How Much did President Obama and the First Lady Pay in Taxes Last Year?
Yes, even presidents have to pay and file tax returns. President Obama and first lady Michelle Obama filed joint 2010 tax returns and reported an adjusted gross income of $1,728,096. Most of the income came from the president’s books, with his most recent one being a children’s book titled “Of Thee I Sing.”
The White House released details of their returns Monday afternoon, which is an adjusted tax day due to a D.C. holiday.
So just how much did they have to pay in federal taxes? The grand total is $453,770. They also paid $51,568 to Illinois in state taxes.
Their refund totaled $12,334.
The first couple gave $245,075 to charity to 36 different charities including $131,075 to the Fisher House Foundation, which created a scholarship fund for kids of fallen and disabled soldiers. Their charitable contributions are about 14 percent of their income.