Clinton releases tax returns
[cnn-photo-caption image= http://i.cdn.turner.com/cnn/2008/images/04/01/art.clinton0401.ap.jpg caption="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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TIMING:
PERFECT TO DISTRACT FROM THE PENN SCANDAL.
109 million????
Blue Collar who?
Finally. At least she almost kept her word about releasing them in a week.
I will withold any comments until I actually see the rewturns!!!
Pretty sneaky trying to throw them out there on a late Fridy afternoon!!
Hillary, i hate you but bravo on finally doing something right, and releasing the statements.
Obama Richardson 08!!!
Now that she has released them, and released more than was needed, let's see Obama match that.
Hillary 08
Well It's About Time...
I bet they're faulty!
Thank you for releasing your tax returns. Please release your Earmarks and Presidential Library donor lists please.
Its about time! Lets see whats there and what has been omited...
Obama 08
Clinton is a lying two faced big business advocate
I was growing weary of the Obamanation's whining. Now sshhhhhhhhhhhhhhhhhhhhhhh.
$109 million!!! hold on to your hats, kids . . .
Wake up, American people!
I am so tired of CNN bias. Now. I think Obama and his campaign should really shut up with CNN as well.
This is good news for Hillary Clinton!
Go Girl!
Ummm how do you make 109 MILLION dollars in 8 years working for the little people... I didnt know the little people paid so well
OH WAIT THEY DONT
I hope people will finally realize that Hillary has h ad her entire life scrutinized more than anyone else in public life.
Rise Hillary.
Rise.
Hillary 08
Its about time. Let the distractions begin!
Of all the days for this to be release!!!
So where have all these hundreds of millions of dollars been coming from???
Why release today? The day our country is remebering Martin Luther King? I do't want to hear about how she and her husband ranked in $100 million and gave about $10 million to charity. Is it fair to say that if I had that much money – I would do more – like Oprah and Bill Gates – build some school or help in New Orleans?
What about 2007 and your donor lists? How convenient you relase them late Friday afternoon. By the way, at the Memorial for Dr. King, I thought she had the phoney choked voice and misty eyes. Not to mention she wore a black armband? I believe that one like I believe her other tall tales....dear God, this woman is pathetic!
How did they make $109 million working non-profit jobs?
C-O-R-U-P...
I didn't know 'public service' was such a lucrative undertaking. I should have stayed in the military, maybe I'd be really rich now.
Even if the tax returns showed nothing illegal, Sen. Clinton's reluctance to close ranks and conceal them indicate the same secrecy that frustrates citizens under the Bush administration.
What the public now craves is transparency. She has been reluctant to provide it.
Congratulations HRC for finally doing something so simple.
Oh, and low to slam the Obama campaign at the same time. Anything to take attention away from that slimeball Mark Penn today.