Friday, April 16, 2010

OBAMA PAID 1.8 MILLION IN FEDERAL INCOME TAX

President Barack Obama and his wife Michelle on Thursday reported earning $5.5 million in 2009, the bulk of it from sales of his various books, the White House announced.

By contrast, former President Bush and Laura Bush reported a taxable income of $719,274 in 2007.

The Obamas paid nearly $1.8 million in federal income tax and reported giving $329,100 to 40 charities. Their tax return is here.

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