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. Angela

    The lecture circuit is pretty lucrative – and President Clinton is a very compelling speaker. Why did he make so much? Because the organizers new he was a compelling speaker and that the attendance at one of his lectures would be huge.

    The earned a lot of money from their books...why? Because the public bought their books.....

    Obama's (and his wife's) went up considerably as he became a well-known national figure. Another 20 years and his income will be similar to the Clintons'.

    They donated a pittance to charity.

    Kerry is wealthy, Edwards is wealthy, GWB is wealthy, Cheney is wealthy, Romney is wealthy, Guilliani is wealthy....the list goes on. Since when did being a wealthy politician become a crime?

    April 4, 2008 05:58 pm at 5:58 pm |
  2. Robin

    Maybe now the Obama supporters will shut up....-..oh of course they won't ...because they are jealous of the Clintons.....But...if and when Obama releases his tax returns or they find out just how much he has really taken from the oil companies...and how he is tied to Rezko...then they will shut up! Your guy isnt the messiah he is pretending to be.....it aint over ....

    GO HILLARY.....

    April 4, 2008 05:59 pm at 5:59 pm |
  3. JC

    Hillary Clinton has already lost this election in the name of Jesus Christ. God save America from the Clintons

    April 4, 2008 05:59 pm at 5:59 pm |
  4. Charlotte

    The Obama-bots keep telling us they are a lot smarter then the rest of us? How come they can't figure out that you make money when you can write a book? When you are important and ask to speak, you make money? Why can't they figure that out?

    April 4, 2008 05:59 pm at 5:59 pm |
  5. Julie

    SO WHAT?!!! IT DOESN'T MATTER HOW MUCH THEY MADE!!! Money or lack thereof does not decide who's a good leader for this country. More power to you Clintons!

    April 4, 2008 05:59 pm at 5:59 pm |
  6. deborah

    By the way there is a little click here in the article if you want to see the actual returns in their entirety.

    April 4, 2008 05:59 pm at 5:59 pm |
  7. rafael

    AND THERE SHE WAS ON THE SENATE LAST WEEK, TALKING ABOUT EXCESSIVE EXECUTIVE COMPENSATION!!! wE SHOULD KEEP HER BRAINS AND MAKE IT A CASE STUDY ON LIARS!

    April 4, 2008 05:59 pm at 5:59 pm |
  8. Sig, Los Angeles CA

    If I made $109 million, I certainly wouldn't have a problem donating 10% of my income to charity because there's plenty left over. However, if you're an average family making $45K, 10% of your income going to charity could mean the difference between a balanced meal for dinner or hot dogs for dinner.

    April 4, 2008 06:00 pm at 6:00 pm |
  9. WML

    For all you Obama supporters, why not release more details about his financial dealings. You can't for something from one without expecting your candidate to do the same.

    April 4, 2008 06:00 pm at 6:00 pm |
  10. ACA

    10million to charities– Cash???
    $108 mil. from her salary, giving speeches, and selling books ??? Maybe they both can write a book to teach people HOW! Those rich guys you mentioned have done more than giving speeches, selling books....

    April 4, 2008 06:01 pm at 6:01 pm |
  11. cc4obama

    I'm concerned that someone wrote in the page numbers. It seems like they want us to believe that all the information is there. With the past record of the Clinton lies, I kind of doubt it. I'm sure there's a lot of information missing!

    April 4, 2008 06:01 pm at 6:01 pm |
  12. Karen in CA

    Why do so many people keep asking where the $109 Million came from? The article (if they bothered to read) says half of it came from Bill's public appearances/speeches... and the rest mostly from book sales. Nobody wants to read, they just want to bash Hillary.

    As for lying and double-talk, why did Obama say he wasn't present when Wright said those things, yet later admitted he heard him say "controversial remarks." And then he couldn't disown Wright because he was like an uncle? And then a week later he said he would've left the church if Wright didn't retire.

    He says he had the judgement to say we shouldn't have gone to war, yet he didn't have the backbone to leave this church. He had this guy as his spiritual advisor and yet he was ready to throw him under the bus by saying he would've left the church had Wright not retired.

    April 4, 2008 06:02 pm at 6:02 pm |
  13. Leigh for Obama

    I couldnt help but notice that the breakdown of the tax returns – as submitted by the Clinton Campaign Spokesman – Jay Carson contains a little note at the bottom that says "the figures in this summary contain 2007 estimates" – gee that sure leave some wiggle room to "slant" things

    April 4, 2008 06:02 pm at 6:02 pm |
  14. Scott

    The reason the Clinton's give some much to charity is because for tax purposes, they can either give the money to charity or give it to the government. So why not give it to charity? It is all the same to them, they have to give away that money, its just a matter of where.

