What Did the President Pay in Taxes? Barack Obama’s Tax Returns Released
I’ve blogged about the numerous Obama administration nominees to have tax troubles - and now the White House has release Obama’s tax returns. Here’s a great blog post about what we can learn from Obama’s tax returns.
According to the Washington Post, Barack Obama earned about $2.6 million from the sale of his books, “The Audacity of Hope” and “Dreams From My Father” - which represent the vast majority of the First Couple’s income. Together, they paid about $855,000 in federal taxes. They would have received a $26,000 refund, but asked that the amount be applied to their 2009 income taxes instead.
The White House also released the tax returns for Vice President Biden and his wife, Jill Biden. The couple earned far less than the Obamas, reporting income of about $270,000. Biden paid about $47,000 in federal taxes.
You can view Obama and Biden’s tax returns here:
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