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Apr 5, 2008 10:00 am US/Eastern
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Clintons Report $109M Income Over 7 Years
New York Senator Releases Her Joint Tax Returns With Husband, Former President Bill Clinton
WASHINGTON (CBS) ―
Sen. Hillary Rodham Clinton and former President Clinton report nearly $109.2 million in income since the end of Mr. Clinton's term in 2000, according to eight years of newly-released tax information. The couple reported $20.4 million in income for 2007.
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.
The couple released their tax returns for the years 2000 through 2006 and provided information regarding their 2007 taxes. The Clintons have asked for an extension for filing their 2007 tax returns, citing the dissolution of a blind trust last year.
Clinton has been under pressure to release her tax returns, especially from rival Barack Obama, who posted his 2000 to 2006 returns on his campaign Web site last week. Neither Obama nor Republican Sen. John McCain have made their 2007 tax returns public, though both say they will this month.
"The Clintons have now made public 30 years of tax returns, a record matched by few people in public service," said Clinton Campaign Spokesman Jay Carson. "None of Hillary Clinton's presidential opponents have revealed anything close to this amount of personal financial information."
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 his two books - "My Life " and "Giving" - totals $29.6 million.
Hillary Clinton had $10.5 million in book income over the period from her book "Living History." She donated earnings from her other book, "It Takes a Village," to charity.
Clinton's 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 finds herself falling far behind Obama's proficient fundraising.
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, McCain lists his major sources of income as his Senate salary of $169,300 and a Navy pension of about $56,000.
In 2006, Obama reported income of nearly $1 million, with nearly half of it coming from the publication of his second book, "The Audacity of Hope." Last week, the campaign disclosed that Obama and his wife, Michelle, gave $240,000 to charity last year.
(© 2008 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)