Clintons Pay $55,313 Federal Taxes on $263,000 in Income

President Clinton and his wife, Hillary, paid $55,313 in federal taxes on an adjusted gross income of $263,900 during his second White House year, according to tax returns released Friday.

The tax represented 21% of the couple’s combined income.

The return shows that because of overpayments, the Clintons are due a refund of $14,418. They have elected to apply $7,500 of the overpayment to their 1995 income taxes and will accept an actual refund of $6,918.

In addition to the President’s $200,000 government salary, the couple’s income included interest and dividend income and capital gains on the holdings of a blind trust, a refund of 1993 taxes paid to the state of Arkansas and residual payments and royalty income.

The return also reports income to Mrs. Clinton of $12,000 from the “Henry G. Freeman Jr. Pin Money Fund.” The fund was established under a 1912 will to supplement the income of America’s presidential families. The White House said Mrs. Clinton intends to contribute the proceeds of the fund to charity.

The President also filed a return on behalf of his daughter, Chelsea. It shows $911 in tax on an income of $6,678.

The White House also released federal tax returns for Vice President Al Gore and his wife, Tipper. They showed income of $414,705 and taxes of $142,688. Approximately $220,000 came royalties on the sale of Gore’s best-selling book, “Earth in the Balance.”