BREAKING NEWS: Bill Clinton and Hillary Clinton took in $109 million since 2000
It pays to be an ex-president. The Clintons -- Bill and Hillary -- reported $109 million in income from 2000, his last year in office, through estimates for 2007, the campaign said this afternoon. The couple paid more than $33 million in federal taxes and donated more than $10 million to charities.
That left post-tax earnings of a little over $57 million -- a pretty good Lotto jackpot. Specific income included just over $1 million from Hillary Clinton's Senate salary, and $1.2 million from a presidential pension. An additional $10.4 million came from Hillary Clinton's book income, a third of what her husband took in -- $29.6 million. The big cash cow: President Clinton's speech revenue: nearly $52 million.
All the details are available here. The campaign release is after the jump* ....
-- Scott Martelle
*item has been edited
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 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 here: