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. Sophia

    This answer is for Matthew:
    "Did her campaign just say 30 years of tax returns:

    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.

    They obviously can't count too well. See delegate math as well."

    How old are you? The Clintons released there tax returns before the 8 years in the White House, during and after....now 30 years of return. Get it????

    April 4, 2008 05:11 pm at 5:11 pm |
  2. Vernon

    thank God this is over with!! The Obama camp can shut up and focus on the fact that he will never win a race against McCain!!!! I can care less about hilliarys taxes!! What does it have to do with running this country. Go Hilliary!!!!! We need someone that can win those electoral states and clearly Obama CAN:T!!!

    April 4, 2008 05:11 pm at 5:11 pm |
  3. caroline

    to Steph in Pa

    Don't you know that you can detract charity on your taxes? then...where is going this charity? to her library?

    April 4, 2008 05:11 pm at 5:11 pm |
  4. Monikca

    Hillarlies all of it. And these so called sisters stand behind it. I guess a lot can fit behind the "buttress"

    April 4, 2008 05:11 pm at 5:11 pm |
  5. kathy in ohio

    Lets talk about obama dropping in the polls
    Young mothers being punished with a baby
    His gun control flip flop
    War flip flop
    Nafta Flip flop
    No wonder he votes present

    April 4, 2008 05:11 pm at 5:11 pm |
  6. NON-Political

    I don't see how Hillary Clinton's tax return has anything to do with how good of a president she will be. Call me crazy but I thought it had something to do with experience, education, insight, wisdom, compasion and moderation. Go figure that the American society would put a Money Mark on it.

    April 4, 2008 05:11 pm at 5:11 pm |
  7. Liza

    I'm a die hard Barack Obama supporter. My view of the Clintons is in no way degraded anymore than it already is just because of the tax returns. Unless there is something they are hiding, I really don't know. From the looks of things, the Clinton's tax returns reveal nothing more than the fact she and Bill paid their taxes and made a hell of a lot of money by doing speeches and sellilng books–Oh, yes, perhaps Walmart stock too. This is perfectly legal, unless we find out they are involved in some Cayman Island scheme. Who knows.

    April 4, 2008 05:11 pm at 5:11 pm |
  8. NoHillary

    I can't believe that there are still people out there that actually think Hillary is going to win this! This is hilarious.

    April 4, 2008 05:11 pm at 5:11 pm |
  9. Former Clinton Supporter Houston TX

    sherrie50 April 4th, 2008 4:18 pm ET

    At least they gave to charity. What has Obama given to improve lives of Americans, probably minimal.

    Sherrie, Just because Obama did not go to work for corporate america he gave a larger percentage of his income to charity than the Clintons. He could've very easily sold his soul to big businesses just like the Clintons and have income over 13M plus each year.

    April 4, 2008 05:11 pm at 5:11 pm |
  10. Marc in DeKalb, IL

    Bill gets paid somewhere from 150,000 to 200,000 dollars per speech.

    Good lord!

    April 4, 2008 05:12 pm at 5:12 pm |
  11. Amy Kathleen

    Bill's pension is 1.2 million! Who decides these things? Why should he get over a million dollars a year to not work?

    Another reason not to trust the Washington insiders...

    April 4, 2008 05:12 pm at 5:12 pm |
  12. Susan MO

    Good Job Hillary!! You will be a good president. First thought about Obama, but he is 'too star struck', liking to be in the news a little too much. Not good for a president.

    We are now for CLINTON!

    April 4, 2008 05:12 pm at 5:12 pm |
  13. James

    Oh my God. The Clintons are very rich. How can they represent the ordinary Americans?

    April 4, 2008 05:12 pm at 5:12 pm |
  14. Joyce memphis, tn

    And this is why i HATE obamanites...for months they've been screaming "release your taxes." And now that she released them (in great detail) , they are complaining about her income. The Clintons got their money from speeches and book deals!!! CAN YOU READ???? Also, the article said that they have released a total of 30yrs of tax info SO FAR...Not today. You people are a bunch of ungrateful idiots!!!

