The White House
Office of the Press Secretary
STATEMENT BY THE PRESS SECRETARY
The President and Mrs. Clinton's 1995 federal income tax return shows that they have $75,437 in Federal Income Tax on an Adjusted Gross Income of $316,074, of which $200,000 was the President's salary. The return shows that the Clintons made an overpayment on their taxes during 1995 of $5,656. The Clintons have elected to apply this overpayment to their 1996 income taxes.
In addition to the President's salary, the Clintons' income included interest and dividend income and capital gains reported by Boston Harbor Trust Company, the Trustee of the Clintons' blind trust; other interest and dividend income; a refund of 1994 taxes paid by the Clintons to the State of Arkansas; and residual payments and royalty income.
The return also reports dividend and interest income of $12,000 from a "Henry G. Freeman, Jr., Pin Money Fund," established under a 1912 will for whoever is, at a given time, the spouse of the President of the United States. Mrs. Clinton intends to contribute this income to charitable entities, as she has in prior years.
The Clintons today also filed a federal income tax return on behalf of their daughter, Chelsea, which shows $1,774 in tax on income of $12,468.