Interesting. I thought he would have received that
already...
http://news.yahoo.com/s/bloomberg/20080405/pl_bloomberg/a1linki2axyk_1---snip---
The documents chronicle the Clintons' rising income since 1999, the last year for which they previously released a tax return. The couple earned $20.4 million last year, compared with less than $420,000 in 1999, the year before they left the White House.
The increase in their wealth is ``quite remarkable,'' said Stephen Hess, a political scientist at the Brookings Institution in Washington and a former speechwriter for President Dwight Eisenhower. ``They got the big bucks.''
The bulk of their income, $51.9 million, came from Bill Clinton's speeches, the campaign said in a summary. The former president also earned $1.2 million from his presidential pension and $29.6 million from royalties and an advance for his autobiography.
`Nothing Against Rich People'
In a speech in Grand Forks, North Dakota, Hillary Clinton used the occasion of her tax disclosures to criticize President George W. Bush's tax cuts, referring to her own wealth.
``I have nothing against rich people,'' Clinton told an audience of several thousand at the North Dakota State Democratic Convention. ``My husband has made a lot of money since he left the White House doing what he loves most, talking to people. But we didn't need Bush's tax cuts.''
Hillary Clinton earned $10.5 million in book royalties and advances and a total of $1.1 million from her Senate salaries since 2001. She paid $124,259 in ``collaboration fees and expenses'' for her book ``Living History'' in 2006, which earned her $554,788 that year.
``They paid taxes and made charitable contributions at a higher rate than taxpayers at their income level,'' campaign spokesman Jay Carson said in a statement.
Yucaipa Partnership
The former president, 61, received almost $2.8 million last year from his partnership with California billionaire Ron Burkle, whose Yucaipa Cos. maintain three investment funds in the Cayman Islands. In 2006, Bill Clinton earned about $2.7 million, most of it in the form of a ``guaranteed payment to partners'' from Yucaipa, according to the returns. In all, Bill Clinton earned $15.5 million from Yucaipa since 2003, the documents show.``As has been public for some time, the former president provides his best advice on potential investments, advocates generally on behalf of the funds, and seeks to create opportunities for investors to consider investing in the fund,'' Carson said in an e-mail.
Bill Clinton also earned $400,000 in 2007 as an adviser to infoUSA Inc., a data-mining company owned by Vinod Gupta, a longtime supporter.
The Clintons amended their 2004 and 2005 tax returns on Oct. 14, 2007, to correct underreporting of $106,731 and $144,127, respectively, because of clerical errors by their tax preparer.
In 1999, the Clintons earned $417,467, had $334,681 in taxable income after deductions including $39,200 to charity, and paid $92,104 in federal taxes.
Does anyone have a link to the returns? Did Burkle delay the payment to 2008? Or is it going to show up on the 2007 returns?
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