Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

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

(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.

Presidential hopeful US Senator Barack Obama, accompanied by...
Presidential hopeful US Senator Barack Obama, accompanied by...   (Getty Images)
 This image supplied by Vintage Espanol shows the cover of the Spanish-language edition of Sen. Barack Obama
This image supplied by Vintage Espanol shows the cover of the Spanish-language edition of Sen. Barack Obama   (Associated Press)
  (Associated Press)
Presidential hopeful US Senator Barack Obama and his wife Michelle...
Presidential hopeful US Senator Barack Obama and his wife Michelle...   (Getty Images)
Michelle Obama, wife of Democratic presidential hopeful and US...
Michelle Obama, wife of Democratic presidential hopeful and US...   (Getty Images)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Obamas Check Out White House

Obamas Arrive at White House

Obama: Family Would Be 'Fine' With One Term

How Restaurants Handle the Obamas

Birthday Boy Obama Heads to Chicago


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne