April 4th, 2008
09:06 PM ET
7 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. Ross in MD

    ABOUT TIME!

    Now we can figure out how a sitting Senator makes $100 million.

    April 4, 2008 04:26 pm at 4:26 pm |
  2. Lance

    50 some million dollars in revenue?

    Now we know how much a United States President and his wife can be bought for.

    Funny, I would have thought the price would be even higher.

    April 4, 2008 04:26 pm at 4:26 pm |
  3. Brian in Carlisle, PA

    I wonder what is hiding...the only people I know who release information on late Friday afternoons are the Bush administration...and we have all seen what they release...bad news.............

    April 4, 2008 04:26 pm at 4:26 pm |
  4. Dave C - NJ

    Obama was 16 thirty years ago.
    How can he match that exactly? lol

    April 4, 2008 04:26 pm at 4:26 pm |
  5. mehrnoosh

    $109 million!! wowwwwwwwwwwwwwwwwwwwwww

    April 4, 2008 04:26 pm at 4:26 pm |
  6. adam

    Good job Hillary! Your contribution showed you have a big heart, not the BIG MOUTH!

    April 4, 2008 04:27 pm at 4:27 pm |
  7. sw

    I am convinced all those so called Obama supporter making comments here are just hired guns, they will jump on any thing and attacking madly, no rational thinking, just shouting out some hated words. it is really a shame!

    April 4, 2008 04:27 pm at 4:27 pm |
  8. Ted R.

    And she complains about having to lay out $5M for her campaign?

    April 4, 2008 04:27 pm at 4:27 pm |
  9. Nick

    Released on a Friday at 4 in the afternoon? Hoping we'll forget about this over the weekend Hillary?

    April 4, 2008 04:27 pm at 4:27 pm |
  10. rafael

    Thanks hill, now tell us how well you get along with Uribe,Giustra, the dictator of Kazahstan e.t.c

    April 4, 2008 04:27 pm at 4:27 pm |
  11. William from Texas

    I can't believe the loser idiots here saying that they are fake. If they were fake, wouldn't the IRS know? Duh!

    April 4, 2008 04:28 pm at 4:28 pm |
  12. Ambigram Indigo

    $90 Million are from speeches and book publishing!

    April 4, 2008 04:28 pm at 4:28 pm |
  13. Teddy

    Don't try to take the focus off the Penn problem. According to Newsweek article, Penn's political consulting firm, Penn, Schoen & Berland, has been paid $10.8 million so far by Clinton's campaign.

    April 4, 2008 04:28 pm at 4:28 pm |
  14. Thinkb4vote

    I don't understand why people think Clintons are blue collar. Please think before you vote.
    All the people who think Hillary cares about voters in Michigan and Florida and Obama doesn't think about this. Hillary said that Pledge delegate are free and she will go after them. This means she doesn't care about the voters in almost 40 states how they voted and their vote doesn't matter, so Do your really think Hillare cares about Florida and Michigan? Obama is playing by rule and doesn't want disrespect DNC and something he signed.

    April 4, 2008 04:28 pm at 4:28 pm |
  15. What

    What did they ever do to earn all that money? Neither of them ever provided a good or service to anyone. And their daughter is following in their footsteps... what does a hedge fund advisor do anyway? Booze and schmooze, three hour lunches, talk on the phone and split the office at noon on Friday? What a load of s**t.

    April 4, 2008 04:28 pm at 4:28 pm |
  16. Obama and Rezko!

    Mr. Obama, Please realease your relationship with Rezko?

    We want to know about it..... We deserve to know about it before you want to make your dirty dream true!

    April 4, 2008 04:28 pm at 4:28 pm |
  17. ag

    It's a Clintonian Obamination !!

    April 4, 2008 04:28 pm at 4:28 pm |
  18. Phil, CA

    Where'd all that "income" come from?

    To exactly what 'charities', or socked away for her campaign and written off for taxes? Hmmmmmmmmmmmm

    Just another distraction, as is the idiodic attempt to guise her lies on the Tonight Show.

    Bill, Hillary and Chelsea belong in a freak show, not living at expense of taxpayers.

    April 4, 2008 04:28 pm at 4:28 pm |
  19. Don

    Obamanistas, shut up now. Hey Barry, match those releases. Both Clintons have written successful books, both have Grammys for their spoken word book recordings and Bill is a popular guest speaker.

    April 4, 2008 04:28 pm at 4:28 pm |
  20. sherrie50

    I feel so sad for all you haters of HC. What organization Obama gave, probably Rev. Wright's church, his mentor, .....

    April 4, 2008 04:28 pm at 4:28 pm |
  21. Obama Pelosi

    $109 million!

    No wonder they want to be President again! It's a lucrative job! It sure looks like they fit the kind of people who benefited from Bush's tax cuts!

    Clearly, it's Bills money that's paying for her presidential campaign.

    Yeah, the Clintons really are the right people to stand up for the poor and blue collar people. Yeah, $109 million – they sure understand what we are going through. So nice that the donated money to charity – money they would have otherwise paid in taxes.

    SLEAZE!

    April 4, 2008 04:28 pm at 4:28 pm |
  22. luckydj

    Timing is everything. They release on a weekend so perhaps people won't really notice. It took them long enough to redact what they had to.

    April 4, 2008 04:29 pm at 4:29 pm |
  23. BGIV in NC

    What about any LLCs or corporations they have set up to receive income? Any good CPA will tell you to set one up particularly for any 1099 income, say from a sovereign wealth fund that you may have consulted for – it makes good tax sense. I am quite sure there is more that has not been disclosed.

    April 4, 2008 04:29 pm at 4:29 pm |
  24. rafael

    Mike H from Montana, she rose to $109 million dollars, how much more do you want her to rise? LOL!!!!!!!!!!!!

    April 4, 2008 04:29 pm at 4:29 pm |
  25. sasha kando

    She claims that she speaks for the everyday man/woman and knows their pain and the hardships they are going through. Folks, this is just as accurate as me telling each and everyone of you that your dad owns one of the oil companies and you have nothing to fear with the downward slide of the economy. She has more in a day than you could hope for in a lifetime. Just words, man – don't think that she will even remotely know what "real" life is like. She only wants your vote to get into power.

    April 4, 2008 04:29 pm at 4:29 pm |
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