April 15, 2010 1:52 PM
The president and the first lady earned an income of $5,505,409 in 2009 and paid $1,792,414 in federal income tax last year, according to the Obamas' tax returns released today by the White House.
The Obamas joint tax filing shows that the majority of the familys income was from proceeds from the same of the Presidents books The Audacity of Hope, and Dreams from My Father.
The Obamas last year donated $329,100 to 40 different charities. The largest personal donation was $50,000 to CARE and the United Negro College Fund. The smallest donation, $150, went to Crusade of Mercy, an organized community health and social service resource in Chicago. The Obamas donated $5,000 to the Haiti Foundation of Hope. They also donated $250 to St. Johns Church and $200 to 19th Street Baptist Church in D.C., both churches which the Obamas attended this past year in Washington, D.C.
Much more: Obamas Earn $5.5 Million Last Year, Pay $1.8 Million in Taxes - Political Punch
The president and the first lady earned an income of $5,505,409 in 2009 and paid $1,792,414 in federal income tax last year, according to the Obamas' tax returns released today by the White House.
The Obamas joint tax filing shows that the majority of the familys income was from proceeds from the same of the Presidents books The Audacity of Hope, and Dreams from My Father.
The Obamas last year donated $329,100 to 40 different charities. The largest personal donation was $50,000 to CARE and the United Negro College Fund. The smallest donation, $150, went to Crusade of Mercy, an organized community health and social service resource in Chicago. The Obamas donated $5,000 to the Haiti Foundation of Hope. They also donated $250 to St. Johns Church and $200 to 19th Street Baptist Church in D.C., both churches which the Obamas attended this past year in Washington, D.C.
Much more: Obamas Earn $5.5 Million Last Year, Pay $1.8 Million in Taxes - Political Punch