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. OlvrWhit

    Thank you Hillary, now will you Obamalovers stop the hate...Nothing surprising..We knew they were wealthy...nothing to hide. Gave lots to chairty....paid their taxes....

    I can only imagine what you guys will try and distort.

    Hillary 08

    April 4, 2008 04:17 pm at 4:17 pm |
  2. Matthew

    Did her campaign just say 30 years of tax returns:

    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.

    They obviously can't count too well. See delegate math as well.

    April 4, 2008 04:17 pm at 4:17 pm |
  3. Chuck in Oregon

    This does NOT deserve a comment, especially since I personally can not see those returns. I would love to only to see the source of that 109 million income for 6 years. I am very curious about those 2007 tax returns that have not yet been filed and posted. Time is running out or do I hear an "extension" is in order to keep them from being viewed

    April 4, 2008 04:17 pm at 4:17 pm |
  4. Craig, Seattle, WA

    Obama is an inexperienced-presidential-wannabe.

    April 4, 2008 04:17 pm at 4:17 pm |
  5. doug

    Wow, I guess I am in the wrong business.

    April 4, 2008 04:17 pm at 4:17 pm |
  6. William

    It took time to make up a second set of records.

    April 4, 2008 04:17 pm at 4:17 pm |
  7. Chris In California

    Hillary Clinton always follows through on her promises.

    HILLARY CLINTON 2009!!!

    April 4, 2008 04:17 pm at 4:17 pm |
  8. Kelley

    Way to go Hillary, of course doing the right thing will not negate the fact that Penn is fighting for Free Trade. It almost seems like she holds off positives for her campaign until a negative comes out. But I still praise you for the release, just need those Clinton Library Donor list to really show your honesty

    April 4, 2008 04:17 pm at 4:17 pm |
  9. sherrie50

    At least they gave to charity. What has Obama given to improve lives of Americans, probably minimal.

    April 4, 2008 04:18 pm at 4:18 pm |
  10. Marc

    The former President and first Lady would have gladly paid an additional $8 Million in taxes if the tax codes were the same when he left office.

    April 4, 2008 04:18 pm at 4:18 pm |
  11. Teresa E. from CA

    .. and I would agree that she released them to distract us from the Penn mess... So, while they are waiting for Obama to slip up to save her chances to win (WHICH ARE NIL), Hillary's campaign is self-destructing.... YES!

    OBAMA 08

    April 4, 2008 04:18 pm at 4:18 pm |
  12. vj

    Sounds like the years should be reviewed individually.

    April 4, 2008 04:18 pm at 4:18 pm |
  13. MD

    Personally I don't care about the Clintons' income. But now that Hillary has released her income tax returns, I think Americans have the right to know they are authentic. Are these certified copies of her tax returns?

    With so many lies, embellishments, lapses of memory, and what not, I for one, do not trust the Clintons any futher than I can throw a piano.

    April 4, 2008 04:18 pm at 4:18 pm |
  14. Hillary All the Way

    Well, now Obama must release his tax returns for the last 20 years so we can all see how much he donated to his racist church!

    April 4, 2008 04:18 pm at 4:18 pm |
  15. Thank God

    Oh you people get on my nerves! NEVER EVER SATISFIED.

    April 4, 2008 04:18 pm at 4:18 pm |
  16. irvine

    finally... now all those obama supporters can stop whining.

    April 4, 2008 04:18 pm at 4:18 pm |
  17. Christian, Tampa FL

    Wow... They definitely make the Obamas look poor.

    April 4, 2008 04:19 pm at 4:19 pm |
  18. Ms Mobee

    William from Texas

    He released his tax for the same years WEEKS ago.

    April 4, 2008 04:19 pm at 4:19 pm |
  19. David

    33 million dollars paid in taxes? That proves the wealthy 3% pay the vast majority of taxes in the United States.

    April 4, 2008 04:19 pm at 4:19 pm |
  20. Jason

    $109 million. How??????

    April 4, 2008 04:19 pm at 4:19 pm |
  21. Michael

    Who is this Mark Penn character??

    April 4, 2008 04:19 pm at 4:19 pm |
  22. Teresa

    Mark Penn is still an issue. Now where are your earmarks?

    April 4, 2008 04:19 pm at 4:19 pm |
  23. VA

    THE PENN DEAL TELLS IT ALL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    April 4, 2008 04:19 pm at 4:19 pm |
  24. Sly in Seattle

    where are the year by year details? i dont like all this lumping stuff up in the last 8 years stuff... where is the year to year details so we can see where they got all that money from?

    April 4, 2008 04:19 pm at 4:19 pm |
  25. Gregg Miller

    Where are John Bush McCain's
    returns and medical records?

    April 4, 2008 04:19 pm at 4:19 pm |
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