Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obamas report $5.5 million in income on 2009 tax return
Washington Post ^ | April 16, 2010 | Michael D. Shear and David Hilzenrath

Posted on 04/15/2010 7:27:30 PM PDT by SmartInsight

The first couple reported an adjusted gross income of $5.5 million, almost all of it from royalties associated with the president's two bestsellers: the 2004 "Dreams from My Father" and the 2006 "The Audacity of Hope."

A large portion of the royalties came from sales overseas, an indication of the president's popularity abroad. The tax return indicates that $1.6 million of the total book income was taxable in "various" foreign countries.

A White House official said Obama's money is not kept in a blind trust, as other presidents -- including Bill Clinton and Ronald Reagan -- have done.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: foreignincome; obama; obamataxreturn; taxes
Navigation: use the links below to view more comments.
first previous 1-2021-39 last
To: jackibutterfly
Did anyone read Item #42? It’s a REALLY weird deduction. Check it out.

Who are the "displaced Midwestern" people?
21 posted on 04/15/2010 8:53:45 PM PDT by hummingbird (Save Guam from Tilting!)
[ Post Reply | Private Reply | To 15 | View Replies]

To: SmartInsight
Now THAT'S presidential...and kinda' hot!

Blush...
22 posted on 04/15/2010 8:57:26 PM PDT by hummingbird (Save Guam from Tilting!)
[ Post Reply | Private Reply | To 20 | View Replies]

To: SmartInsight

Back when we had a MAN for president.


23 posted on 04/15/2010 9:00:24 PM PDT by Sunbunny
[ Post Reply | Private Reply | To 20 | View Replies]

To: Sunbunny
Sunbunny, I think someone needs to throw a bucket of cold water on us!

Hubba, hubba!
24 posted on 04/15/2010 9:05:07 PM PDT by hummingbird (Save Guam from Tilting!)
[ Post Reply | Private Reply | To 23 | View Replies]

To: hummingbird; Sunbunny
By now I think a LOT of people miss President Bush.

He didn't bow to foreign dictators either.

25 posted on 04/15/2010 9:20:12 PM PDT by SmartInsight (Bad officials are elected by good citizens who do not vote. ~ G. J. Nathan)
[ Post Reply | Private Reply | To 24 | View Replies]

To: All

Bush in Iraq at Thanksgiving.

26 posted on 04/15/2010 9:24:22 PM PDT by SmartInsight (Bad officials are elected by good citizens who do not vote. ~ G. J. Nathan)
[ Post Reply | Private Reply | To 25 | View Replies]

To: SmartInsight

He’s made a ton of $$$ over the last few years and the article says the $$$ aren’t in a blind trust why is the investment income so low $26k or so. He hasn’t paid off the house loan so he’s putting the $$$ some where. I suppose he could be socking it away in tax free stuff, but wouldn’t that be a problem for someone like him who thinks the rich don’t pay their fair share?


27 posted on 04/15/2010 9:33:35 PM PDT by airedale
[ Post Reply | Private Reply | To 1 | View Replies]

To: US_MilitaryRules
The real question is “How much did they pay in taxes?”

The Obamas paid $1,792,414 in federal income tax.

28 posted on 04/15/2010 9:34:01 PM PDT by Doe Eyes
[ Post Reply | Private Reply | To 5 | View Replies]

To: US_MilitaryRules

20%—must have had a lot of deductions maybe Timmy let him use his Turbo Tax.


29 posted on 04/15/2010 9:35:06 PM PDT by funfan
[ Post Reply | Private Reply | To 5 | View Replies]

To: chickenlips

There must be a toilet paper shortage somewhere.


That’s good!

But I wouldn’t even use it for toilet paper.


30 posted on 04/15/2010 10:17:13 PM PDT by unkus
[ Post Reply | Private Reply | To 3 | View Replies]

To: SmartInsight

Did obama bail out the Bank of Hawaii? if so, wouldn’t that be an inside trade?

note that Zero gave less than 10% of his income to charity


31 posted on 04/16/2010 1:16:53 AM PDT by blueplum
[ Post Reply | Private Reply | To 1 | View Replies]

To: SmartInsight

0bambi - No ATM penalty.
Old Joe - nothing to Catholic Church he claims to belong to.

IRS Audit? RIGHT!


32 posted on 04/16/2010 4:20:38 AM PDT by NTHockey (Rules of engagement #1: Take no prisoners)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SmartInsight

Not bad for a poor Kenyan kid. I wonder what made that possible—Marxism or capitolism?


33 posted on 04/16/2010 5:54:17 AM PDT by dools007
[ Post Reply | Private Reply | To 1 | View Replies]

To: SmartInsight

Someone is greasing the “Mack Daddy’s” paws.


34 posted on 04/16/2010 8:20:05 AM PDT by SaraJohnson
[ Post Reply | Private Reply | To 1 | View Replies]

To: hummingbird

Yeah, isn’t that curious?? And, who’s to decide what is “midwestern”?


35 posted on 04/16/2010 9:54:23 AM PDT by jackibutterfly ( Palin is so under obama's skin, he hears 'Hail to the Chief' when he sees her.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: jackibutterfly

http://www.kiplinger.com/columns/taxtips/archive/2009/tax0224.html

tax breaks for the midwest flood victims as well as those who took them in: “Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Missouri, Minnesota, Nebraska and Wisconsin from May 20 through July 31, 2008.”


36 posted on 04/16/2010 1:29:45 PM PDT by blueplum
[ Post Reply | Private Reply | To 35 | View Replies]

To: SmartInsight

Zero’s next book: “Dreams of an Audacious Dope”.


37 posted on 04/16/2010 1:33:20 PM PDT by exit82 (Democrats are the enemy of freedom. Sarah Palin is our Esther.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SmartInsight

Wow—Joe Biden gave away $ 4,900 out of an income of $ 333,000.

That’s 1.5%

BIG F***KING DEAL!


38 posted on 04/16/2010 1:44:03 PM PDT by exit82 (Democrats are the enemy of freedom. Sarah Palin is our Esther.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blueplum

But Line #42 says “If you DIDN’T take someone in. . . you get this. . .” So weird.


39 posted on 04/16/2010 3:57:52 PM PDT by jackibutterfly ( Palin is so under obama's skin, he hears 'Hail to the Chief' when he sees her.)
[ Post Reply | Private Reply | To 36 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-39 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson