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. Jon

    It's about time!

    April 4, 2008 04:14 pm at 4:14 pm |
  2. Jennifer

    Wow !!!!!!!!!!!!!!!!!!!!!!! That is a lot of money for someone who does not take money from lobbyists and other vested interest people.... or may that is not true. Well as far as I know they do not own run a manufacturing or service company.

    I am amazed how 109 MILLION was made in 8 years. Lots of favors I guess Hillary???????

    One more reason not to get my vote.

    April 4, 2008 04:15 pm at 4:15 pm |
  3. Robert Scofield Columbus, Ohio

    Ok, now that we have their tax returns, this will solve America's healthcare problems!

    April 4, 2008 04:15 pm at 4:15 pm |
  4. MP-Pennsylvania

    Let me see how much Bill pocketed by lobbying for Dubai as a former president. Isn't he a patriot?

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

    I guess it pays a lot of money to conspire against the workers of our Nation.

    April 4, 2008 04:15 pm at 4:15 pm |
  6. HRC Its Over

    Its on now!!!!!!!!!

    Can't wait to see whats in these returns.

    April 4, 2008 04:15 pm at 4:15 pm |
  7. hello

    Now start digging dirt and make this as a negative news.
    Hillary all the way 08, 12

    April 4, 2008 04:15 pm at 4:15 pm |
  8. Piper - Nebraska

    We'll never see that list of library donors.

    April 4, 2008 04:15 pm at 4:15 pm |
  9. GO AWAY OBAMA

    Now maybe Mr. "I've done nothing but i want to be president" can find something else to pout about.

    I know CNN wont post this because its not PRO Obama but I really dont' like Obama so it feels good just to write it to myself. LOL

    April 4, 2008 04:15 pm at 4:15 pm |
  10. Theo Varelas

    Another Lie, can't wait for people to start digging through them.

    April 4, 2008 04:15 pm at 4:15 pm |
  11. Teresa E. from CA

    So why the delay if there is nothing to hide? Probably because they had to "clean them up" first...

    April 4, 2008 04:15 pm at 4:15 pm |
  12. RENEA,PLYMOUTH,MI

    BILL CLINTONS BUSNESS DEALING WITH HIS PARTNER IN DUBAI BACK IN 2005 HAPPENED WHEN THE GOVERENMENT OF DUBAI WANTED TO BUY AMERICAN PORTS THAT CAUSED SO OUTRAGE IN THIS COUNTRY.

    April 4, 2008 04:15 pm at 4:15 pm |
  13. Elizabeth, minnesota

    I'm an Obama '08 fan but YAY that the Clintons put 10% of their income into charities! This doesn't include the tremendous work Bill Clinton has done with his foundation and book to get OTHERS to donate as well.

    April 4, 2008 04:16 pm at 4:16 pm |
  14. Oh! The Irony

    Typical Clinton. As if we'll forget about today's other news that her chief strategist is fighting for free trade with Columbia.

    Sen. Clinton's methods are clearly transparent if she isn't.

    April 4, 2008 04:16 pm at 4:16 pm |
  15. Obama is a Joke

    Hillary stuck to her words...now let's see Obama's and his real estate deal in Chicago.

    April 4, 2008 04:16 pm at 4:16 pm |
  16. Adam in Indy

    Now what Obamabots?????

    April 4, 2008 04:16 pm at 4:16 pm |
  17. Cayman Islands

    How much of that $109 million from offshore hedge funds, hmm?

    April 4, 2008 04:16 pm at 4:16 pm |
  18. DeniseGA

    It took so long to release them, I don't believe in the validity the returns!

    April 4, 2008 04:16 pm at 4:16 pm |
  19. Fired Up!

    Now we get to see just how far she is from the common person. $109 million in income. That seems pretty far.

    April 4, 2008 04:16 pm at 4:16 pm |
  20. MP

    Its really upsetting that Hillary lied to Ohio about Nafta. Its upsetting she accused the Obama campaign of talking to the Canadian goverment when it was her campaign that made that call. Its really upsetting that her campaign manager is meeting with Columbia about free trade. I hope she is being honest about these tax returns. This is the last straw, I'm so close to changeing my vote to Obama.

    April 4, 2008 04:16 pm at 4:16 pm |
  21. Craig, Seattle, WA

    NO OBAMA/RICHARDSON!.. I would rather vote for McCain!

    April 4, 2008 04:16 pm at 4:16 pm |
  22. Jay

    What PENN scandal are you talking about jl? There is no scandal...

    April 4, 2008 04:16 pm at 4:16 pm |
  23. Sunny

    Hillary`s 10% versus Obama`s 1% donated

    April 4, 2008 04:16 pm at 4:16 pm |
  24. Come On!

    Sorry Clinton...too little...too late.

    April 4, 2008 04:17 pm at 4:17 pm |
  25. Randle Bate

    Her tax returns have been released, but NOT THE NAME OF MAJOR DONORS to the Clinton Presidential Library. Look for some eye-opening revelations.

    April 4, 2008 04:17 pm at 4:17 pm |
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