A few notes from a first review of the Clinton taxes:
1. There is more than $12.4 million in partnership income from Yucaipa Cos., the investment vehicle of Clinton billionaire buddy Ron Burkle (left). In 2007, there's another $2.75 million in partnership income that likely also comes from Yucaipa. But we don't have an actual return, and the Clinton information sheet doesn't say specifically that it's Yucaipa.
2. At least $800,000 in income from InfoUSA, owned by somewhat controversial Clinton friend Vin Gupta.
3. The Clintons' charitable giving (largely to their foundation) is impressive at $10 million. But the biggest chunk, $3 million, came last year, as she ran for president. They gave $2.5 million in 2004, $1.75 in 2005.
4. Also worthy of note: The returns list various investments in an entities with the name Quellos -- s/a Quellos Alpha Engine LP. Politico suggests this may connect to a somewhat notorious tax shelter promoter.
Comments (3)
Where's Mark Penn?
I miss hearing Vin Gupta doing his own InfoUSA commercials on the radio (WFAN). His accent made it a challenge to figure out what he was saying.
They stopped running the spots with his voiceover when his story broke.
You may have a tax professional analyze to see that the income was reported as self emplyment from services.
Clinton Tax returns show $15,406,527 from
Yucaipa Global Opportunities Fund 1, LLC.
2003 $1,000,000
2004 $4,000,000
2005 $5,000,000
2006 $2,656,527
2007 $2,750,000
Bill Clinton's affiliation with billionaire Ron Burkle's Yucaipa Companies .
Mrs. Clinton’s Senate financial-disclosure form, which includes spousal income, reveals her husband in 2005 received “guaranteed” partnership payments from Yucaipa Global Opportunities Fund I LLC of “over $1,000.”