    You could just as easily argue that Obama gives more of his income to the government because he believes more in the ability of government to spend his money wisely. Maybe he's doing his part to try and eliminate the trillions of debt by not giving away to charity?

    Democrats are ridiculous because they always have a one-minded stupid view of how things work and never take everything into account. Grow up, both sides!!!!

    April 4, 2008 06:02 pm at 6:02 pm |
  15. stephanie

    stop hatin'. the woman is gangstar! now we know that the Clintons are more charitable than the Obamas.

    also, i love all the conspiracy theorists here. did you even read the breakdown before posting?

    Clinton is the best candidate, she has been fighting for universal healthcare for years, and her energy and economic policies are superior to Obama's, but she cant catch a break by the media.

    April 4, 2008 06:02 pm at 6:02 pm |
  16. Kate Smith

    Most of the people posting didn't even read this article and they're just posting their undeserving hate for Hillary! If they read it, there's a list of how they made it. If they can make that kind of money for themselves, imagine what Hillary can make for America! You can also download their tax returns at the end of this article for the people who are commenting negative crap about not believing it's accuracy! Give Hillary a break- you women haters!!!!!!

    April 4, 2008 06:02 pm at 6:02 pm |
  17. D McKee

    Now let's see what the new whiners (Obama) will come up with! How about Chelseys? Way to go Hillary.Great show on Jay Leno by the way.

    April 4, 2008 06:02 pm at 6:02 pm |
  18. Len

    Not so bule collar after all.

    How much is from Dubai and other Foriegn "investors'?

    April 4, 2008 06:02 pm at 6:02 pm |
  19. Dan

    It's almost comical the people who are saying there was some sort of a timing issue conspiracy for them releasing their tax returns.

    OBAMABOTS do you guys need a little WD 40 to come to grips with the fact that they're just releasing the returns. No hidden motive, no conspiracy theory. GET OVER IT.

    April 4, 2008 06:03 pm at 6:03 pm |
  20. Mike, Land O Lakes, FL

    What a timing? This is just an attempt to change the subject from Penn dealing with Colombian goverment!!

    April 4, 2008 06:03 pm at 6:03 pm |
  21. JP SW

    Oh, and two thirds of the charities Obama gave to were Black charities. WOW...a man for all! It sure shows how well Wright's brain washing and anti American, Black liberation theology has worked.

    Hillary supporters...stand fast...Obama man will get caught up in his past. It'll all come out even if it is during the National election.

    April 4, 2008 06:04 pm at 6:04 pm |
  22. North Carolina

    I didn't need to see your taxes to vote for you, Sen. Clinton. I read a funny quote online but don't remember author: "which part of the 90's didn't you like: the peace or the prosperity?" Now O-bots, shut up, please.

    April 4, 2008 06:04 pm at 6:04 pm |
  23. PJ

    Irony = Clinton supporters complaining about Obama supporters complaining

    Irony = Clinton supporters being nasty about how Obama supporters are always nasty

    Can everyone not see how circular this is, no matter which side you are on? Can everyone not see how similarly both sides are acting? Get on your high horse if you will, but so long as you are criticizing (as I am right now), you and I and everyone else are exactly the same.

    April 4, 2008 06:04 pm at 6:04 pm |
  24. David

    109 million – wow. I had no idea they were that wealthy. And so much from over seas as well.

    How can they relate to the common man?

    And then this Mark Penn thing today – geez – meeting with the Colombians for crying out loud!

    Doesn't that bother any of your HRC supporters?

    Obama 08!

    April 4, 2008 06:04 pm at 6:04 pm |
  25. ALBO

    TO THE GUYS IMPRESSED BY THE $ 10,000,000 DONATED BY THE CLINTONS:

    They have got $ 92,000,000 for speaches and Books which would have been valueless without the name recognizance which is a PERK
    of the presidency (additional to their salaries and pensions, directly related to their work!),

    Donating $ 10,000,000 of these to Charities seems rather modest !!
    Other presidents have open a foundation and spent there much more !!

    OBAMA surly will do the same if and after he becomes President !!!!

    ALBO

    April 4, 2008 06:05 pm at 6:05 pm |
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