11-16-2008-12-19-41-am

Foreign income makes up only a small part of Bill Clinton’s post-presidential speaking-circuit bounty.
Photo: AP

Bill Clinton’s apparent willingness to forgo foreign income in order to smooth his wife’s path into the Secretary of State’s office won’t put the couple into the poor house, publicly available financial records show.

Of the $111 million the Clintons have pulled in since leaving the White House, a little more than $8 million came from foreign sources, according to joint tax returns the couple released during Hillary Clinton’s contentious battle for the Democratic presidential nomination with President-elect Barack Obama, who is reportedly close to offering his vanquished rival the top diplomat’s post.

The Clinton’s foreign income, for which the tax returns show they claimed more than $650,000 in foreign tax credits, “was from speeches President Clinton abroad and income from the blind trust,” Jay Carson, a campaign spokesman, told Politico when the Clintons released their taxes in April.

The trust was dissolved last year, revealing that the couple had investments with Quellos, an asset manager accused of structuring offshore tax shelters.

Still, foreign income was only a small slice of Bill Clinton’s post-presidential speaking-circuit bounty, which came to nearly $52 million. The couple also collected more than $40 million for the two books each penned, including an eye-popping $15 million advance paid to Bill Clinton for his 2004 autobiography “My Life.”

If Hillary Clinton were to become Secretary of State, she would be legally barred from receiving most outside earned income, but Bill Clinton wouldn’t—provided it could be shown that it did not conflict with her duties as the nation’s ambassador to the world.

Plus, taxpayers would continue to fund the Clinton’s lifestyles to the tune of about $1.4 million a year. That’s accounting for the Secretary of State’s salary of more than $190,000 a year— a $20,000 raise from Hillary Clinton’s salary as a New York Senator—plus more than $1.2 million a year that Bill Clinton receives in presidential retirement benefits. Those include everything from a $200,000 annual pension to upwards of $50,000 for travel, about $160,000 in staff salaries and benefits and about $735,000 to rent and equip Clinton’s 8,300-square-foot Harlem penthouse office, which offers views of Central Park, the George Washington Bridge and most of Manhattan.

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