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. Anybody but McCain

    I hope Hillary rolls over Obama and his supporters in the near future like a Bradley tank moves through enemy fire. What putz's these people are about Hillary, and how ignorant they are about political realitity.
    I've never seen such an arrogant bunch of people, who usually have nothing of intelligence to say about their political positioning, or good reasons why they support Obama, other then the ridiculous media spin their 24/7 t.v. watching minds have been hypnotized by. What a Sorry bunch! They slander our ex-president, and defile an intelligent woman, who has had nothing but the best interests for the American public since she became involved in public service. You Obama people who say such nasty things about her are a sad lot.
    I won't go and vote for McCain if she loses the nomination, but I'll remember you Obama supporters, and secretly love it when his phoniness is revealed day by day in his presidency if he unbelievably gets past McCain, which he won't, let me tell you. Go to your churches sickos, and hope and pray that your sickening personalities are forgiven for what trash comes out of your mouths about things you know nothing about.
    Hillary will win this nomination in spite of the press being on Obama's side. Hillary for President!

    April 4, 2008 05:49 pm at 5:49 pm |
  2. jobblyman

    Happy now Mr Obama? We found out something we didn't know... the Clintons are wealthy!! duh

    Perhaps now you can answer the question about Larry Sinclair?

    However well all get to see how philanthropic Hillary is! How much have you donated?

    WAKE UP AMERICA!! DON'T VOTE FOR AN EMPTY SUIT AGAIN!!!

    April 4, 2008 05:49 pm at 5:49 pm |
  3. $$ from foreign countries

    Bill was too busy making speeches in the foreign countries for $$. They should disclose a list of those speeches and names of those foreign payees

    April 4, 2008 05:49 pm at 5:49 pm |
  4. Buddy

    109 million? Sure its alot of money but I sincerely doubt the Clintons spent years in college to pump gas for a living. We live in America, if we want to change our financial status, we should get off our butts and make some sacrafices in our lives instead of whining about the things we don't have.

    April 4, 2008 05:50 pm at 5:50 pm |
  5. Laura Long

    At more than $50 million it is not "speech income" it is "lobbying and speech" income.

    April 4, 2008 05:50 pm at 5:50 pm |
  6. Kyle

    Some will have to sit me down and explain to me very slowly why anyone would pay anyone $51,000,000 to speak. In the mean time, I will be at Home Depot buying pitch forks. We are being used. It is time for a revolution.

    April 4, 2008 05:50 pm at 5:50 pm |
  7. Beth in PA

    Looks like the Clintons just about tithe their income before taxes, or more than tithe their after tax income.
    Before you say their donations are too small, take an honest look in the mirror.
    Do you tithe your income?

    April 4, 2008 05:50 pm at 5:50 pm |
  8. ATL

    Here is the breakdown of salaries as of January 2008. SInce they get reimbursed for expenses (do the research), she must be high maintenance!
    Senate Majority & Minority Leaders $188,100
    House / Senate Members & Delegates $169,300
    Remeber that of the $190,000 in items that were taken from the White House according to the US Park Service, that the Clintons returned $28,000, mostly furniture according to reports. The Clinton's aren't THAT dishonest. Give 'em a break.

    April 4, 2008 05:51 pm at 5:51 pm |
  9. Jeff

    What now Barack ?

    April 4, 2008 05:51 pm at 5:51 pm |
  10. NoObamaLoveHere

    It's hilarious that O-bots still want more information from Clinton while we've got hardly any information from Obama. What a bunch of clowns

    Hillary 08

    April 4, 2008 05:51 pm at 5:51 pm |
  11. Colombia4Hillary

    I wonder how much fundraising money for Mrs. Clinton is coming from Colombia...let's check!! Where is a Penn when you need one?

    April 4, 2008 05:51 pm at 5:51 pm |
  12. V Independent

    Challenge to the Obama supporters: Senator Obama release your last 30 years of taxes ....ooops I guess you can't cause you where only 16 then.

