April 4th, 2008
09:06 PM ET
7 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. James

    This looks like a typical retired CEO of any big company. Bill deserves the golden Parachute. Just think what their income will be like if they get another 8 years in office. 100million in 8 years will seem like a drop in a bucket. The Rich keep getting richer.

    April 4, 2008 05:36 pm at 5:36 pm |
  2. d.dee

    Are the Obamanics happy now? The Clintons have released more financial information than anyone in public office and they donated more to charity than anyone in their income bracket. These “pseudo-watch-dog" Obama supporters need to get over themselves. Let's see them publish 30 years of tax returns.

    And, why do Obama supporter begrudge the fact that the Clintons made a lot of money. They came from nothing, worked very hard all their lives and became very successful. Isn't that every American's dream?? I think they do understand hard working people – blue collar, white color, any color collar.

    I agree with Deb,IN.........if I made that kind of money, I'd be on a beach somewhere. The Clintons really care about this country and feel they an make improvements for people trying to live the American dream.

    April 4, 2008 05:36 pm at 5:36 pm |
  3. The truth hurts

    McCain lists his major sources of income as his Senate salary of $169,300

    Senator Clinton's Senate Salary: $1,051,606

    That doesn't look right – I have to do some research and get back on this one.

    April 4, 2008 05:36 pm at 5:36 pm |
  4. mary cann

    Sorry all you Obama folks, this will not cure the feeling of guilt. Hillary continues to show she is for real, not just a bunch of pretty speeches.

    April 4, 2008 05:36 pm at 5:36 pm |
  5. jane in fl

    WHO CARES ! ... ON TO PENNNSYLVANIA THE CONVENTION AND THE WHITE HOUSE. IF ONLY THE UNRELENTING PRESS WOULD LEAVE THE LADY ALONE.......WITH YOU ALL THE WAY HILLARY....

    April 4, 2008 05:36 pm at 5:36 pm |
  6. Edgar - Orlando, Florida

    Here is the difference between Obama and Hillary. Obama is words and Hillary is action!!!

    Way to go Clintons – you have lots of support down here in Florirda – many!!!!!

    April 4, 2008 05:36 pm at 5:36 pm |
  7. Jordan Fitzpatrick

    Steph in PA– last year the Obama's donated almost 25% of their income to charity. Check your facts before you post.

    April 4, 2008 05:36 pm at 5:36 pm |
  8. Adele

    Well if OBAMA was making 109 million am sure he will be making the same percentage in donation or even more. She should be donating more than 10%.

    April 4, 2008 05:36 pm at 5:36 pm |
  9. Dana

    Richer than Bush! Are you kidding me? Bush was born with a silver spoon in his mouth! Former President Clinton grew up with very little. He studied worked hard and became one of the best Presidents this country has ever seen. Who cares how much money Bill and Hillary have? How are they any different than the other politicans in Washington? The Clintons have a history of working to make America a place to be proud. Democrats, wake up and realize what we are doing. It makes me sick to read all the hate being spewed by the supporters of both Clinton and Obama.

    Hillary 08

    April 4, 2008 05:36 pm at 5:36 pm |
  10. chris

    Politically calculated distraction incase s&*T happened, like that Penn guy and on MLK/Friday when no one is paying attention. I remember her doing the same when the Bosnia issue came around by mentioning Wright after she said it's not for her campaign to speak about.

    She's a brilliant politician, but I don't want someone like this running our foreign affairs.

    April 4, 2008 05:36 pm at 5:36 pm |
  11. An American in Canada

    TEN MILLION DOLLARS TO CHARITY

    THEY SURE DO UNDERSTAND THE CHRISTIAN RESPONSIBILITY OF TITHING.

    AS CHRISTIANS, WE ARE ENCOURAGED TO GIVE 10 PERCENT TO CHARITY AS A WAY OF THANKING GOD FOR OUR BLESSINGS..

    April 4, 2008 05:37 pm at 5:37 pm |
  12. Lady in Ohio

    "Deb, IN" I agree!
    I'm so tired of listening to the Obama chit chat. When I see the news channels interview Obama supporters it makes me sick. Some of his supporters are bigger haters than his preacher!!

