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. Nate Sacramento

    Are you people dense? This article clearly says where the money came from. Yes, people pay a lot of money to hear the ex-president speak. Yes, writers of National Best Selling books make a lot of money. None of this this has ANYTHING to do with "lobbyists" or "corruption".

    By the way I heard LeBron James makes 100's of millions of dollars from playing basketball.

    April 4, 2008 04:29 pm at 4:29 pm |
  2. ch

    Glad to see that the Clintons who entered office with a net worth of about $200,000 have done well.

    It’s only fair considering how many Americans prospered during the Clinton years – you do recall the 22 million jobs created during his tenure, the lowest unemployment rate in history and the budget surplus don’t you

    Now maybe the Obama supporters can stop their whining and get their candidate to release his records from the years he spent as an IL state legislature that nobody can seen to find.

    Yes we can…change…hope …ugh.

    You Obama supporters are as nuts as the anti Clinton right wing and Obama CANNOT win without the support of the 12 million people like me who voted for Hillary. So should Barack Obama be the democratic nominee in November, I an seriously considering sitting this election out.

    No, he can’t … (not without the more than 12 million who have voted for Hillary)

    April 4, 2008 04:29 pm at 4:29 pm |
  3. common sense

    Why release today????????????????

    TO DISTRACT FROM MARK PENN'S LUNACY

    April 4, 2008 04:29 pm at 4:29 pm |
  4. Jeff Radun

    It is funny how the Obama babies have been screaming for her to release her taxes and the 2nd she does they say some negative remarks.
    I am a Hillary supporter and if she looses to Obama I would not vote for Obama just because of his supporters who I find disgustingly rude

    April 4, 2008 04:29 pm at 4:29 pm |
  5. Tex

    $109 million! Do you really think that with those numbers that the Clintons "feel your pain" especially those who are out of work, about to lose their homes, lacking health care, paying over $3 per gallon gas? Being an ex-President and a New York Senator is obviously very lucrative financially.

    April 4, 2008 04:29 pm at 4:29 pm |
  6. Jake, California

    Look, all you Hill Billies out there shouting now what. This is just the release of the records, none of us has no way of telling what's in them. Before you get so happy, remember your lady is fishy so let's wait till the analyst finish analysing these documents.

    I can almost bet my head that something sniper-fire-like is going to come out.

    remember you were excited when she release the white house records only to learn a few days that there was a lot of dirt in it?

    "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."

    YEAH , WE ARE WAITING FOR THE EARMARKS TOO!

    April 4, 2008 04:29 pm at 4:29 pm |
  7. SMOKE SCREEN, SMOKE SCREEN...

    THE CLINTONS ARE SO SNEAKY...THROW A BONE TO DISTRACT FROM THE PENN MATTER. UM, UM, UM, HEAD SHAKING

    April 4, 2008 04:29 pm at 4:29 pm |
  8. Dan

    You kidding me – 109 million!!! Life is good as a public servant....

    April 4, 2008 04:29 pm at 4:29 pm |
  9. I. Jones

    I'm willing to bet Hillary and Bill will not release the names of the donors to the clinton Presidential Library and the amounts unless the press put preasure on her to do so. Also Hillary and Bill started playing the Race Card and talking negative about Obama. Now when Obama fires back on the untrue statements she makes, Hillary complain about the press not treating her right. The American people who think for themselves are begining to see Hillary for who she really is. You can fool some of the people some of the time, but you can't fool all of the people all of the time with lies. Sooner or later you true self will come out no matter how hard one tried to hide their true self.
    Will the true Hillary please stand up?

    April 4, 2008 04:29 pm at 4:29 pm |
  10. Kirk in New York

    100 million.

    That's like 1,672 years of my income. I'm in the wrong business.

    April 4, 2008 04:30 pm at 4:30 pm |
  11. Cathy

    I think all of this Hillary bashing is getting old. Just because she is a strong woman who stands up for what she believes & has the news media constantly ridiculing everything she says or does is just wrong. She did what she said she was going to do, maybe not in the perfect time frame for all of you perfect people out there. So give her a break. Try taking a hard look at Obama and all of the lies & deception he is spilling out, but no, everyone wants to pick on Hillary. Why? Because she is a woman.

    April 4, 2008 04:30 pm at 4:30 pm |
  12. MP-Pennsylvania

    Why can't they donate $5 Mn to campaign rather than loan with an interest ? Just wondering........................

    April 4, 2008 04:30 pm at 4:30 pm |
  13. rafael

    hey thanks god, you should be weary of the bush tactics of releasing bad news at 4pm on Fridays!!!!!!!

    April 4, 2008 04:30 pm at 4:30 pm |
  14. jim

    they've been holding them just to head off a headline like the Penn-Columbia one. good politics, bad candidate.

    wonder if Ohioans are feeling like dummies for falling for Hillary's blue collar appeal?

    no one cares about obama's money before public office because no one had any reason to buy him off. he was still paying off student loans and working as a community organizer.

    April 4, 2008 04:30 pm at 4:30 pm |
  15. Ann

    Did any of the donations includes money to Monica?

    April 4, 2008 04:30 pm at 4:30 pm |
  16. IL

    $52 million for "speaking." In other words, for the last seven years, Bill Clinton shows up to a fancy dinner, talks for a half hour, and the wealthy and powerful line his pockets in return. And are we expected to believe that this money won't by influence in a (HR) Clinton Whitehouse?

    As far as I'm concerned, this shows 52 million reasons not to vote for HRC.

    April 4, 2008 04:30 pm at 4:30 pm |
  17. Let's not forget Mark Penn!

    Great Timing! Slick Willy...or should I say slick Hilly.

    Don't forget about MARK PENN!!!

    April 4, 2008 04:30 pm at 4:30 pm |
  18. Victor

    SW Are you actually listening to yourself. IT HAPPENING ON BOTH SIDES AND IT WOULD APPEAR HRC is leading in the trash talk dept.

    April 4, 2008 04:30 pm at 4:30 pm |
  19. jorge lopez

    Go Hillary, if no her no one ....

    April 4, 2008 04:31 pm at 4:31 pm |
  20. Val

    Thank you Senator Clinton. Now, what is this about Mr. Penn – seems to be a conflict of interest brewing.

    April 4, 2008 04:31 pm at 4:31 pm |
  21. Former Obama Supporter

    I guess Hillary's books are better than Obama's.

    April 4, 2008 04:31 pm at 4:31 pm |
  22. Fabian Philip

    What are the annual salaries for an Ex-President and a Junior Senator? I thought the Clintons were broke and owed lots of legal fees when they left the White House? Do books pay that much or is this investment income from White Water? How much of it came from the Middle East? Maybe, I should start writing. Something doesn't add up.

    April 4, 2008 04:31 pm at 4:31 pm |
  23. Thomas For Hillary

    Some of you Obama people are sick and need help!!!

    April 4, 2008 04:31 pm at 4:31 pm |
  24. Derrick

    Okay, so now that she has released her tax returns ONLY DAYS after Obama released his, WHAT WILL THE OBAMA CAMP have to CRY ABOUT NEXT?!

    Hillary released even MUCH MORE than Obama did... Let's see Obama come COMPLETELY CLEAN like Hillary!!!

    WHat is OBAMA HIDING?!!!

    Go Hillary! If not Hillary, then McCain!

    April 4, 2008 04:31 pm at 4:31 pm |
  25. Texas

    And she's advocating for the poor and less fortunate???

    Whatever it takes to get votes.....whatever it takes...

    April 4, 2008 04:31 pm at 4:31 pm |
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