Archive for "2008 income tax returns"

President Releases His Tax Returns

April 16th, 2009

President Barack Obama earned nearly $2.7 million last year and paid some $855,253 in federal taxes, according to the president’s 2008 tax returns, which were released by the White House on Wednesday. The president and first lady also chose CARE and the United Negro College Fund among the 37 charities that got a cut of the $172,050 they paid in donations. The previous year, the Obamas gave $240,370 to 33 charities, including $35,000 to CARE, and $50,000, twice as much, to the United Negro College Fund. As for Vice President Joseph Biden and his wife, they reported an adjusted gross income of $269,256, and an after-tax income of $183,315. They paid $46,952 in federal income taxes, and donated $1,885 to charities.

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