Posted on 04/18/2011 1:44:26 PM PDT by tobyhill
President Obama and the first family earned about two-thirds less in 2010 than the year before, and donated about 14% of their income to charity.
The Obama family, in tax returns released Monday by the White House, reported an adjusted gross income of $1,728,096, down from about $5.5 million in 2009.
The Obamas reported paying $453,770 in federal taxes. They donated $245,075, or 14% of their income, to 36 different charities. Fisher House Foundation, a charity that works with veterans, took home the biggest single donation.
The president earns a salary of $400,000 for his day job. His paycheck was much higher because his books -- "Dreams From My Father," "The Audacity of Hope" and "Of Thee I Sing: A Letter to My Daughters" -- continued to register strong sales. But those sales were not nearly as strong as they were the year before.
(Excerpt) Read more at money.cnn.com ...
That ain't gonna make the Wrong Reverend Wright very happy.
Don't
take
any
deductions.
Obama rejects even the 35% max.
They had the single biggest donation, but I bet others got more total in multiple donations.
Political posturing I bet; nothing more.
That’s why he’s a hypocrite.
Oh, the poor Obama's! Maybe they can get a government handout. So sad!
Not bad for a guy that knows exactly zero about anything to do with work. Does anyone know what the income was when he was doing the only job he knows how to do- COMMUNITY ORGANIZER????
Probably a Big ZERO for the BIG ZERO!
Rush talked today about how Trump has called this Fraud out for using a Domestic Terrorist, Bill Ayers, to write “DREAMS” and how Jack Cashill has proven Obama could never have written “DREAMS” nor “The Audacity of Truth” which is much inferior to “DREAMS” and written by the Political Hack, Jhn Favrour, Obama’s boy child speech fabricator. Cash ill’s latest book, “Deconstructing Obama” is a Must Read by All as we rocket toward the 2012 Election with a screwed up GOP!
If they included all the free vacations as income...it would have trippled.
Tommy Daschle got called out for not declaring the fair value of his free Limousine to the tune of one Hundred thousand dollars of undeclared taxable income and the Kenyan Fraud skates on Millions of dollars in “Free Vacations!” You are sooooooooooo right!!!
Tommy Daschle got called out for not declaring the fair value of his free Limousine to the tune of one Hundred thousand dollars of undeclared taxable income and the Kenyan Fraud skates on Millions of dollars in “Free Vacations!” You are sooooooooooo right!!!
The trip to Spain with all the hangers on cost more than their claimed annual income.
He is campaigning & fund raising with tax payer money. The RAT party should be paying the freight - not us!
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