Want to See President Obama’s Tax Returns?
Matt | On 19, Apr 2011
The 2011 tax deadline has come and gone for Americans as of Monday night.
Even President and Mrs. Obama had to fork over their fair share of taxes for 2010. The White House has released the tax returns of both the Obama and Biden families for you to review.
The Obamas paid over $453,000 in federal taxes, but they earned $1.7 million for 2010. They also paid Illinois state income taxes. Their income is down from 2009, but it’s still nothing to laugh at. Most of their money came from the sales of the president’s books – 1995’s “Dreams From My Father,” “The Audacity of Hope” in 2008, and a children’s book last year titled “Of Thee I Sing: A Letter to My Daughters.” By no stretch of the imagination are they broke!
The First Family was pretty charitable last year. They gave over $245,000 to 36 different charities, including $15,000 to the Clinton-Bush Haiti Fund.
Vice President Biden and his family earned nearly $380,000 in income in 2010. They paid $86,626 in taxes and gave $5,350 in monetary and in-kind donations to charity. The family paid both Delaware and Virginia state income taxes. They are not living pillar to post either!