Wednesday, Dec 07, 2016
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Politics

Clintons reporting $20.4M in '07 income

WASHINGTON - Sen. Hillary Clinton and former President Bill Clinton reported $20.4 million in income for 2007 and more than $109 million since 2000 as they gave the public the most detailed look at their finances in eight years. Almost half the former first couple's money came from his speeches.

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.

The Democratic presidential candidate and her husband paid $33.8 million in taxes from 2000 through 2007. They listed $10.25 million in charitable contributions during that period.

Mrs. Clinton has been under pressure to release her tax returns, especially from rival Sen. Barack Obama, who posted his 2000 to 2006 returns on his campaign Web site last week. Neither Mr. Obama nor Republican Sen. John McCain have made their 2007 tax returns public, though both say they will this month.

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.

According to a summary of the seven years provided by the campaign, the former president's speech income since he left the White House totals $51.85 million and his income from two books - My Life and Giving - totals $29.6 million. He has traveled worldwide to give paid speeches to multinational corporations, investment banks, and motivational groups.

Mrs. Clinton had $10.5 million in book income over that time from Living History. She donated earnings from her other book, It Takes a Village, to charity.

Her 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 falls far behind Mr. Obama's proficient fund-raising.

Mr. McCain's wife is heiress to her father's stake in Hensley & Co. of Phoenix, one of the largest beer distributorships in the country and her worth could exceed $100 million. But the couple has a prenuptial agreement that has kept most assets in her name. In his financial disclosures, Mr. McCain lists his major sources of income as his Senate salary of $169,300 and a Navy pension of about $56,000.

In 2006, Mr. Obama reported income of nearly $1 million, with nearly half of it from his second book, The Audacity of Hope. Last week, the campaign disclosed that Mr. Obama and his wife, Michelle, gave $240,000 to charity last year.

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