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
Paid for by Hillary Clinton for President Terms of Service | Privacy Policy | Contact Us


Filed under: Hillary Clinton
soundoff (689 Responses)
  1. EJ - Ohio

    Senator Clinton, can I borrow just $4,000? I'll pay you back if I ever get a job here in Ohio. Of course you can always just give it as a gift!

    April 4, 2008 05:06 pm at 5:06 pm |
  2. Michele from OH

    Good for you Hillary!! Funny how all the Obama supporters who kept running their mouths about releasing your tax returns are now running their mouths about something else you need to release. I guess they will never be satisfied. They more than likely thought you would never release them, but you sure did prove them wrong. I can't wait to see how the pundits try to spin this into a negative story for her.

    April 4, 2008 05:06 pm at 5:06 pm |
  3. Janet

    I could really care less what Hillary's tax returns say. What I want to know is this, why is Mr. Kahl the day-to-day coordinator for Obama's working group in Iraq, saying perhaps we need to keep 60,000 to 80,000 forces there until 2010. Check it out on Huffington.com

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

    Look for it to come out (just heard it on news) that perhaps $15 million made by Bill, came from head of Dubai, who remember wanted to buy ports.

    Potential president of US has a spouse making $15 million of personal income from Emir of Dubai.

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

    This goes to both the Clinton and Obama "fans" – I really really want to say supporters but your comments sound like fans at a football game (is this what politics have been reduced to?). You are looking like fools. Everytime someone doesn't like your candidate they are a "Republican" in disguise? PLEASE. I was planning to vote Democrat this year – George W is a failure no qualms about it. But I do not believe in the party system and I make my decision by CANDIDATE (I know a novel idea actually voting for the person rather than blindly voting on an outdated party system- WHAT IS WRONG WITH PEOPLE?).

    Anyhow you (both sides) have made me never want to vote Democrat again – your party appears unorganized, uninformed and unable to win an election that should have been a given. Squabbling over tax returns? What about the economy? What about health care? What will each candidate do for us?

    BTW – the argument that McCain is a second Bush is ridiculous. You need something better than that to win and to get me and others like me back to looking at either of yoru candidates seriously (I belong to an Independent political group BTW – of MODERATES). Good luck digging your way out Dems. I see little chance but who knows.

    April 4, 2008 05:06 pm at 5:06 pm |
  6. Doberry01

    Wow she finally did something ethical!

    Did anyone realize that the ad on CNN regarding Hillary taxes was paid for by her campaign? Look for yourself; it states it at the very bottom of the ad. No wonder it was full of so much positive “charity” spin.

    I'm a lady and let me tell you, she doesn't make me proud one bit! She is too negative for me.

    April 4, 2008 05:06 pm at 5:06 pm |
  7. Brandon Boggs

    Most of Barack Obamas supporters are just kids in College at 18-22 years old. They are the new generation of kids that have been sucked into the hip hop generation and dont know much about politics. How could you not support Clinton? She is the better candidate. Anybody with any real sense in their head knows that. And as far as either of the candidates go. Which one can relate to blue coller workers? Neither one can, they both went to the best Colleges in the country. Blue coller workers and their children could never afford to attend these colleges. And most of them couldnt afford college at all.
    BRANDON BOGGS for president '08

    April 4, 2008 05:06 pm at 5:06 pm |
  8. Pete in Wilkes-Barre

    Oh how nice – they gave 10%....of almost ONE-HUNDRED TEN MILLION. You almost have to in that bracket. Give it to charity and get kudos, or give it to the IRS and get a receipt.

    The rich get richer. We need change!

    April 4, 2008 05:06 pm at 5:06 pm |
  9. Politics win Intensions

    How can Bill and Hillary say that they are fighting for the blue-collar worker when they are using their acquired position to dupe the people? Most politicians are hypocrites. No wander Hillary loaned her campaign $5 million dollars, with the expectation of buying the presidency, and increasing the money by 100 folds – Shame on you Hillary.

    April 4, 2008 05:06 pm at 5:06 pm |
  10. Marie SC

    The Obama's paid 28% tax on their income and the Clinton's paid 30% tax on their income. Pretty much right in line with the tax laws, I'd say.

    I couldn't find where the Obama's donated any money to any charity - does anyone know if they did? The Clinton's donated lots of money to charity, according to their tax returns.

    Go Hillary!!

    April 4, 2008 05:06 pm at 5:06 pm |
  11. The Man

    All of the hate between both supporters. Congratulations Clinton, you ran a horrible campaign and lost and because you feel entitled, you put the entire party through this, knowing in the end you wont win anyways.

    Whats more, you think your tactics will work by keeping Obama from winning the GE, so you can run again in 2012. DO YOU THINK ANYONE IS GOING TO SUPPORT YOU RUNNING EVER AGAIN?

    The country is ready to move past the Clintons, most of us already have.

    April 4, 2008 05:06 pm at 5:06 pm |
  12. Utah Teacher

    What now Hillary Haters? Did Lord Obama give so much to charity?

    April 4, 2008 05:07 pm at 5:07 pm |
  13. RJ

    You go girl!!

    April 4, 2008 05:07 pm at 5:07 pm |
  14. R Garcia

    That's just their income. Not including their income of all their corporations, llc's, etc. Which are filed seperately for tax purposes. Those are the BIG tax shelters. They probably have twice that looped around somewhere. How convenient to wait and make them look as little as possible, and it still comes to over 100 million? She can't even pay campaign debts to companies! Really for the american people? Not really. No Democratic nominee has ever been that rich running for president, ever.

