Clinton Tax Returns: Success and Charity

by D. Cupples |  Hillary Clinton's campaign released the Clintons' tax returns from 2000-2006 and reported combined pre-tax earnings of about $109 million for those seven years and $20.4 million for 2007, according to the Associated Press.

Nearly half of their earnings came from Bill Clinton's speeches, and the Clintons paid $33.8 million in taxes from 2006-2007 (about 31% of their adjusted gross income). 

More impressive than their actually paying taxes is that the couple listed $10.25 million in charitable contributions, about 9.5% of their AGI.  According to the Clinton campaign, data for 2005 shows the average charitable donations among Americans earning $10 million or more is only about 3% of their income.

While Hillary made $10.5 million on her book Living History, she donated to charity earnings from her other book It Takes a Village.

Below is the Clinton campaign's breakdown of earnings and payments.

...................Payments..........................................................Income

Charity......$10,256,741..............Hillary's Senate Salary ..............$1,051,606

Taxes.........$33,783,507.............Bill's Presidential Pension..........$1,217,250

...........................................................Hillary's book.......................$10,457,083

............................................Bill's book............................$29,580,525

............................................Bill's speeches.......................$51,855,599

The Associated Press adds the following to the breakdown:

"Beside speeches and books, his 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."

Memeorandum has commentary.

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