MainStreet.com: Clintons Release Their Tax Secrets
It may take a village to raise a child, but
it only took Barack Obama's openness
to get the Clintons to release their tax returns.
Late Friday, April 4, the Clintons finally unveiled their tax returns from 2000 to 2007 --
click here
to get the full info release, or scroll down -- and it turns out that since they left office, the duo have grossed $109 million.
Here are the Clintons' biggest hauls:
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
Our favorite part? That he still collects a pension! We were convinced that no one still got those anymore. Very retro.
And, why did they release the info on Friday afternoon? Check back on
on Monday morning when we'll tell you the best time for you to release your sensitive news. We'll also tell you how you can make some extra coin giving speeches. Maybe not $51.8 million worth, but something.
Have a good weekend! Considering what the Clintons made for putting pen to paper, it might be a good time to get back to writing that book!
Clinton Release on Taxes
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.
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.