The White House today released the 2012 tax returns from the Obamas and the Bidens:
- Obamas: The president and first lady earned $609,000, with 40% of that from book sales. They paid $112,214 for an effective tax rate of 18.4%, and they donated about a quarter of their income to 33 charities. The income is the lowest of President Obama's presidency, reports AP. When his book sales were booming in 2009, the Obamas pulled in $5.5 million. Last year, they grossed about $790,000.
- Bidens: The VP and wife Jill had an adjusted gross income of $385,072 and paid $87,851 in federal income taxes (22.8%). The Bidens donated about $7,000 to charity. One quirk: The couple made about $26,000 in 2012 by renting a cottage near their Delaware home to the Secret Service, reports Politico.
- The White House has both returns in PDF form: Click for the Obama return and the Biden return.