    Go Hillary!!

    April 4, 2008 05:37 pm at 5:37 pm |
  13. Sean

    I also see Hillary supporters here saying "who cares" about Clinton's library donors. I guess you're unaware that there were people who seem to have exchanged significant library donations for presidential pardons? If you don't care about that kind of a shady deal, then you probably shouldn't be voting.....

    April 4, 2008 05:37 pm at 5:37 pm |
  14. DWC

    By the way, how many poor people do you know who run for President? All of them are richer than we are, those who have been in office longer have just had more time to make the speech circuit and write books. I don't see any of Obama's supporters complain about how rich Ted Kennedy, John Kerry, or Oprah Winfrey are. Did anyone think they wouldn't show a lot of income!

    April 4, 2008 05:38 pm at 5:38 pm |
  15. ramona

    Thank you Cnn for reporting on the Penn story. Poor Hillary, caught in another lie trying to get out of it with saying she had no knowledge of it and blaming on someone else. Just like your Bosnia story – when will the deceit stop.

    April 4, 2008 05:38 pm at 5:38 pm |
  16. Sqj

    Hey, Deb, IN – I thoroughly agree! I think those spewing are simply jealous of the Clintons. Keep in mind that neither one of them was born into wealth – congratulations to them for their hard work to get them where they are – fighting for those who have been less fortunate and need jobs, healthcare, education, etc. What they have given to charity is amazing!!! You know, it doesn't matter if some of Bill's income was for speeches – obviously people want to hear him speak! It doesn't matter if some of their income was from the books they wrote – people bought them!!! These two people have come a long way from Arkansas and illinois, but it was not handed to them – they worked for it!!! When I see the Obama income and their charity funding, it is mediocre!!! So...................what else can one say? Go, Hillary!!!

    April 4, 2008 05:38 pm at 5:38 pm |
  17. VC

    Why do people hate and dislike so much? Why can't you just support your candidate without having to degrade the other? Humans are not very humane nor are they civilized. What happened to "do unto others as you would have them to unto you"? It's so sad that all of this bickering couldn't even come to a cease fire on this day.

    I support one of these democrats but if my candidate does not win, I will still vote for whomever does win the nomination. Holding grudges and being bitter is just so ugly and unhealthy.

    Start trying to be kinder to on another, stop with all the animosity.

    Just VOTE!

    April 4, 2008 05:38 pm at 5:38 pm |
  18. Huyn

    Everyday that I turn on CNN and see Hillary, I get so happy. She's my hero. Also, I hope that more and more Obama supporter begin to be transformed by him and what he represents instead of always misdirecting their energies on Hillary.

    April 4, 2008 05:38 pm at 5:38 pm |
  19. Tracy

    Cnn How about a story on the Penn Lobbyist case?

    April 4, 2008 05:39 pm at 5:39 pm |
  20. Vancity1975

    Looks like NAFTA wasn't that bad for the Clintons. $6 million earned in Canada is a nice chunk of change.

    April 4, 2008 05:40 pm at 5:40 pm |
  21. Smart1

    The only revealing thing from the returns is the amount of money at their disposal for paybacks, favors, and otherwise power to influence. I just hope the superdelagate's votes aren't bought.

    April 4, 2008 05:40 pm at 5:40 pm |
  22. gg.va

    good start . now where is 2007?

    April 4, 2008 05:40 pm at 5:40 pm |
  23. p.g.

    There is nothing wrong with working hard and making money. The Clintons gave a nice amount to charity!

    Hillary 2008

    April 4, 2008 05:40 pm at 5:40 pm |
  24. RFB

    Ok all you criers. She did it. But of course it still doesn't make you happy. All you can do is intimate that it was gotten dishonestly. Give it up and let's see obama match this submission of his financial information. Thirty years worth! DROOL!!!

    April 4, 2008 05:40 pm at 5:40 pm |
  25. Sonia CA

    GOOD FOR YOU HILLARY!! You and Bill had to work hard to get to where you are. You are very educated people, well connected with "real life", community and the World. I am again proud of you and if I would have that money I would also had donated 10 million.

    April 4, 2008 05:40 pm at 5:40 pm |
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