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. disgruntled in CA

    What will Obama focus on now........for weeks he has been raving about her tax returns. well now they are out there...plus the 2007 ones.

    Also why did the newsweek article comparing Clinton and Obamas records not make more headlines.....oh yeah CNN is pro-Obama.

    Go Hillary!

    April 4, 2008 05:19 pm at 5:19 pm |
  2. Remembering Dr. King LA, CA

    TIMING:

    PERFECT TO DISTRACT FROM THE PENN SCANDAL.

    Another thing why are the Clintons & McCain wooing the blacks where Dr. King got shot. Why weren’t they there long before now. It's really said to see the people can only do something for blacks when they need their votes and when they get into office they go right back to doing Washington as usual.

    Shame on you Hillary & McCain, Shame on you...

    April 4, 2008 05:19 pm at 5:19 pm |
  3. WOW!

    33 Million dollars in TAXES??
    I will officially quit compaining about the two grand that just came out of my bonus check. (and be thankful that I get a bonus check!)
    If anyone can complain about how our tax dollars are spent, I think those two can sit soundly at the top of the list!

    And for those who think you can't have money and speak for the "poor", get real. And if you think Obama wouldn't command the same amount on a speaking tour after he leaves politics then you're delusional. Heck he wrote one book then bought a million dollar home. Hellloooo....Beuller?

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

    JUDICIAL WATCH IS ON THE CASE!

    April 4, 2008 05:19 pm at 5:19 pm |
  5. Sue, PA

    She'll need a Poverty Czar, just to find the people she never acknowledges, unless she's on the campaign trail.

    April 4, 2008 05:19 pm at 5:19 pm |
  6. Susan from Texas

    Go girl! Smarts=compensation. GW's dad borrowed all the money for him to blow in business deals gone bad–just like his administration. Hillary '08!

    April 4, 2008 05:19 pm at 5:19 pm |
  7. boosk

    $52,000,000 from making speeches. It is pay back time for doing favours to the special interest groups and corporations while he was in office. He is as corrupt as the leaders in the 3rd world countries!

    boosk, Utah

    April 4, 2008 05:19 pm at 5:19 pm |
  8. ROXANNE

    Now Obama, release all your real estate deals with Rezco. How did you pay for the house and the extra lans, funded by what or by whom? Was there any quid pro quo between you and Rezco. Questions! Questions!

    What exactly did you hear Pastor Wright say? Why did you expose your two girls all their lives to this anti-American, racist man?

    Questions! Questions that the media never asks! They have now become a pathetic bunch of your cool-aid drinkers, so please, let me the small person ask you myself because I just have to know before this fall. It is imperative that I do!

    April 4, 2008 05:19 pm at 5:19 pm |
  9. sue

    To all you pro-Obama anti Hillary people, you people have been saying bad things about Hillary in the past for not releasing her tax returns. Now Hillary released her tax returns and it has proven to you all that she is cleaned. She and Bill earned most of their money from their books. Hillary made $10 million from her book "Living History" and she donated all of the earnings from her second book "It Takes A Village" to charity... I am deeply move by her generousity. The 5 million she loaned to her campaign is from her own hard earned money. So, you have falsely attacked a very honorable candidate, Hillary. Shame on you Obamabots!!!

    April 4, 2008 05:19 pm at 5:19 pm |
  10. GJ

    Nice try Hillary .... we wont forget your Cheif Strategit is pro-Nafta....

    You know what they say you tell a lot by the company you keep. .. or in this case hire.

    I think you just did yourself a great "mis-service". Do you really believe all the people (read: zealots) on the blogs are not going to analyze your retruns and post any tidbit that is news worthy .... which some news org will pick up and run with after which it will spread to every channel and paper.

    Releasing potentially damaging info is so 1970. You are really out of touch... your time is gone .....

    April 4, 2008 05:19 pm at 5:19 pm |
  11. NObama

    Hey all the haters,

    If you really have problem with people earning more money than you, then you should look at all the US executives who earns several times in one year more than Bill and Hillary just in six year. 109 million is 6 years' income; and those Wall Street CEOs' earn 500 million in ONE YEAR.

    If you want to do sth about the inequility, please never vote for the Republican who are the protectors of the Wall Street CEOs.

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

    I don't get Obama supporters. Why are you so bitter and spiteful? There is a collective immaturity seen in Obama supporter posts. I don't get it. I am a loyal Clinton supporter, but I don't bash Obama. And, I will support him if he turns out to be the nominee. These are too very good people (candidates) who each deserve respect. It is disappointing to hear such negativity coming from fellow Democrats.

    Regarding the Clinton tax returns, I am even more impressed by their putting their money where their mouth is in giving over $10 million to charities. Awesome!

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

    she is is dirty politician with a dirty mind. GO AWAY.........pls ........I can see you no more.....

    April 4, 2008 05:20 pm at 5:20 pm |
  14. Gil - California

    So what was the delay in the first place? She could avoided this whole thing had she just released these earlier.

    April 4, 2008 05:20 pm at 5:20 pm |
  15. Voice of Reason

    THIS WILL NOT POST. I AM SURE OF IT.

    I defiantly am not a fan of FOX NEWS, but I just finished taking a look at their blogs and was surprised by their civility.

    PLEASE stop fighting! Please. We have far much more in common than we have differences. Please. We have to come together for this nation. We know that the issues are very similar so STOP IT. We are behaving like spoiled little brats, or Yankees vs. Red Sox. If we can not find end roads between us their will be a split within the party so deep we will feel it for an entire generation.

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

    The list of major donors to the Clinton Presidential Library has yet to be released.

    HAHAHAHAHA.....How convenient !!!

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

    Bill give us the donors for your library and how you, and Hillary made such amount of money...What of 2007 returns?

    April 4, 2008 05:20 pm at 5:20 pm |
  18. Trish- PA

    And by the way, where are their returns from 2007? That is what everyone was waiting to see. That's where the dirt is. Can anyone say "extension?"

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

    How can someone who makes that kind of money even begin to understand what it is like to struggle with day to day living?

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

    To the Obama Camp and supporters; SHUT-UP ALREADY!

    As the article says: “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.”

    Whether you make $109,million or $109,K How many of you idiots have such a record.

    Never mind tax returns, eventually it gets done and paid.........Obama suppoters should worry about a church that teaches it's fowollers hate and racisim. For that matter how many more churches are out there with a Rev. Wright at the pulpit. THAT IS MORE SERIOUS.

    April 4, 2008 05:20 pm at 5:20 pm |
  21. White House Money Making Scheme

    No wonder she's fighting so hard to get back into the White House, it's been good to them.

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

    hey mark penn may be you can help spend 109 million on drugs when you decide to open free trade with columbia. HHHHHMMMM what does columbia have that they want. I am gonna bet it is not coffee

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

    No wonder why that the Clintons are fighting to get the nominations. There are world of opportunities after leaving office.

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

    Steph in Pa

    Senator Obama has two small children!!!

    April 4, 2008 05:22 pm at 5:22 pm |
  25. Not Affiliated with Any Political Party

    As an American I am still constantly surprised how naive Americans are. Reading the infantile perspectives of all these posts reinforces my wish for citizen testing for everyone. Failure of the test would result in loss of American citizenship.

    The Democrats could have had this election handed to them on a platter but the innate divisiveness and petty hatred of their own self-absorbed members threatens to sabotage it. Either Obama or Clinton would do a good job.

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