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. Sunny

    Hillary, Our next President!!!1

    April 4, 2008 04:31 pm at 4:31 pm |
  2. DeniseGA

    WORDS= 50 million dollars

    Words are worth a lot!

    April 4, 2008 04:31 pm at 4:31 pm |
  3. st louis typicl whte male

    And who keeps saying Obama supporters are more educated and elite? Where did this Myth get born?
    Idiots... can't see the heart and the greatness of such a person in Hillary. Did anyone bother to share how little Obama gave to charitable causes? It was something like $2,000. Pathetic.

    Hillary is the better and more qualified candidate. She will prevail... for if she doesn't we will be stuck with McCain. I would never vote for Obama – what has he done?

    April 4, 2008 04:31 pm at 4:31 pm |
  4. Joe, York Beach, Maine

    So now the Hillarites are saying that Billary showed more than Obama in tax returns. You guys are pathetic. Hey...if Billary make so much, how the hell can they say they're for the "blue collar vote" who can't afford to feed their families. But the Hillarites are saying "Good for you, Hillary!" Wow...Clinton supporters suck!

    April 4, 2008 04:31 pm at 4:31 pm |
  5. Mark Webb

    109 million!!!!!! DOLLARS????

    April 4, 2008 04:31 pm at 4:31 pm |
  6. sacto joe

    Just another "coverup" for the Mark Penn Columbian debacle. They obviously have kept this in reserve until something potentially devastating like this came up, so they can distract the newsmakers with it.

    Nobody ever accused Senator Clinton's handlers of being stupid!

    April 4, 2008 04:31 pm at 4:31 pm |
  7. 2008 for Obama

    WHY ARE YOU RELEASING THEM ON FRIDAY, SOMETHING FISHY.
    ARE YOU ALSO TRYING TO DISTRUCT US FROM THE MARK PENN STORY, NOT GOING TO WORK BILLARY

    April 4, 2008 04:31 pm at 4:31 pm |
  8. rafael

    hey sw, the only irrational thinking here, is woman voting for hill only becasue she's a woman!!!!!

    April 4, 2008 04:31 pm at 4:31 pm |
  9. Rusty from IL

    I guessing no bad news will be found in the details or they would have been delayed longer. These were all finished over a year ago and were released today. Let's see what 2007 returns have in them - if they get released before PA.

    April 4, 2008 04:31 pm at 4:31 pm |
  10. Isaac, Wisconsin

    Bravo Hillary. Hope Tim Russert and the Obama people will be satisfied....Go Hillary Go Hillary

    April 4, 2008 04:31 pm at 4:31 pm |
  11. Bukky

    "Paid for by Hillary Clinton for President Terms of Service | Privacy Policy | Contact Us"

    No Not shady at all... LOL

    April 4, 2008 04:31 pm at 4:31 pm |
  12. Melanie, TX

    I'm glad she released them. Would like to see the 2007 return as well. Is there any way to verify the veracity of them? I don't think the IRS can legally comment, as that would surely be a violation of privacy. Are we just supposed to believe this? Really?

    1) NAFTA – she blamed Barack but it was her campaign
    2) Colombia – her main strategist fighting for free trade she claims to be against
    3) Sniper fire (*snicker*)
    4) Chelsea at the 9/11 site when it happened
    5) I did/did not/might have/ said Obama can't be elected

    I don't believe these tax returns are real unless they can be verified by a third party. Which I'm not sure they can. So kinda useless really.

    April 4, 2008 04:31 pm at 4:31 pm |
  13. Obamista NYC

    Now what about that Bill Clinton Library? When's that list going to become available?

    April 4, 2008 04:32 pm at 4:32 pm |
  14. Jason

    In fact, I'm running for President.

    April 4, 2008 04:32 pm at 4:32 pm |
  15. Drew

    Keep looking for reasons to go after her. When you all see Obama for what he is, you will all whine about how he didnt help you at all. By 2012, with McCain or Obama in office, you will all be crying out for Hillary Clinton, and if i were her, i would turn around and tell you all to stick it.

    April 4, 2008 04:32 pm at 4:32 pm |
  16. Debra

    She has donated $10.2 million to charities. Not bad.

    April 4, 2008 04:37 pm at 4:37 pm |
  17. Diane Holmes

    Boy was I amazed to learn of the amount of money that the Clinton's raked in after leaving the White House with a debt of $10mil. How/Where did they really earn this money? I find it ironic that they seem to become rich after the NAFTA deal. If Bill can LIE about Lewinski and Hillary can LIE about Bosnia, I can't believe anything that they say. I know for sure without a shadow of a doubt, that Obama should be our next president. McCain and Clinton, dear friends with a common bond (privileged), can't relate to people like me with real problems.

    April 4, 2008 04:37 pm at 4:37 pm |
  18. SPYTURTLE

    FINANCE YOUR OWN CAMPAIGN.

    April 4, 2008 04:37 pm at 4:37 pm |
  19. Martin Thuss

    Now is the time to step down and let it go! Take a vacation Hilary.

    April 4, 2008 04:38 pm at 4:38 pm |
  20. 08-Dem

    HOLD THE PHONE! – Bill made $51,000,000 for "Just speeches". Wasn't it Hillary that said Speeches don't put food on the table?? LIKE HELL THEY DON'T!

    April 4, 2008 04:38 pm at 4:38 pm |
  21. jfs Memhis, Tn

    Thanks............they've come along ways from Arkansas. You Hillary people should visit this state sometime. You willl see one of the poorest and most uneducated states in the nation. This was used as a stepping stone for the careerers of either Clinton. THESE ARE HUGE SUMS OF MONEY FOLKS. They are generous with donations I would love to know how much went to their home state down here in the South. We could have used not only the money but also a leader such as Hillary in Ark......wonder why she chose New York to start her run for the presidency??? There's much more to this story than what meets the eye. Maybe Mr Penn can help shed some light on this issue???

    April 4, 2008 04:38 pm at 4:38 pm |
  22. constituent from punjab

    am i the only one who sees something fishy about the amount of anti hillary comments posted up on the cnn site?

    Now I know where that 40 million a month obama has been accumulating is ending up....

    April 4, 2008 04:38 pm at 4:38 pm |
  23. lanae

    Finally....Now lets see her EARMARKS and clinton library donar list that is also missing.

    April 4, 2008 04:38 pm at 4:38 pm |
  24. Ken, LA California

    Why release it on the 40th Anniversary of MLK, sneaky to say the least. She should stop asking poor people for donations for her campaign if she wants it that bad let her use her money. Now we want the list of donations to the foundation.

    April 4, 2008 04:38 pm at 4:38 pm |
  25. Don

    Those are joint returns folks. Bill makes the most now as a private citizen.

    April 4, 2008 04:39 pm at 4:39 pm |
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