those that don't happen to support your candidate need to stop now!

    April 4, 2008 05:05 pm at 5:05 pm |
  18. hannah

    if she has all that money why doesn't she pay those small business owners in Ohio and Iowa who she still owes money to?

    Answer the phone Clinton campaign. And pay your bills

    Obama '09

    April 4, 2008 05:05 pm at 5:05 pm |
  19. Michael Portland Maine

    How does this add up to 30 years?

    April 4, 2008 05:05 pm at 5:05 pm |
  20. Sophia

    It is always something with you people. She has now released 30 years of tax returns and that is not enough?

    Where is the income coming from? For those of you who can read & understand a tax return, the sources are summarized for you in the article.

    You people are unbelieveable....what's next??. There are comments about why today? She gives to charity, that's not enough, she should build a school or rebuild New Orleans....Are you guys for real???

    Please give Hillary a break today, please just 1 day without the hate!!!
    Thanks.

    April 4, 2008 05:05 pm at 5:05 pm |
  21. Chula

    Looks like the Clintons were MORE charitable than the Obama's!

    By the way now that the taxes are out, let's address some of the unanswered issues like:

    Judicial Watch, a government transparency and litigation group that's received significant amounts of funding from conservatives, has questioned Obamas own willingness to pull back the curtain on his own records.

    "It appears that Obama never kept records of his time in the Illinois state legislature, or he discarded them," wrote Judicial Watch president Tom Fitton in a recent newsletter. "Either way, he clearly intended to leave no paper trail."

    Fitton said that his group has been seeking Obama's records from his time as state senator between 1996 and 2004, but so far it's come up empty.

    So Obama.....time to turn the papers over....what are YOU hiding?

    April 4, 2008 05:05 pm at 5:05 pm |
  22. Michele

    Okay, if these people can make this much money for themselves, just think about what they can make for the country!!!

    Oh yeah! Go Hillary 08!

    April 4, 2008 05:06 pm at 5:06 pm |
  23. ramona

    O'Bama gave more to charity – do the math, you silly goose, Steph in Pa. Are all Pa. people so dense.

    April 4, 2008 05:06 pm at 5:06 pm |
  24. Basant

    To all pethetic tax cheater BHO suporters why not look into your tax return how much you cheated so far. I bet you doller you can not even file your tax return on your own and want to analyse thier tax return.
    Go Hillary.

    April 4, 2008 05:06 pm at 5:06 pm |
  25. John

    Perfect timing...MLK remeberation, Penn scandal, friday afternoon...

    April 4, 2008 05:06 pm at 5:06 pm |
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