Clintons Report $109 Million in Income Over 8 Years
The Clintons report $109 million in income between 2000 and 2007. (AP Photo)
It’s good to be the Clintons.
On the same day that she proposed creating a cabinet-level position devoted to ending poverty, Hillary Clinton and her husband reported earning more than $109 million over eight years in newly released tax data.
Hillary and Bill Clinton paid $33.8 million in federal taxes from 2000 through 2007. They listed $10.25 million in charitable contributions during that period.
The total income reported in that period was $109.2 million, with the most money — $51.9 million — coming from Bill Clinton’s speech income. Earnings from his two books — “My Life ” and “Giving” — totaled $29.6 million.
Hillary Clinton had $10.5 million in income from her book “Living History.” She donated earnings from her other book, “It Takes a Village,” to charity. Plus she earned about $1 million through her Senate salary and her husband earned a little over $1 million through his presidential pension.
They reported their after-tax earnings at $57.2 million.
“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,” the Clinton campaign said in a statement.
The campaign released tax returns from 2000 through 2006 and gave highlights from their 2007 return. The Clintons have asked for an extension for filing their 2007 tax returns, citing the dissolution of a blind trust last year.
Clinton had been under mounting pressure to release the tax returns, especially from rival Barack Obama, who posted his 2000 to 2006 returns on his campaign Web site last week.
Barack and Michelle Obama’s income was significantly less than the Clintons’. They earned close to $1 million in 2006, according to their returns.
The itemized earnings the Clinton campaign provided in its summary only added up to $94 million, leaving $15 million unaccounted for.
But that difference can probably be located in practically one source. Besides speeches and books, Bill Clinton’s biggest single business income is from his partnership with Yucaipa Global Opportunities Fund, a Los Angeles-based investment firm founded by longtime Clinton fundraiser Ron Burkle. Between 2003 and 2006, the returns show total Yucaipa partnership income of $12.5 million. The 2007 summary provided by the campaign lists $2.75 million in partnership income.
President Clinton also has been an adviser to InfoUSA, a data company whose chief executive, Vinod Gupta, has been a major donor to Democrats and gave at least $1 million to Bill Clinton’s presidential library in Arkansas. Clinton received $400,000 in payments from the company in 2006 and 2007, according to the documents.
The Clintons last made their returns public in 2000 when they reported an adjusted gross income of $416,039. Since then, the former president has embarked on a number of business ventures and has made millions from speaking engagements.
Clinton’s tax returns show that of the remaining presidential candidates, she is the one most able to access large amounts of personal money. She lent her campaign $5 million in late February and could contribute more if she finds herself falling far behind Obama’s proficient fundraising.
Neither Obama nor Republican Sen. John McCain have made their 2007 tax returns public, though both say they will this month.
Clinton said earlier Friday in Memphis, as she spoke in memory of Martin Luther King Jr., that she would appoint a cabinet-level position “fully devoted to ending poverty as we know it in America.”
Kate Obenshain, of the conservative Clare Boothe Luce Policy Institute, told FOX News: “There is an irony of putting this out on the day that you announce a cabinet-level position for poverty czar.”
But she said Republicans likely wouldn’t criticize her just for making money.
Democratic strategist Kirsten Powers said the tax returns do not conflict at all with Clinton’s statements on poverty.
“I reject the idea that there’s some sort of conflict between people who make a lot of money actually caring about the poor,” she said.
Click here to see the Clintons’ tax returns.
Click here to see a breakdown of the 2000-2006 returns.
The Associated Press contributed to this report.
The gave over 10 million to charity which is around 10 % and that is generous and in touch with people in need,especially since Obama only gave 2-3 % of his income and that was given to “black charity .The Clintons gave their 10% to diverse charities.
From NBC’s Jim Popkin
A few quick observations from the Clintons’ tax returns:
– The Clintons’ wealth has skyrocketed since President Clinton left the White House.
– In Clinton’s first year as president, 1993, he and Hillary Clinton reported total income of $293,757.
– Last year, their estimated total income was $20.4 million.
– That is an increase of 6,900%. Or to put it another way, their income last year was 69 times greater than their first year in the White House.
A business man makes that kind of money and he faces the confiscatory wrath of the irs for the balance of his life. The clintons, and their kind, power a system that creates tens of trillion in $ debt for future generations and are rewarded with money confiscated from their victims at gun point. The legacy of Socialist America is the most confiscatory tax and spend police state ever created by man. the clintons live in comfort insulated from the consequences of their brutal philosophy…all at our expense.
This system is like a trip to the electric chair with the choice…ac or dc.
The headline show the Clintons income over 8 years. Then the Clintons announced the income as $109,000,000.00 between 2000 and 2007. This would mean 2001, 2002, 2003, 2004, 2005, and 2006, which is six years. Please find out and report the Clintons income by each tax year.
Thank you John, I’ve never made a comment until now.
Do you remember when the witnesses mysteriously died?
no budd curtis, no one will get a grip and say that the returns are proof that the clintons aren’t still up to their deceptive, scandalous ways. you don’t think they’re wealthy and caniving enough to airbrush out the “unpleasant” details?????????????? these are evil people we’re dealing with after all.
So we have the case of the former President of the United states, former Governor of the State of Arkansas, with the wifey having no visible means of support. Now, after said President ne` Governor made nothing but the public money of less than $200k per year, suddenly reports income of $100million in the eight years following his public service and in the eight years of her being a junior Senator from New York.
Why are we thinking there is an income disconnection here? What has Billy been selling, and to whom was he selling it, and for what price was he selling it.
We only need to determine what “it” was being sold. Quite frankly, “it” is likely entry into the corridors of power in the House and Senate. “It”, in an evil world, might be Bill’s selling everything he knows about US security processes to those who have no need to know, but an insatiable desire to want to know, at “whatever price”.
It’s time to follow the money with these two grifters. God probably knows, but us human subjects of God need to know what was being sold.
Jim
Cliton earns so much money after taking the president office. How great a gold position to be a president!!
Oh that we all could earn 30 million for writing books about “our lives” and how we “give”….
I admired Hilary so well. A good money earner and definately be a good president. Haha