Hillary and Bill Clinton have made more than $109m (£55m) since they left the White House seven years ago, according to tax records released yesterday.
The Clintons paid more than $33m in taxes on their income and donated about $10m to charities between 2000 and 2007. Their recent income came largely from their best-selling books, Bill Clinton’s public speechmaking and the former president’s payments from an investment firm partly controlled by the Dubai government.Hillary Clinton has faced pressure from presidential rival Barack Obama to release her tax returns since his were unveiled last month. Her campaign ultimately outdid Obama’s by releasing the Clintons’ estimated taxes for 2007, which show a joint income of $20.4m.
The disparity between the Democratic candidates’ financial situations is striking. Both are considered wealthy by American standards, but the Clintons reported more than $16m in joint income in 2006, while the Obamas made slightly less than $1m.Clinton earned more than $10m from the Dubai-linked firm, Yucaipa Companies, since 2005. The couple also earned $800,000 in the past two years from InfoUSA, a database company under investigation by US securities agents for misusing corporate funds.
"The Clintons have now made public 30 years of tax returns, a record matched by few people in public service," a campaign spokesman said in a statement.The Clintons last made their returns public in 2000 when they reported an adjusted gross income of $416,039.Nearly half of the Obamas’ 2006 income came from the publication of his second book, The Audacity of Hope.
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