President pulled in $1.73M in 2010, based mostly on books
(NEWSER) - Barack and Michelle Obama reeled in $1,728,096 last year—a precipitous drop from the $5.5 million the first couple claimed the year before, according to tax returns released yesterday by the White House. And while Obama proclaimed in last Wednesday's speech that he doesn't "need another tax cut," he did indeed enjoy one: The New York Post reports that the Obamas saved about $100,000 thanks to the Bush tax cut extension. He also benefited from a $50,000 home-mortgage interest write-off, a deduction he has proposed lowering. More»