    How about the dates you where in front of Pastor Wright hearing his "hate" preaching....oops I guess you can't recall this section.

    Question for Senator Obama did you EVER walk out of church when Pastor Wright was preaching "hate"? If so give dates.

    April 4, 2008 05:51 pm at 5:51 pm |
  13. Joy Morrison

    Wow, $10 million in donations! I would like to see how much Barack Obama has donated to charities over the same time frame. The Clintons are very generous donors by the looks of things. Says something about their ethics and authenticity.

    April 4, 2008 05:51 pm at 5:51 pm |
  14. Alicia

    I am glad she finally release her tax returns. According to her, it takes time to retrieve the information because they have to go through files and files of paperwork BUT....Am I the only one who noticed that EVERY SINGLE TAX RETURN was amended on 10-14-07? Obviously, they weren't tucked too far away. They've been ready to be release since LAST YEAR! Smells kinda fishy to me....

    April 4, 2008 05:52 pm at 5:52 pm |
  15. judyb

    Why can't she pay her campaign bills and her staff's health insurance premiums?

    April 4, 2008 05:52 pm at 5:52 pm |
  16. Davis in NC

    Giving 9.5% of income to charity. That's pretty much a tithe. I'm very impressed.

    April 4, 2008 05:52 pm at 5:52 pm |
  17. Edana Popp

    Who cares?? This is my business because...?

    April 4, 2008 05:53 pm at 5:53 pm |
  18. Eddie

    Since when it's a crime to make money in this country?? Let's re-visit this question when the Obamas have been in the pulic eye 20 more years & let's see what they've made from there speechs & book deals.........Now, Mr. Obama can keep quite about the tax returns accusations & focus on the issues, something that he accuses Mrs. Clinton about all the time.......Enough rehtoric & more subtance & solutions to our country's problem, that's what Mr. Obama should be doing..........& if he uses the race card one more time, then he's lost the last ounce of respect that I have for him!!!!!!!!!!!!!

    P.S.: For all of those out there who will accuse me of being a white racist man, for the record I'm a Middleasetrn-American college educated voter who has friends from all over the world & looks at the person beyond their race..........IT'S THE 21st CENTURY, GROW UP!!!!!!!!!!!

    April 4, 2008 05:53 pm at 5:53 pm |
  19. Josh, LA

    Hill said great speeches don't put food on the table, but now I know she didn't want me to know the secrets of wealth. Blue color workers should take notice because somebody is lying here.

    April 4, 2008 05:53 pm at 5:53 pm |
  20. Mike H.

    While we're talking income, how about the media looking into how Michelle Obama got a $200,000 raise (to over $300,000) from the Chicago hospital system just months after her husband was elected to the Senate.

    April 4, 2008 05:53 pm at 5:53 pm |
  21. nowwhat

    now that she disclosed these few years taxes IN ADDITION to the many number of years of taxes ALREADY in the public domain, now what are they going to go after her for, to keep away from discussing the issues ?

    April 4, 2008 05:53 pm at 5:53 pm |
  22. Stephen

    Hillary, our next President!

    April 4, 2008 05:53 pm at 5:53 pm |
  23. Gerald F.

    And there you are people. Is there anything MORE the public wishes to vet out of Senator Clinton? If you look the scrutiny she has been put under compared to Senator Obama. One would think the media is biased more to the guys than a girl the way the slant has been from the beginning. So today is April 4th. I give it til Monday April 7th when the reaction of thirty years documentation is then scorned upon and not believed. (again). I must say though that between them, both Mr and Mrs. Clinton HAVE donated a good deal of money to charity over the years.

    April 4, 2008 05:53 pm at 5:53 pm |
  24. Ben

    Carson and Wolfson should step down..they are causing Hillary to falter!!!

    April 4, 2008 05:54 pm at 5:54 pm |
  25. @americans

    BILLARY, RELEASE YOUR EARMARKS NEXT!!!!

    April 4, 2008 05:54 pm at 5:54 pm |
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