4.16.2009

Obamas’ Earnings Stayed High in ’08

http://www.nytimes.com/2009/04/16/us/politics/16obama.html?_r=1&hp
http://nymag.com/images/2/daily/intel/08/05/19_baracksmassivecash_lg.jpg

WASHINGTON — President Obama and his wife released their 2008 federal tax return on Wednesday, showing that they paid $855,323 in federal income taxes on a combined household income of $2,656,902[!!! Crisis? What crisis?].

Mr. Obama and Michelle Obama also reported giving $172,050 — nearly 6.5 percent of their earnings — to 37 charities, including $25,000 contributions to CARE, a global antipoverty group, and to the United Negro College Fund.

For the fourth year in a row, most of the Obamas’ income came from royalties from his two books: “Dreams From My Father” and “The Audacity of Hope.”
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