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. Steve

    These are some deluded Hillary campaigners. Barack Obama cannot release as much tax returns as Hillary...Because he's 20 years younger!!!!

    Alright, Hillary just did what everyone else did 4 months ago, or earlier. And she did it on a day of rememberance/friday afternoon, with a jab at Obama, and to obscure a Penn scandal.

    Let's be fair though: She should not release anything else until Obama does.

    Obama released his earmarks a while ago. Hillary show us those earmarks.

    April 4, 2008 05:13 pm at 5:13 pm |
  2. tony

    109 million no wonder you did not want to release them because your crooked!!! the love of money and lies....but you make your supporters pay for your campaign blue collar workers....and i bet you will reburse the 5million of your own money that you put from the people donations made to you. i am sorry i am a blue collar worker i can't relate to you any more hillary!!! say good by to my vote.

    April 4, 2008 05:13 pm at 5:13 pm |
  3. Pate

    How did they make such enornous money?.....What 're they doing and what transactions 're they into...the public serves to know?....Where is 2007 tax returns? I hope CNN will continue this news next week and analysis the tax returns..

    April 4, 2008 05:13 pm at 5:13 pm |
  4. Still A Liar

    Yes, she really cares about the high cost of living for us all–NOT.

    The only reason she gives to charity is to look good. She couldn't care less about people.

    Obama 08

    April 4, 2008 05:13 pm at 5:13 pm |
  5. Thomas, LA

    Holy cats!! $109 million?
    No wonder the Clintons are so completely out of touch with normal every day Americans.
    How can you possibly thing Hillary will fight for the average guy?
    She'll never fight for the working person and struggling family.

    April 4, 2008 05:13 pm at 5:13 pm |
  6. JR

    At long last....funny, at 109 million dollars..i should trust her to know what's best for the everyday american?

    April 4, 2008 05:13 pm at 5:13 pm |
  7. Monopoly

    This was Hillary's last best get out of jail free card to Distract from the Penn scandal. It makes cents...

    April 4, 2008 05:13 pm at 5:13 pm |
  8. favour

    whoa, what a distration from the mark Penn issue. well with time we all will know if she do not ( mis-speak) doctored the tax returns.

    April 4, 2008 05:13 pm at 5:13 pm |
  9. Mani, NJ

    I want to be like Bill and Hill when I grow up.

    April 4, 2008 05:14 pm at 5:14 pm |
  10. Ben, IL

    $109 million... I wonder how all the Ohio voters are feeling now... Duped?

    April 4, 2008 05:14 pm at 5:14 pm |
  11. John

    How much of the 10 million charity was flipped into the Clintion library as a tax-exempt donation? It's called tax avoidance...with perks!

    C'mon now...it's the Clintons!!!

    April 4, 2008 05:14 pm at 5:14 pm |
  12. Nik

    Hillary is no longer relevant.

    April 4, 2008 05:14 pm at 5:14 pm |
  13. King of NJ

    enron fuzzy math accounting... lets get to digging for those 1 million dollar speches in Arabia bill list that! its on now!!

    April 4, 2008 05:14 pm at 5:14 pm |
  14. LATINA VOTER - CALIF

    NOW OBAMA SUPPORTERS
    LETS MOVE ON TO THE REAL ISSUES???
    HILLARY IS A PROUD AMERICAN
    AND IS RUNNING TO OUR COUNTRY BACK IN ORDER
    SHE DOESNT NEED TO DO THIS
    BUT SHE WANTS TO HELP THE AMERICAN PEOPLE
    SO EVERYONE NEEDS TO WAKE UP AND THINK
    ABOUT THE CHOICES WE AS AMERICANS ARE GOING TO MAKE
    LETS VOTE FOR HILLARY AND GET IT DONE

    HILLARY '08

    April 4, 2008 05:14 pm at 5:14 pm |
  15. Disbelief

    Just in case you wanted to know, It is reported that Obama gave over 240,000 to charity last year

    April 4, 2008 05:14 pm at 5:14 pm |
  16. Chris

    Lets see if I donate 10% of my salary that puts me below the poverty line....Clinton donates 10% and she still has 90 million plus to play with and all of a sudden she's this great humanitarian......I think a lot of people fail to realize that charitable donations are tax write-offs.....I still don't trust Clinton, even if you release all of your information unaltered, you still are a liar, double-talking, oily, spoiled, and arrogant.

