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Obamas File $2.7M Tax Return

It's a big pay cut from the year prior

By Ambreen Ali, Newser User

Posted Apr 15, 2009 4:55 PM CDT

(Newser) – With the country finishing up its taxes, the Obamas divulged their household income today, revealing a combined income of $2.7 million last year—significantly less than 2007’s $4.2 million. Most of it came from the president’s books, which raked in a combined $2.5 million. The couple donated $172,000 to charities and paid $855,000 in federal taxes, the Chicago Tribune reports. The Bidens reported making $269,000.

[Images (2)]

[Quotes (1)]

The Obamas made $2.7 million last year, significantly less than 2007's $4.2 million. (AP Photo)

The first two pages of President Barack Obama and first lady Michelle Obama's tax returns for 2008 are seen. (The White House)

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The president sold a lot
of books last year, no doubt, and paid a hefty amount in federal income tax. - Robert Gibbs, White House
press secretary

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COMMENTS

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Showing 3 of 9 comments

Caps

Apr 16, 2009 12:40 PM CDT

Good point Robert-Dada.

paul123

Apr 16, 2009 12:14 PM CDT

So what? If I made 2.7 million, I would be livid to be paying over 1/3 in taxes, close to 1million dollars! That's outrageous. Just because I made that much money, shouldn't mean i have to be punished and forced to give .87 million away. I'm sorry if 90 of the population is making less jack then me. Just think when Bush's tax cuts expire, he will have to pay even MORE, assuming he makes 2.7 mil again or better.

AmericaPrevails

Apr 16, 2009 11:45 AM CDT

Haha, sure Mr C. Look at the contrast of reporting during the Bush admin and now. If they are slamming Obama in the mass media, I don't see it anywhere. Even after he spent over 8 trillion dollars on the bail out after the public only authorized 1 trillion. Suprising? No! Because Government knows whats best!! Bohica

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Joe Biden • taxes • salary • tax returns • President Obama • Obama family

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Obamas File $2.7M Tax Return