Thursday, April 16, 2009


With the tax return deadline of Apirl 15 passing, the first family's returns have become public.

They filed their income tax returns jointly and reported an adjusted gross income of $2,656,902. The vast majority of the family's 2008 income is the proceeds from the sale of the President's books. The Obamas paid $855,323 in federal income tax.

The Obamas also reported donating $172,050 or about 6.5% of their adjusted gross income to 37 different charities. The largest reported gifts to charity were $25,000 contributions to CARE and the United Negro College Fund.

The First Couple also released their Illinois income tax return and reported paying $77,883 in state income taxes.

GV Says: Wow....Nothing sacred when you're the Prez.

No comments: