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. Daisy

    I knew I liked Hillary for some reason.

    April 4, 2008 04:21 pm at 4:21 pm |
  2. Go Obama!

    Trying to move the attention from the PENN case!

    Clintons! Always so good at coverups! But, only converups!

    April 4, 2008 04:21 pm at 4:21 pm |
  3. love2008

    Its too late to try to undo the damage you have done to yourself. I dont even trust whatever those returns reveal. Integrity is not your strong suit, Hillary. Just step down gracefully and allow yourself time to heal. This election is destroying you!

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

    They gave over 10 million to charity. How much did you give? Question is how many big corporations didn't pay as much in taxes?
    Most of you are probably lousy tippers as well. Since when did Bill and Hillary Clinton become so hated? He was a very good president. Maybe you deserve another Bush/Mccain four years. Americal is doing great isn't it?

    April 4, 2008 04:21 pm at 4:21 pm |
  5. Farrell, Houston, Tx

    Whatever ones opinion of Hillary may be, she has finally released her tax returns as expected. So what do people want, blood. I support Obama but I believe in fairness. Obama is going to win the nomination anyway.

    April 4, 2008 04:21 pm at 4:21 pm |
  6. kc

    How did the Clintons make $109 million in 8 years.. Where did the money come from.. With Obama, he gave us specific information how much he and Michelle make then how much they had to pay. She is still hiding something, I am sorry. I am trying to give her the benefit of the doubt but I just alittle confuse.

    April 4, 2008 04:22 pm at 4:22 pm |
  7. INDY PENDENT

    Senator Clinton's Senate Salary: $1,051,606
    Is this Yearly or over the years???

    April 4, 2008 04:22 pm at 4:22 pm |
  8. Grant

    Nothing shocking here, Bill charges big $$$$$ to speak and they have a few lucrative book deals...Bill bringing in $8-10M a year is no biggie, about the same as the guys we watch on CNN anyways! Might not play well with the out of job blue collar workers she is trying to sway though, also it shows that being in politics pays! But in America we do not begrudge anyone earning a living, that is the American Dream. I support McCain, pushing for Obama because I like his style, but do not begrudge the Clintons for earning $$...actually thought he would have made more! Perhaps Hillary can lend Obama a few bucks for him to get a new suit though, It appears he only owns one and wears it to all the events....lol

    April 4, 2008 04:22 pm at 4:22 pm |
  9. VA

    MAKING THAT KIND OF MONEY AND AT THEIR AGE...SCHOOLING IS PAID FOR...THEY OUGHT TO GIVE MORE......USE YOUR BRAIN!!!!! THEIR KID IS GROWN.

    April 4, 2008 04:22 pm at 4:22 pm |
  10. Rhoda

    Well, well, well...it's about time!

    Now they need to come clean about their campaign fraud trial. Obama's been raked over the coals just for mingling with Rezko. Why no reporting on this, when the Clintons are actual defendants?

    Double standard? You bet!

    April 4, 2008 04:22 pm at 4:22 pm |
  11. SlapStick, FL

    Ok and this makes the news whyyyyyyyyyyyyy???? What took so long. Most of it has probably been doctored.

    Obama 08.

    April 4, 2008 04:22 pm at 4:22 pm |
  12. Ben, MD

    Hillary and blue color voters?!! How on earth someone with $109,000,000 know an thing about poverty?!!!

    She has no standing what so ever to talk about poverty!

    Obama '08.

    April 4, 2008 04:22 pm at 4:22 pm |
  13. Ric

    How sad that the left side (crazy, nutjob, treehuggers) of the party has ruined any chance to win the White House this year. The Obama/Clinton war will be remembered for years. Just wait til all those Clinton Dems leave the party!! Hilarious. The only safe thing to do is vote Mc Cain this year, and vote for someone else in 4 years.
    Democrats for Mc Cain '08

    April 4, 2008 04:22 pm at 4:22 pm |
  14. Marc

    We have over a thousand CEOs that dwarf the income of our former US President who balanced the US Budget.

    If you think the Clintons got rich, please call Dick Cheney and President Bush on their sweet deals from the War.

    People wanted Bloomberg to run and he's worth Billions.

    Let's face it. If you don't like Clinton you probably have a voodoo doll at home of her already.

    April 4, 2008 04:22 pm at 4:22 pm |
  15. C

    I hate her even more. So sneaky releasing them on Fri. She is quite finished in my book. 109 Million? Wow, it's no wonder she can give her campaign a 5 million dollar loan.

    April 4, 2008 04:23 pm at 4:23 pm |
  16. "Keeping it real"

    Big business Clintons! How can they relate to little people when they earn their fortune by deletingthose little peoples jobs!

    April 4, 2008 04:23 pm at 4:23 pm |
  17. Theo Varelas

    Is it me or does every Hillary supporter post in all-caps, misspell words, use bad grammer, and make absolutely no sense? I guess that's why she is winning the uneducated vote by a 2-1 margin.

    April 4, 2008 04:23 pm at 4:23 pm |
  18. Rick

    Any body wondering why so much money ... this is nothing. When Obama becomes a president and writes dozens of books and gives thousands of paid speeches .. he will make 5 times more than what the Clintons have disclosed.

    Atleast the Clintons have paid their taxes and given more than 10M in charity. That explains a lot.

    Hillary 08

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

    Calm down Clintonites. We need time to pore through the records. If it took that long for Clinton to release them, it'll take even longer to track down the lies!

    April 4, 2008 04:23 pm at 4:23 pm |
  20. Magicman

    WAAOOOOOOO! HOW DID THEY MAKE THAT? SHADINESS ALL OVER!
    OBAMA 08!

    April 4, 2008 04:23 pm at 4:23 pm |
  21. hello

    Bill clinton is not running for president leave him alone investigate all past president's library donors also why only Bill clinton.

    April 4, 2008 04:24 pm at 4:24 pm |
  22. Andrew

    I agree, Timing. a distraction from (CCC) Clinton Colombia Connection

    April 4, 2008 04:24 pm at 4:24 pm |
  23. andy

    Thats not a whole lot of money! and I see they like to donate also ! good for them and I have never seen any any other person in political life ever revel so much info! I respect that.

    April 4, 2008 04:24 pm at 4:24 pm |
  24. Megha, San Antonio, TX

    Now, everyone needs to stop accusing Hillary. Enough is Enough. I am sickened by the baseless heatred for Hillary!

    Hillary 08

    April 4, 2008 04:24 pm at 4:24 pm |
  25. Richard

    Typical Clinton tactic. Release them on Firday afternoon, as reporters are getting ready to go home for the weekend and people are focused on other things. By the time Monday rolls around, nobody will be taking about this. The Clinton's are steeped in sleaze. They are some of the worse human beings I've every seen. That comment on Leno last night, laughing about the Bosnia sniper fire took the cake. She was laughing. The American people were not. Even Leno seemed to feel a bit uncomfortable about it.

    April 4, 2008 04:24 pm at 4:24 pm |
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