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. Grif

    Good Girl. One thing off your plate.

    April 4, 2008 04:24 pm at 4:24 pm |
  2. For Hillary!

    Hillary! You are a great lady!

    I really appreciate your courage! Thanks for donating so much money for charity!

    Good for US! you know how to creat wealth and contribute them. This is what Obama will never know.

    2008 for Hillary Clinton! Go Go GO GO GO GO GO GO GO GO!!!

    April 4, 2008 04:24 pm at 4:24 pm |
  3. MP-Pennsylvania

    Some rich people give to charity because they of tax deductable.

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

    Hillary, where are your tax returns?! Where are they?! What's that? ... She did? ... Today? ... Oh. Well, then. I guess I'll find something else to complain about.

    Hillary, where are your medical records?! Where are they?!

    In all seriousness, I wish some Obama supporters weren't so ridiculous. They give the rest of us a bad name. These aren't competing cults, everybody.

    Democrats '08!

    April 4, 2008 04:24 pm at 4:24 pm |
  5. FRANK

    GO HILLARY!!

    HILLARY CLINTON IS THE DEMS ONLY CHANCE AT THE WHITE HOUSE..

    OBAMA HASNT GOT A CHANCE VS. THE MAC

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

    Oh crap... They are richer that Bush and His Cronies...

    April 4, 2008 04:24 pm at 4:24 pm |
  7. Dan

    How much has Obama donated to charity in the last 8 years??????

    I think last year Obama made 1 million dollars, and didn't he donate 2-3% of that to charity?

    Looks like the Clinton's are donating almost 10% to charity.

    Hillary 2008!!!...........or McCain 2008.

    April 4, 2008 04:25 pm at 4:25 pm |
  8. Joe

    THE CLINTONS ARE NOT CORRUPT.

    I do not support them for President, I wanted Ron Paul, but READ where they made their income from people. They made it from books and speeches. You cannot say they are corrupt or "doing favors."

    April 4, 2008 04:25 pm at 4:25 pm |
  9. Sara from Arizona

    These Clintons are so predictable. Just in time to divert from other stories. OBAMA 08'

    April 4, 2008 04:25 pm at 4:25 pm |
  10. Sunny

    Obama, Please release how you were getting along with Rezko ?

    let people know !

    April 4, 2008 04:25 pm at 4:25 pm |
  11. becky

    Great timing Hillary...YOU are not liked at all today with the Leno and the Penn crap...after today I really do not care what your taxes look like....I am done with Hillary.

    April 4, 2008 04:25 pm at 4:25 pm |
  12. LAV

    For those questioning about her earnings....Anybody could make millions if you know how to invest your money. Don't spend your money on alcohol and unnecessary material things. People don't have savings because they don't know how to prioritized their needs.

    There is a big difference between need and want.

    Now leave Hillary alone. Go do your millions too!

    April 4, 2008 04:25 pm at 4:25 pm |
  13. Austin

    I bet they have been redacted....ALSO...PERFECT TIMING now that the BIG STORY would have been about Penn's Columbia Lobbying Scandal!!! Nice job Hillary! Lets see how CNN helps push the Penn Scandal under the rug.

    April 4, 2008 04:25 pm at 4:25 pm |
  14. FRED

    Well if she made all that money tell me why she can't RAISE any? Does any of her supporters REALLY support her...LMAO!!!

    April 4, 2008 04:25 pm at 4:25 pm |
  15. common sense

    Sherrie 50

    At least the Clintons gave to charity??? Really? That's your position??

    It's quite easy to give to charity when you make $109,000,000.00!!!

    a few years ago (before best selling book) Michell and Barack had a joint income of $200K, and yes they still gave to charity. Only a fool could seriously question the desparity in charitable giving

    April 4, 2008 04:25 pm at 4:25 pm |
  16. 1028jenn

    And she needed to "loan" her campaign $5 million ?! Oh, please... I work 12 hour days every day and just barely get by, and it bugs me that Hillary tries to pretend to be "one of us" and just a regular guy. Anyone who makes more than 15 million dollars a year is out of touch with Joe Average.

    And less than 10% of their income given to charity ? I give more than that to my church, in donations, in contributions, and I make 1 /1000th the income that they do. Seems when the economy was worsening for everyone else, the Clintons were raking in the bucks !

    April 4, 2008 04:25 pm at 4:25 pm |
  17. sozzi

    Is Bill's Kazikisan deal included in these returns? Deal was worth $100 Million. How much funny business is there?

    April 4, 2008 04:25 pm at 4:25 pm |
  18. vince - phoenix

    I don't believe it!!!! no wonder the polar ice caps are melting!!!

    April 4, 2008 04:25 pm at 4:25 pm |
  19. Ol' Timer

    I would like to see Hillary's college transcripts. President Bush as it turned out had better grades and college than both Kerry & Gore.

    April 4, 2008 04:25 pm at 4:25 pm |
  20. Dan

    Now, where is the donor list? We need that too. Oh, and how did the Clintons make all that money! 109 million, wow!

    April 4, 2008 04:26 pm at 4:26 pm |
  21. Rick in Boynton Beach

    I guess they cashed in pretty well since 2000. Why is that bluecollar workers identify with her again?

    April 4, 2008 04:26 pm at 4:26 pm |
  22. Bukky

    Ummm I'm the only that noticed that this does not break down their investements.... We all know they are heavily invested so WHERE IS THAT MONEY?

    April 4, 2008 04:26 pm at 4:26 pm |
  23. HILLARY ROCKS

    Way to go, Hill!

    April 4, 2008 04:26 pm at 4:26 pm |
  24. Obamista NYC

    How about an audit?

    April 4, 2008 04:26 pm at 4:26 pm |
  25. Truth - Ny

    $109 million and cannot afford to pay $300,000 for your campagin's health insurance – pretty sleezy!! Thats 0.3% of your income gimmie a break – Just suck these poor folks dry why dont you!

    April 4, 2008 04:26 pm at 4:26 pm |
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