Clintons Pay Tax of $91,964 --on Income of $569,511
Although no longer millionaires, the president and First Lady Hillary Rodham Clinton paid $91,964 in federal taxes last year on adjusted gross income of $569,511, the White House reported Monday.
As with a growing number of working couples, the main breadwinner was the wife, with Mrs. Clinton reporting $281,898 in royalty income from her 1996 book, “It Takes a Village.”
The first couple’s federal tax return shows that the president was paid a $200,000 salary and got a $76 royalty payment from his 1992 appearance on the Arsenio Hall television show. The Clintons reported just over $65,000 in capital gains, and $12,000 from a special fund set up in 1912 for the presidential spouse.
They also reported a refund in 1996 taxes paid to the state of Arkansas, where they are paying half the mortgage on a home for Mrs. Clinton’s mother.
The Clintons made $270,725 in charitable contributions, mostly from Mrs. Clinton’s book royalties and the $12,000 spouse fund. Although the White House declined to release a list of the Clintons’ charities, White House spokesman Barry Toiv said that the donations went mainly to organizations that help children, such as children’s hospitals, as well as to churches and colleges.
Two years ago, fueled by $742,852 in royalties from “It Takes a Village,” the Clintons reported income of $1,065,101.
Vice President Al Gore and Tipper Gore also released their tax returns Monday, reporting income of $197,729 and federal taxes of $47,662. The Gores’ income included a vice presidential salary of $171,500, just over $20,000 in rental income and $2,650 in royalties from the vice president’s book, “Earth in the Balance.”
The Gores listed $353 in charitable contributions, a plunge from $35,530 the previous year. The decline in contributions reflected a drop-off in proceeds from Tipper Gore’s book, “Picture This,” said Chris Lehane, a Gore spokesman.