Clinton releases income tax returns for 2000-2006 show $109 million gross income.

Written By Sun-Times Wire Posted: 04/04/2008, 05:18pm

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Sen. HIllary Rodham Clinton (D-N.Y.) released tax returns for the years 2000-2006 on Friday afternoon. LINK

Disclosure of these returns has been an issue of Sen. Barack Obama (D-Ill.). The Clintons had previously released returns for the years President Clinton was in public life, in the White House and Washington. But the big interest is in the years since he left and reaped miillions of dollars once back in private life. Their gross earnings is $109 million and after taxes income for this period is $57 million.

Where did the Clintons’–who left the White House in 2000 with relatively little money–get this fortune over the years? Highlights from the campaign:

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

click below for more details…


Statement of Jay Carson, Clinton Campaign Spokesman

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.

2000 – 2007 TAX RETURN SUMMARY

HILLARY & BILL CLINTON

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 Clintons Senate Salary: $1,051,606

President Clintons Presidential Pension: $1,217,250

Senator Clintons Book Income: $10,457,083

President Clintons Book Income: $29,580,525

President Clintons Speech Income: $51,855,599

SENATOR CLINTONS BOOK INCOME: $10,457,083

Senator Clintons 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 CLINTONS BOOK INCOME: $29,580,525

President Clintons 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 CLINTONS SPEECH INCOME: $51,855,599

NOTE: The figures in this summary include 2007 estimates.

Annual tax information is available for download here:

www.hillaryclinton.com/feature/returns

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