Posted on 04/11/2015 10:58:21 AM PDT by SeekAndFind
President Barack Obama and his wife, Michelle, paid $93,362 in federal taxes last year with an earning of $477,383, which is a lower income than in the past few years due to a decline in the sales of the president's biographies. They gave $70,712 to 33 charities.
The Obamas paid taxes at an effective rate of 19.6 percent, according to 2014 tax returns released by the White House, The Associated Press reports.
"In January 2013, the President signed into law legislation that extended tax cuts to middle-class and working families and helped improve the country's fiscal health by asking the wealthiest Americans to pay their fair share," White House Press Secretary Josh Earnest wrote on the White House blog. "In 2014, as a result of his policies, the President was subject to limitations in tax preferences for high-income earners, as well as additional Medicare and investment income taxes."
Obama is paid $400,000 for his position as the president, but he also earned from publishers Dystel and Goderich and Random House, and interest.
The president and his wife gave $70,712 to 33 charities, and their largest gift of $22,012 went to Fisher House Foundation, which houses military families while a relative receives treatment, according to Reuters.
Obama received $51,167 from Random House and $43,722 from Dystel & Goderich, according to tax returns.
They claimed nearly $160,000 in itemized deductions.
The Obamas made $94,889 from the sale of Obama's books, down from more than $116,000 the previous year.
(Excerpt) Read more at christianpost.com ...
No quarrel with their charitable giving. Now, how much did Biden give? Over $200 this year?
Did they count the billion dollars in back channel bribes he got from the arab middle east leaders?
Most of the rest of the charities were named things like, Houthi Relief Fund, Hezbollah Childrens Charities, and most recently, the DGI Cuban Relief Fund.
‘...by asking them to pay their fair share.’ by point of a gun!
Asking my A$$!
Who knew the muslim brotherhood counted as a charity?
“.....Gave $70k to charities”...
On paper perhaps but IF they did, it was to a Muslim charity of some sort. Perhaps to his own undisclosed “charity”.
And what about the Clintons? Have they released their tax returns in recent years???? After all the bitching about how Romney didn’t release tax returns for certain years, certainly liberals, if intellectually honest, will demand release of all information on the Clintons as she runs for president.
Set up in trust funds organized under various names other than his own.
Joe and Jill Biden did not have a lot of spare money this year. They were installing insulation in the slab of their house to protect themselves from the extreme heat (millions of degrees) at the center of the earth. A fairly expensive job...
...and no telling how much taxpayer monies for vacations.
“They claimed nearly $160,000 in itemized deductions”
For what? US Taxpayers paid for everything for those freeloaders.
Sure he gave 70k of his money to charity, and gave 70 trillion of not his -— i.e. ours.
lol! And for all we know, Joe’s plugs may have needed re-seeding ;-)
Yeah, but how much used underwear did they donate?
I am still waiting to find out where he donated all that Nobel money he got.
President Bush gives 25% of his Income to Charity, year in and year out.
Vice President Cheney gave $8,000,000 to Charity when he left Office.
Heck, Rush Limbaugh gives away a Million Bucks a Year.
The Obama’s are self serving Pikers.
I paid what they did on about of of their income.
5.56mm
Good question, was wondering the same thing. Anyway to get a breakdown of those dedications? Also shouldn’t some of the expense paid by the government (us) for all those vacations be reported as income?
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