    April 4, 2008 05:12 pm at 5:12 pm |
  15. Susan from Reno

    I think the Mark Penn meeting is a much more important story than the tax returns, and that the media needs to do a better job at investigating and reporting on the impact of Mark Penn's meeting in Colombia to promote free trade (a stance Hillary disagrees with.....as far as we know!) After all, he is Hillary Clinton's Chief Campaign Strategist - sheesh!

    April 4, 2008 05:12 pm at 5:12 pm |
  16. Dave

    The Obama's gave 25% of their income to charity, and their income was MUCH less than this. The Clintons giving 10% is still admirable, but if I were Clinton supporters I wouldn't crow about it too much, "Widow's Mite" and all...

    April 4, 2008 05:12 pm at 5:12 pm |
  17. Marvin

    I wonder if that kind of income means you are least likely to be influenced by lobbyist or because you’re accustomed to it, you are inclined to receive more benefits. Either way it’s hard for me to imagine how she can relate to people in the poverty level or just struggling to make it from pay check to pay check.

    April 4, 2008 05:12 pm at 5:12 pm |
  18. ALBO

    the main questions to be analyzed are:

    1) The list of final payers for Bill speaches (nearly half of the total)

    2) The detail of the remaing $ 15,000,000 not

    3) When the List of Donors for the Library becomes finally available.
    WHEN ?

    ALBO.

    April 4, 2008 05:12 pm at 5:12 pm |
  19. Lawrence

    Whoops! I didnt read that carefully enough.

    Where are the 2007 returns? Maybe something in there we shouldnt see?

    April 4, 2008 05:12 pm at 5:12 pm |
  20. Obama08

    i wonder how long Billary will be receiving kickbacks (I mean paid speaking engagements) from the special interest groups.

    April 4, 2008 05:12 pm at 5:12 pm |
  21. Sunny Sun Bristol, CT

    Yes, Hillary, you are amazing. We can not see even a little bit positive things about you here in any media. But you still tie with the media Darling Mr. Obama.

    What that mean?

    That means we people do not believe what they are talking about.

    That means people need you !

    Please go on and on and on !!!!!

    Thank you

    April 4, 2008 05:12 pm at 5:12 pm |
  22. Bosnian Sniper

    Ummm, why are HRC supporters so inspired that she released the same tax records that all the Democratic nominess (even Dennis Kucinich for Lord's sake!) released long ago? I'm not trying to be mean to her – honestly – but I see people on this site talking about how proud they are of her now. She waited longer than anyone else and then, bowing to pressure, released records. That's good that she did so. It's not what I think anyone would call inspiring.

    P.S. Has anyone verified how much she spent on flak-jackets?

    April 4, 2008 05:12 pm at 5:12 pm |
  23. Asian

    No what? that is the question to Obama's blind supporters. Some of you said Clintn made money from speech. Well, Karl Rove even makes money from speech. I hink Obama also makes money from speech, but I am not sure. By the way, he is trying to become the president of the US by selling his speech!!

    April 4, 2008 05:12 pm at 5:12 pm |
  24. Fowler

    How can someone so awash in cash can EVER know how an average income person survives?

    Folks, do not contribute to her campaign. She can run her own show.

    April 4, 2008 05:13 pm at 5:13 pm |
  25. the silly season

    Oh, if is Monday morning is bad,,, if is Friday after 4 they are hiding something... Who cares, for so many days pressuring to release the returns and now this?

    You OBAMA supporters are insane!!!!

    I feel the party was hijacked by a NUT-HOSPITAL… Stop Obama supporters or he will not have a chance in November if you people continue this insane venture of vial hate…

    seek help is called OBS…

    April 4, 2008 05:13 pm at 5:13 pm |
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