Friday, April 04, 2008

$109 million - $10 million to their OWN charity

Do you want to be ruled by the mega-rich? Then elect Hillary. Townhall online
Sen. Hillary Rodham Clinton and former President Clinton made nearly $109 million since they left the White House, capitalizing on the world's interest in the former first couple and lucrative business ventures. The Clintons reported $20.4 million in income for 2007 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 Bill Clinton's speeches. The tax returns are a portrait in post-presidential success. The Clintons, who had lived in taxpayer-paid housing in the governor's mansion in Arkansas or the White House for years, left the presidency struggling with a legal defense fund stemming from a spate of investigations. They now are wealthy enough that she could lend her presidential campaign $5 million earlier this year. 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. 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 Obama nor Republican Sen. John McCain has 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 for 1999. Since then, the former president has embarked on a number of business ventures and has made millions from speaking engagements and books.
The "charitable" donations were to their own charity. Good deal, give money to yourself and get a tax deduction.


Freeven said...

Obama released his tax returns last week. TaxProf Blog gives a nice summary of both the Clinton and Obama returns. (Follow the links.)

Personally, I don't care about any of this unless someone is doing something illegal or untoward. It's their money. They earned it. They can do what they want with it, and more power to them. said...
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Unknown said...
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