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. Fair Media

    And exactly how does this brief 4 paragraph article compare to yesterday's CNN full page article on the McCains (specifically Cindy McCains) $100Million net worth? Amazing how CNN continues it shadow and suggestive views to try and sway the public for its own political agenda.

    Cinday McCains life time of financial history: Detailed, full page
    The Clintons 8 years of financial history: A brief 4 paragraph summary
    Obama: not a peep!

    That piece yesterday on the McCains financial history, which spans their full lifetime was pretty disgusting and CNNs intentions were overtly obvious. How come CNN isn't so scrutinizing over the Clintons $109 M in 8 years as they are with the McCains $100 M over 40 years???

    anyone, anyone?

    April 4, 2008 05:54 pm at 5:54 pm |
  2. Obama Richardson

    We've already established that we do not need her and her husband in the presidency position. Now we need to establish why either one of them even need a job.

    Enough!

    April 4, 2008 05:54 pm at 5:54 pm |
  3. elizabeth Lalor

    In 8 years they have gave to charities less that 10% of what they earned this year. I guess they are not even close to tithing.

    April 4, 2008 05:54 pm at 5:54 pm |
  4. ma terry

    If the Clinton's made that much money for speaking, then Obama should be making Trillions for his speeches. Anyway, they are filthy rich good for Hil and Bill. I see they are trying to stress taxes and donations............We'll see.... I agree with person who said, What does she have in common with Blue collar workers? I smell a rat name Hillary!

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

    For all those Obama supporters who are testy about these being released on Friday. I would like to remind them that when Obama admitted that he actually accepted $250,00 from Rezko it was late on Friday afternoon. So what's good for the goose is good for the gander.

    April 4, 2008 05:54 pm at 5:54 pm |
  6. Common Sense

    Who cares anymore. The delay has been so long, how can one not speculate these numbers have been washed several times over? It's no secret these people are crooks.

    April 4, 2008 05:55 pm at 5:55 pm |
  7. Plano

    If you guys enjoyed prosperity in the Clinton years, then his service is really worth the money he earned.

    April 4, 2008 05:55 pm at 5:55 pm |
  8. deborah

    PEOPLE, Sen and Bill Clinton PAID $33 Million in TAXES, that's 30% of their income, they also GAVE nearly 10% of their income to CHARITY, charities that work for POOR people, check out the organizations and projects the foundation supports before you start BLOWING smoke. If they had sheltered most of their income offshore, they would not have paid anywhere near a 33% tax rate. These two people are truly share the riches people. OBAMA on the other hand gave approx 3% of his income to his racist church as his charitable good works. Wake up and smell the coffee folks.

    April 4, 2008 05:55 pm at 5:55 pm |
  9. Manubi

    WAIT.....

    The tax return that the Clintons released is from 2000 to 2006. The most important ones are supposed to be in 2007. Let's wait and see what the Clintons will do about the 2007 tax.... stay tune.

    By the way, what did Vinod Gupta, CEO of infoUSA, get from donating 3 million dollars to Bill?

    Interesting....

    April 4, 2008 05:55 pm at 5:55 pm |
  10. frank

    i must be in the wrong buissness 109million ,i bet she stole most of it .the clintons are liars and not to be trusted..................

    April 4, 2008 05:55 pm at 5:55 pm |
  11. JP SW

    Obama supporters, yes, please, do read and examine Hillary tax returns. You ranted and raved long enough. So read to your heart's consent. LOL...kind of liking sticking a pin in your big balloon now, isn't it.
    Now we can ask the Obama man to open all of his tax records. Ooops...he may not want to do that. Right. Unless Rezko's lawyers are successful in suppressing the documents that will blow the Privileged White as much as Black Obama man out of this race

    April 4, 2008 05:56 pm at 5:56 pm |
  12. The Watcher

    Some of you people are out right silly. The clintons earned 109 million and donated 10% to charity (Mostly to the clinton family foundation mind you) the Obama's earned in Single digit million`s and donated $250,000 of those earnings to various Charities, with no family afilliation's; that can't be drawn from like the clintons. Fact is giving money to charity is an act of kindness that half the people in this room don't do on their own. lets just drop the charity ordeal in general.The second fact is Hillary only released these tax returns to distract from the Penn ordeal, and all you clintonites are so consumed with the Clinton charade that you've all turned the other cheek to the Endless scandals, and double standards of the clintons.
    The truth of the matter is that hillarys ship is sinking fast, and I'm all the more deliriously enjoying watching her go asunder with all her litany of lies trailing fast behind her!

