Obamas Aren't Millionaires —This Year

Tax returns show drop in candidate's income, mostly royalties
By Sarah Levy,  Newser User
Posted Apr 17, 2007 9:09 AM CDT
Presidential hopeful US Senator Barack Obama, accompanied by...    (Getty Images)
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(Newser) – Barack and Michelle Obama unveiled their 2006 federal income tax return yesterday, offering a peek into the wallet of one of the least affluent presidential aspirants. The couple reported $983,826 in taxable income in 2006—a comedown from 2005's $1.6 million.

The pen, it seems, is more lucrative than Congress: Barack's book deals, though not as fruitful as last year, netted the Democrat a cushy $506,618 to augment his meager Senate salary ($157,082). Michelle pulled in her own six figures from her work at the University of Chicago hospitals, and the couple donated $60,307 to charity.