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. Jim

    You know, some of my best friends are rich. Just because they have money now doesn't mean they've forgotten what it is like to not have any. Does everyone remember the pictures of them in the 80's and 90's? Hillary went to college on a scholarship, her family wasn't rich. She has worked hard and devoted her life to public service.

    This hate speech is just the Obama people trying to convince themselves that they are right... Unfortunately, they are wrong about the Clintons and wrong on how to change this country. We are all back in the playground at school, let's try and get along.

    Thanks for reading.

    April 4, 2008 05:29 pm at 5:29 pm |
  2. stacy

    How much does a senator make?

    I am interested to see what others say after they have time to really look everything over.

    And Steph in Pa – Obama fans are not vile, hate spewing supporters. You should really watch the generalizations that you make.

    April 4, 2008 05:30 pm at 5:30 pm |
  3. Truth - Ny

    Suck em dry Hillary lol!!!
    Slurppp slurpppp slurppppppp

    April 4, 2008 05:30 pm at 5:30 pm |
  4. Kat, Huntington, West Virginia

    thank god now all you obama kids can get back to the real issues at hand-and say a thank you to Hillary for giving so much money to charity!

    April 4, 2008 05:30 pm at 5:30 pm |
  5. Pete

    Clinton supporter:

    "Also Obama people quit whinning.. They don't treat me right… Why did it take so long…. And Quit Lying.. how many bills was that you presented and authored in the 3 years you have been in the US SENATE not the I was here but didn't vote for anything hard in the Illinois Legislature?"

    Can someone translate this into English?

    April 4, 2008 05:30 pm at 5:30 pm |
  6. Beverly Baridon

    I'd like to see the income tax filings for the William M. Jefferson Foundation, which included enormous interational contributions in exchange for the ex-president's influence in business areas of other countries.

    April 4, 2008 05:30 pm at 5:30 pm |
  7. LM

    WOW – $ 109- MILLLION... no wonder she did not release them before
    Ohio, and now releases them on friday. sneaky...

    April 4, 2008 05:30 pm at 5:30 pm |
  8. Amy68

    Ok ignorant people, I'm a blue colar worker and I look at it this way if I made over 100 million in the last 8 years and I'm in my 60's I would be on a permanent vacation. Not wasting my time running for public office.

    Oh, unless I actually cared about helping the less fortunate get healthcare, better jobs, education and so on…………

    You people are pathetic……if you had that kind of money I guarantee most of you would not donate 10million to charities.

    Deb

    You're so right and Hillary is most famous women in the world she don't need running for public office. unless reason you said .

    They help poor and black people for their whole life see what's they got

    I'm Asia -America

    April 4, 2008 05:30 pm at 5:30 pm |
  9. Sophia, Los Angeles

    They are getting P-A-I-D!!!!!!

    Thanks for disclosing them...I appreciate it!

    Still will never vote for you since you voted for the WAR without reading the intelligence report...

    BUT...

    Its great that you are realeasing the tax returns..GOOD JOB!!

    April 4, 2008 05:30 pm at 5:30 pm |
  10. Lea in NC

    Funny that with this much money this person STILL chooses to take attack after attack from the public as well as the media. You would think she would have kicked her ankles up on a beach like Obama did last week, huh?

    This person still chooses public life and wants the opportunity to run this country to SUCCESS. This person still chooses to make everyone in the USA's life better. This person wants to give you universal healthcare and take care of the poor vets coming home from Iraq injured for life. This super-wealthy person is willing to haul her butt around small towns in the USA for hours on a BUS. This is called pure ambition and STRENGTH of character. HILLARY 08, no one is tougher!!

    April 4, 2008 05:32 pm at 5:32 pm |
  11. mitch

    I'm sure obama gives 10% to his church but not to charity. the church is in greater need of the money, than the poor(sarcasm, for those who don't get it)! she did what obama's camp has been crying about all along. she is as translucent as you can get in politics considering that the media and public know about all of her intimate details. the obama supporters can continue to say that obama is translucent but we don't know a thing about him, except he was a community organizer and he did well in his speech courses in his ivy league school!

    April 4, 2008 05:32 pm at 5:32 pm |
  12. Ed

    Where's 2007's tax return? I'm sorry but a summary report just won't suffice. I really didn't expect to see the library donor list. A pattern of cherry picked truth continues. No change here.

    April 4, 2008 05:32 pm at 5:32 pm |
  13. Ron Brown

    Now the earmarks!

    April 4, 2008 05:32 pm at 5:32 pm |
  14. Laylah

    So... when does McCain join the party and release his tax info?

    April 4, 2008 05:33 pm at 5:33 pm |
  15. ca

    some hillary supported mentioned that obama gave only 1% to charity. please check the facts otherwise you show us a LIAR LIKE HILLARY :-) . obama contributed $240,000 to charity from their 1 million income – that comes out to be 24%.

    April 4, 2008 05:33 pm at 5:33 pm |
  16. Emile

    Is it a way to make us forget about the Penn scandal???

    April 4, 2008 05:33 pm at 5:33 pm |
  17. californiavoter

    break down her earnings by every minute of every single day. she's a hard working woman and certainly deserves every bit. i know in her heart she would love to give as much to the people she's working so hard to represent.

    April 4, 2008 05:33 pm at 5:33 pm |
  18. Doodle

    Yep, she's one of us.

    April 4, 2008 05:34 pm at 5:34 pm |
  19. Lee From Treasure Island Florida

    The Clintons do not care about America...just like Bush didn't
    NAFTA
    COLOMBIAN TRADE DEAL

    April 4, 2008 05:34 pm at 5:34 pm |
  20. Lois Blake

    How much did Obama and McCain give to charity? How about some figures on them.
    Thanks

    April 4, 2008 05:35 pm at 5:35 pm |
  21. Sean

    Ha ha....yeah....the Clintons have sacrificed so much, donating until all they have left is 90 million dollars. Such martyrs....

    April 4, 2008 05:35 pm at 5:35 pm |
  22. Wow

    109 M $$$$$$$$$$$$$$??????????????

    April 4, 2008 05:35 pm at 5:35 pm |
  23. DWC

    She releases them and some of you are still trying to find fault. Let's see Obama release ALL of his too!

    April 4, 2008 05:35 pm at 5:35 pm |
  24. Mike

    The reason it took so long was so her CPA's could fix the documents. Sad, but true.

    April 4, 2008 05:35 pm at 5:35 pm |
  25. INDY PENDENT

    What happened to all those deceased people that knew the Clintons from back in the Day. A pretty large list.

    April 4, 2008 05:35 pm at 5:35 pm |
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