WASHINGTON (AP) — President Barack Obama paid more than $81,000 in taxes last year on adjusted gross income of more than $436,000. Their effective federal income tax rate was 18.7 percent.
That’s according to income tax returns for Obama and his wife, Michelle. The White House released the returns Friday ahead of the April 18 federal filing deadline.
Obama also reported donating $64,000 to charity, or about 15 percent of their income.
His largest charitable donation — just over $9,066 — went to the Fisher House Foundation. The organization aids wounded service members and their families.
Vice President Joe Biden and his wife, Jill, paid more than $91,500 in federal taxes last year on adjusted gross income of more than $392,000.
The Bidens reported $6,620 in donations to charity.
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The Obamas donated $64,000 to charity. Let’s see…that’s $64,000 more than Donald Trump has donated.
Decent folks. Gonna miss ya bad!!
Now I think being potus is a very busy job…yet the obamas have time to release their tax returns yet Bernie does not…very interesting
The Law of Attraction…what you put out, you get back. The universe will respond in kind. Good things will come to Barack and Michelle.
They already have.