Obamas Paid Nearly $454,000 In Taxes On $1.7M Income
Today, the president released his 2010 federal income and gift tax returns. He and the first lady filed their income tax return jointly and reported an adjusted gross income of $1,728,096.The vast majority of the family's income is the proceeds from the sale of the president's books. The Obamas paid $453,770 in total federal tax.The president and first lady also reported donating $245,075 -- or about 14.2% of their adjusted gross income -- to 36 different charities.
I thought that I owed a lot in taxes! I guess I should stop complaining. I hope you guys all got your taxes sent off in time.