Obamas report 2008 income of $2.6 mnApril 16th, 2009 - 7:13 am ICT by IANS
Washington, April 16 (DPA) US President Barack Obama and First Lady Michelle reported income of more than $2.6 million in 2008, documents released by the White House showed Wednesday.
The vast majority of the $2,656,902 million reported by the Obama’s came from proceeds from the president’s book sales, the White House said. The couple paid $855,323 in federal income tax and $77,883 in Illinois state income tax.
The Obama’s donated $172,050 to charity.
The White House released the Obama tax forms on the same day as the annual deadline for all Americans to file their taxes with the Internal Revenue Service.
Vice President Joseph Biden and wife Jill reported an adjusted gross income of $269,256.
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