    Oh and all you Hillary and Obama supporters keep taking shots at one another and continue to eat each other alive......McCain 2008!!!!!!

    April 4, 2008 05:15 pm at 5:15 pm |
  17. White Independent

    Think maybe shes trying to distract CNN from this...
    Hillary Campaign Busted: Colombia NAFTA Scandal Brewing; KathyM, Fri Apr 04, 2008 at 10:55:14 AM EST.
    Where are they getting their kickbacks from, errrr I mean who is the financial genius in that family? Between the two of them they had an annual salary of 348,700 and they were able to turn that into 109 million. BRILLIANT!!!

    April 4, 2008 05:15 pm at 5:15 pm |
  18. Kathie

    I wished hillary had done so earlier, if for no other reason then to shut OBAMA and CNN up !!!! Funny, how Hillary ONLY get negitive press while Obama ONLY gets positive press. No scandles, no worng doings have been PROVEN on Hillary and they HAVE been on Obama and yet HIS skelatons are always over looked and swept under the media carpet. Do all of you fools not see ?? It is well known fact that the vast majority of the MEDIA is Republican. Of course they are pushing for Obama, they KNOW Mccain WILL beat him and that McCain can NOT beat Hillary. Just wait and see.

    April 4, 2008 05:15 pm at 5:15 pm |
  19. billary sucks

    I hate her more than anybody. she releases her tax returns now to distract the attention from Penn controversy. you can not be more deceitful that this. she has been beating around the bush for this date. she chooses to release them now.....man....I am done with this woman..Do we all look like bunch of ignorant fools to you,,,,,,,,

    April 4, 2008 05:15 pm at 5:15 pm |
  20. Ady

    Hillary no matter what you do, cnn and al tje pondants have this Election sewn for Obama. Poor Obama they will lift you up, and when they are ready to make you fall watch out you will fall "" BIG " . Hillary don't back down, keep doing what your'e doing, remember McCain they wrote him off, now look.
    Let them keep making Obama the poster boy, his fall unfortunately will be that much bigger.
    Go Hillary 08

    April 4, 2008 05:15 pm at 5:15 pm |
  21. Lesley

    Releasing returns on a Friday afternoon on a day the nation is remembering Martin Luther King Junior? 109 million? Who does she think she is fooling?

    Are American women that silly to want this person in office. She is just like Bush in a skirt (I mean pantsuit).

    I can't believe people would actually vote mccain over obama. He is the same as bush and the country will continue to plummet.

    ps the Bosnia sniper joke was sick. how can you joke about something like that when thousands of troops are facint that daily.

    sit down Billery and go take your meds. And I'm sure the returns are faulty anyways. Liars.

    April 4, 2008 05:15 pm at 5:15 pm |
  22. Jason

    A large % of Obama's donations went to Mr. Wright at the Trinity Church. So you could say that Obama help spread words of hate, and showed toleration for anti- American actions. Open your eyes america!

    April 4, 2008 05:15 pm at 5:15 pm |
  23. Janice

    Now all you Hillary haters can just shut up and let the Senator run a proper campaign without all these whining distractions!

    April 4, 2008 05:15 pm at 5:15 pm |
  24. Mad

    All those people scoffing where they earned so much from public service!, see they earned almost all from speeches and their books and not tax payers! Make constructive comments with some substance. M
    P.S I am not supporting either one.

    April 4, 2008 05:15 pm at 5:15 pm |
  25. Brian Anderson

    Are you all blind?

    Where did the money come from? Well it says right there: books, speaking, senate income, and presidential pension...

    How is it 30 years of tax returns? Well the public already has 1993-2000 and many years before that that were released when Bill ran for president.

    I dont support Obama or Clinton anymore, but stop being fools. So she made a lot of money, but she gave away 10% of her income. How many of you consistently do that? Stop trying to find everything, wether it be real or fictional (which a lot of your claims in the comments are well...fictional), to attack her with.

    Show me your tax returns now.

    April 4, 2008 05:15 pm at 5:15 pm |
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