Monday, April 18, 2011

Presidenting really pays off financially

President Obama released his tax return. Barack and Michelle raked in $1.7 million last year. Most of the income was from sales of Bill Ayers Obama's books.
(MSNBC) — President Barack Obama and his wife Michelle reported a joint adjusted gross income of about $1.7 million in 2010 and paid $453,770 in total federal taxes, the White House announced Monday.  They also paid $51,568 in state income taxes in Illinois.

The president and his wife also reported donations to 36 different charities totaling $245,075, with the largest single donation going to the Fisher House Foundation, a program that supports the families of members of the military receiving special medical care.

Their tax returns are online here.

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