    Democrat 08

    April 4, 2008 05:56 pm at 5:56 pm |
  13. RFB

    Hey dummies, if you read till the end of the article you can click on the full and complete documents. Yes it gives all the 1040's from 2000 to 2006 with estimates for 2007. You were so anxious to start accusing the Clintons of wrong doing you missed the whole article and the information that you can click to get. Oh and the 30 years that the article speaks of are what has been released over the years since Clinton was Govenor. Dah!!!

    April 4, 2008 05:56 pm at 5:56 pm |
  14. Jan

    Why doesn't the Clintons released the tax for the library? That's when will will start to see the shady business dealing. Since the Hillary supporter are raving about her releasing her returns........It would be nice for her to help those blue collar worker. She and her husband help send jobs overseas and they clean up on the money left her. Wow, you Hillary supporter are so brainwashed.

    April 4, 2008 05:56 pm at 5:56 pm |
  15. Grandma in Alabama

    Hey CAW they're just taking a page out of Obama's playbook. All his pertinent (?) announcements have been made on a Friday.
    Do you really think that he could stand up to the scrutiny that the Clinton's have. I personally do no think that he can.

    April 4, 2008 05:56 pm at 5:56 pm |
  16. jbird

    Does this have ANY bearing at all on the presidential race? Does ANYBODY truly care what the Clintons earned last year? or the year before? or ever?
    My question? What will Mrs. Clinton or Mr. Obama do for me and my family if she or he is elected president?

    April 4, 2008 05:56 pm at 5:56 pm |
  17. Deb-Canada

    This blog is very sad. There are so many better issues to discuss. The media will devour these tax returns and distract and turn people against Hillary again. If you Americans vote for the wrong candidate again – you'll be getting what you deserve – again! Trouble is we have to live with him too.

    Please elect HILLARY. Look at her resume! Then Obama next time.

    April 4, 2008 05:56 pm at 5:56 pm |
  18. Sarah

    Caleb Calhoun, you are correct!

    Clinton couple are both very hard working, not like Obama. He got paid as a Senator, but he didn't do his duties as a Senator, but spent all his time on Presidential Campaign! He is wasting the taxpayers' money!

    April 4, 2008 05:56 pm at 5:56 pm |
  19. Tim

    I'm happy they made $109 million. That will give them something to live on while Obama is President.

    April 4, 2008 05:57 pm at 5:57 pm |
  20. WML

    First, the Clinton tax returns have been public before. For 2007, they aren't even due for another 11 days... does every poster have theirs done and turned in? I don't and usually don't until around this time. Why is everyone so quick to judge.

    Second, how hard is it to imagine 100+ million? He's the former president of the US and gets a substantial pension–his former salary each year.., so about 1.4 million. He gets hefty sums on the speaking circuit. They had nice advances on their books and royalties and the like. Plus, they have property and other investments. And Hillary's salary. It's not that hard to conceive. They may have even inherited money when his mother died and her father died. Just like other Americans.

    But, you can't say they aren't giving back through years of public service, Bill's foundation, his work with former President Bush with the tsunami and AIDS in Africa. You can hate them all you want but you cannot say that they don't just talk about helping, they help. Actions speak louder than words.

    April 4, 2008 05:57 pm at 5:57 pm |
  21. M Brown

    Hillary wouldn't know how the blue collar people feel if she tried. She is a poor representative of the working people in this country. As far as the 3:00 a.m. ad....she probably wouldn't answer the phone because she would be looking for Bill with an intern in the hallway. Hillary...please go away.

    April 4, 2008 05:57 pm at 5:57 pm |
  22. Obama Richardson

    I get about 1/3 of my paycheck taken out for taxes, insurance, etc.

    They don't pay nearly enough. They should be paying OVER $2 million. This is ridiculous!

    April 4, 2008 05:57 pm at 5:57 pm |
  23. Minneso-De-mocrat

    A TRUE LEADER HAS NOTHING TO HIDE!

    Keep Shining Hillary! 2008 is yours!

    PS: And you got my vote in 2012 too!

    April 4, 2008 05:58 pm at 5:58 pm |
  24. Cindy in California

    So please explain to me how she is just a regular person who can relate to voters who are losing their homes, and jobs and to truckers who are sturggling to pay $4.00 a gallon for fuel?

    April 4, 2008 05:58 pm at 5:58 pm |
  25. gee gee

    Sen. Clinton is a very smart woman!!!!!

    Big fiasco today with advisor Mark Penn!!!!!!

    She releases her tax returns late friday with the hopes that everyone will forget about Penn and free trade fiasco. Then try to bury both items over the week-end

    Does she really think the media is so gullible?

    I hope they are a tad smarter than falling for these tactics!!

    April 4, 2008 05:58 pm at 5:58 pm |
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