    April 4, 2008 05:07 pm at 5:07 pm |
  15. Carlos, NY

    They are worth $109 million and asking blue collar families to give their last $5 for her campaign???

    April 4, 2008 05:07 pm at 5:07 pm |
  16. Chicago

    With the risk of sounding like an ingrate, WHERE ARE THE 2007 TAX RETURNS? That was a banner year for 'ol race-card bubba.

    April 4, 2008 05:07 pm at 5:07 pm |
  17. Obama must quit

    You Obama people asked that she release her returns, now that she has, you keep bashing and criticizing her. WHY do you think everyone is on the Obama bandwagon......because the Republicans know that they cannot beat Clinton, WAKE up people!!!!!!!!! If you want More of the same McCain, then vote Obama..............GEEZ!!!

    April 4, 2008 05:07 pm at 5:07 pm |
  18. Marjon

    A newsanker once told that if you have important news that you do not want many people to jump on...release it on a friday night...

    And well yes there are miss sniperfire's tax returns on a friday night....

    April 4, 2008 05:07 pm at 5:07 pm |
  19. Lawrence

    I'm an Obama supporter, but I have to say it is good to see that the Clintons gave 10% of their earnings to charity.

    I keep seeing the dark side of Hillary in this campaign. it's nice to see a ray of light.

    But, on the dark side, the story about Mark Penn, her top campaign strategist having Columbia as a client and trying to negotiate a trade deal, while she is publicly opposed to it, is a problem.

    Mark Penn is the CEO of a lobbist group that is representing foreign governments in trade affairs. I just wonder how much influence Penn would have in a Clinton White House. and why would Clinton put him in charge of her campaign, given his obvious conflicts of interest?

    April 4, 2008 05:07 pm at 5:07 pm |
  20. becky

    Kirt In New York: We sure are...We need to become Hillary and watch the people believe every word we say....lie....lie...lie...and let some tears flow...And we can rake in the money.

    I am glad she released her tax documents that still does not erase the day...CNN I hope you do not drop the Penn and Leno thing over the tax documents which of course we knew would not tell us a thing.

    They was waiting for something big to bring them down and then they would cover it up with the tax papers....Good going Hillary.

    April 4, 2008 05:07 pm at 5:07 pm |
  21. Amy Kathleen

    "The last thing we need is a whiner in the White House."

    I agree. Which is why Hillary is a definite no. "The press picks on me, there is a bias! That's none of your business!"

    Lady, you think it's bad now? They haven't even warmed up! Just wait, or not. Clearly, she can't handle it. Glad that all the pressure finally made her play by the rules. But I don't have the energy to watch Hillary fight against doing the right thing because "she's special" for four whole years. I mean, why did it take that long?

    April 4, 2008 05:08 pm at 5:08 pm |
  22. scbrown

    0BAMA NEEDS TO RELEASE:

    REZKO FUNDRAISING DONOR LIST–FUNDERAISNG HE DID FOR OBAMA AS STATE SENATOR!

    OBAMA AND REZKO PROJECTS FILES, LIST AND BILLING STATEMENTS! -– OBAMA SAID HE DIDN'T KNOW THAT REZKO'S TENANTS LIVED IN A SLUM

    STATE SENATE RECORDS!

    20 YEARS TAX RETURNS!

    QUOTE FROM POLITICO

    "...It doesn’t include any cash Rezko raised for the Illinois state legislative campaigns of Obama, now a U.S. senator running for president, nor does it include all contributions made to Obama’s federal races by Rezko-linked donors..."

    April 4, 2008 05:08 pm at 5:08 pm |
  23. She Can't Win

    Rasmussen recently released a poll that showed that only 56% of Hillary supporters would vote for Obama.

    On the other side, 68% of Obama supporters would vote for Hillary.

    To the Hillary fans: why do you care more about her than about your own party?

    You know she cannot win without disenfranchising the majority of Democratic voters. Just do the math. So, either you want to disenfranchise the majority of Democratic voters, or you want to continue battering the eventual Democratic nominee making it that much harder to put a Democrat in the White House.

    Another question for all the Hillary fans out there. Why do you think the Republicans are turning out in droves to vote for her? Why did they push her over the top in Texas? Why is RUSH LIMBAUGH supporting her? BECAUSE THEY KNOW THEY CAN BEAT HER AND THEY WANT HER TO KEEP ATTACKING OBAMA SO THEY DON'T HAVE TO.

    A vote for Hillary is a vote for McCain.

    Why are all you Hillary supporters standing with Rush Limbaugh?

    Oh yeah, and watch out for all those invisible snipers. Especially if you're meeting with an 8 year old.

    April 4, 2008 05:08 pm at 5:08 pm |
  24. Mani, NJ

    Now I hope this can shut up the media and Obama and please do not hate on Bill and Hillary for knowing how to make money.

    April 4, 2008 05:08 pm at 5:08 pm |
  25. Mon

    Hahahahaha....Clinton sure knows how to distract voters.....and inturn mislead them...releasing her tax returns today just so that focus turns away from the Mark Penn issue...but Obama doesn't go 'Shame on you Hilary!' .........that just tells you a lot about the difference in these candidates.....

    Obama 08 !

    April 4, 2008 05:08 pm at 5:08 pm |
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28