Obamas Report $5.5M In Earnings For 2009
From NYTimes.com:
WASHINGTON — President Obama and his wife, Michelle, reported earnings of $5,505,509 in 2009, more than double their 2008 income of roughly $2.6 million, according to tax returns made public on Thursday by the White House.
Mr. and Mrs. Obama, who listed their occupations as “U.S. President,” and “U.S. First Lady,” reported wages, salaries and tips of $374,460. (Mrs. Obama is unpaid.) The vast majority of the first family’s income stems from sales of the president’s two best-selling books, “Dreams from My Father” and “The Audacity of Hope.”
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The Obamas paid nearly $1,792,414 in federal income tax, the returns show, and donated $329,100 — nearly 6 percent of their income — to 40 charities. Their largest donations were $50,000 contributions each to CARE, a humanitarian organization that fights global poverty, and the United Negro College Fund.
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