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. Gary

    109 million dollars over the past eight years. That's almost 14 million dollars a year. How much does a U.S. Senator make? That means Bill made almost 14 million dollars a year doesn't it? And how much were they making when he ran for Governor of Arkansas? My, they'vecome a long way, haven't they.

    April 4, 2008 04:19 pm at 4:19 pm |
  2. OlvrWhit

    Okay, I just wrote a entry and I see that the hate has already started. The money was made from book deals and speeches, plus Hillary's salary. Hillary has never said she was blie collar and you do not have to be to work for those people's needs. Also, if you want to use that argument, lets not forget that Obama is also a millionaire.

    Obamalovers and Clinton haters, you need to grow up.

    April 4, 2008 04:19 pm at 4:19 pm |
  3. Lynne

    Where's 2007?

    April 4, 2008 04:20 pm at 4:20 pm |
  4. Geez...

    Wow, it did not really matter that she released the tax returns. Anti-Clinton folks are still complaining!

    April 4, 2008 04:20 pm at 4:20 pm |
  5. Alex H

    I KNEW IT! I knew she would release them when she gets in trouble!

    April 4, 2008 04:20 pm at 4:20 pm |
  6. Cammi317

    And we are supposed to believe that SHE understands the struggles and the worries of the working man....I think not. They have made more in 7 years time than most of us will make if we each lived 40 lives working 50 years each life making $50,000.00 each year. No wonder they could afford to give so much personal money to her campaign...

    April 4, 2008 04:20 pm at 4:20 pm |
  7. Andrew

    You go girl!
    Hillary 08

    April 4, 2008 04:20 pm at 4:20 pm |
  8. FRED

    William from Texas April 4th, 2008 4:11 pm ET

    Now that she has released them, and released more than was needed, let's see Obama match that.

    UMMMMMMM from 2000 to 2006 how is that 30yrs?

    April 4, 2008 04:20 pm at 4:20 pm |
  9. Raum

    BLUE COLLAR????? PUH-LEASE

    April 4, 2008 04:20 pm at 4:20 pm |
  10. No Obama

    Come one! you stupid Obama's supporters!

    Bill Clinton made speech, publish book. That is simple to get huge money.

    No wonder you guys support Obama coz you guys are too stupid to know how to make money!

    Go Go GO Hillary

    April 4, 2008 04:20 pm at 4:20 pm |
  11. Marc

    Now most of you wanted Hillary to divorce her husband. Look at her income compared to his income.

    The bulk of the income from Bill. The hundreds of speeches he gets paid to give and hundreds of hours speaking he charges a hefty fee.

    Hell, Guiliani charged millions for small tour of speaking engagements.

    April 4, 2008 04:20 pm at 4:20 pm |
  12. rafael

    $109 million? it shows how much in common team billary has with blue collars workers!!!

    April 4, 2008 04:20 pm at 4:20 pm |
  13. VA

    FOR THAT MATTER..MAKING A JOKE ON LENO WAS TRULY SAD...GREAT COMMUNICATIONS WITH BOSNIA..........LIKE NOTTTTTTTTTTTTTTTT

    April 4, 2008 04:20 pm at 4:20 pm |
  14. Patricia in Las Vegas

    dang...I suspected that she had absoluely no clue about my day-to-day struggles as a single working mom, what my real issues were about hoping that the paycheck keeps the roof over our heads, that there will be food on the table, that I can get the car fixed when it needs fixing, or even whether I'll still have a job next month despite being a hard worker... and I am guessing that I am right! We do not need a priviledged, rich person running the country, I'll rather see someone who understands our fears and struggles. Someone who has proven that through egood parenting, education, and hard work, you will succeed...and that person is Barack Obama!

    April 4, 2008 04:20 pm at 4:20 pm |
  15. ellianna

    Enough of the Clinton and Bush empires and their millions!!!!
    We need a new direction in Washington and Barack Obama WILL BE THE ONE to make the pathway clear for that direction!! It seems to me that "millions of $$$$" often times generate "deceit" and "corruption" in the minds and actions of those who have that financial security!! I have to wonder how much of that $57 million was HONESTLY earned?????

    April 4, 2008 04:20 pm at 4:20 pm |
  16. Kate

    WOW .. and they were 10 milion dollars in debt when they left the whitehouse!! What about that Caymans Island Company??

    April 4, 2008 04:20 pm at 4:20 pm |
  17. Pablo from Pennsylvania

    I am so happy to see this. To the Obama supporters; now what?

    Hillary must win or the 'Dems' won't get in

    HRC for 2008!!!!!!!!!!

    April 4, 2008 04:20 pm at 4:20 pm |
  18. Chuck

    Where are the 2007 returns??

    April 4, 2008 04:20 pm at 4:20 pm |
  19. Let's not forget Mark Penn!

    Let's not forget aMark Penn!

    April 4, 2008 04:21 pm at 4:21 pm |
  20. sharon

    Dang it all to pieces.......I wanna work where they've been working. But good for her on FINALLY releasing the taxes. If she is being completely transparent here, why did she take so long?

    April 4, 2008 04:21 pm at 4:21 pm |
  21. rafael

    On Friday @ 4pm? That reminds me of someone else... uh.. OH YEAH BUSH!!!!!!!!!!!

    April 4, 2008 04:21 pm at 4:21 pm |
  22. Jay

    You Obamabots are simply unbelievable, now your whining and crying about how much money they made. You people are absolutely incredible.lol

    April 4, 2008 04:21 pm at 4:21 pm |
  23. Dee JAY in miami

    i wanna know who donated to the presidential library...and who do they owe favors to...

    Thats What i want to see

    Obama 08

    April 4, 2008 04:21 pm at 4:21 pm |
  24. Linda

    Judging by the degree of honesty and sincerity we have seen, dare we believe what we see, especially since it took so long to produce documents that were already prepared? Does it take months to run copies of them?

    April 4, 2008 04:21 pm at 4:21 pm |
  25. Maria

    Bill and Hillary's money is mostly from book sells and speeches. Before you find them guilty without even trying to find the facts out, try doing some research.

    Where is Obama's 30 years of taxes (oh, that is right he is only a child) where is all his records.

    April 4, 2008 04:21 pm at 4:21 pm |
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