Here's the Friday night news dump: The Clintons had gross income of $109 million for 2000 to 2007, according to newly released tax documents. President Clinton made $51.8 million speeches over eight years and $29.6 million in book income, while Sen. Clinton made $10.5 million in book income.
The Clintons paid $33.8 million in taxes between 2000-2007, or 31% of adjusted gross income, and gave $10.26 million to charity over eight years.
More details will be coming as reporters scrutinize the documents.
The Political Insider lists 5 good reasons why Hillary Clinton released the records of her tax return today. I think they are very interesting.
1. News coverage will continue to focus on the 40th anniversary of the Martin Luther King, Jr. not on Hillary Clinton's tax return records.
2. There are still more than two weeks until the Pennsylvania primary.
3. It buries the story about chief strategist Mark Penn's conflicts of interest.
4. Many people are more interested in watching the Final Four and first weekend of baseball season.
5. It's Friday. The weekend is coming up and people have other worries rather than Hillary Clinton's tax returns.
Source: Based on Political Wire and Political Insider reports
Hillary and Bill Clinton Tax Returns Provided By Hillaryclinton.com
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.