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Obamas pay $98,169 in taxes on income of $481,098 Associated Press 21 minutes ago WASHINGTON (AP) — The White House says President Barack Obama and Michelle Obama paid just over $98,000 in taxes on income of nearly half a million dollars last year.

President Obama and First Lady Michelle Obama paid $112,214 in federal taxes on $608,611 in income last year for a tax rate of 18.4 percent, which is slightly lower than the average rate paid by others in their income bracket. Most American households making between $500,000 and $1 million paid a 20.6 percent rate in 2012, according to the nonpartisan Tax Policy Center. In spite of the lower tax rate, the Obamas still managed to overpay taxes last year to the tune of $16,815, according to their tax returns, which were released by the White House on Friday.

President Obama and his wife Michelle paid 18.4% in taxes on $608,611 in 2012. April 12 (Bloomberg) — President Obama, wife, Michelle, had adjusted gross income of $608,611 in 2012, paid $112,214 in taxes, according to federal tax returns released by White House. • Vice President Biden, wife, Jill, report $385,072 in adjusted gross income, paid $87,851 in federal taxes • Obamas donated $150,034, ~24.6% of adjusted gross income, to 33 charities Here are the Obama’s 2012 tax returns. What happened to the vitriol about Warren Buffett’s tax rate versus his secretary? The same holds true about the vitriol about...

Today, the President released his 2012 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $608,611. The Obamas paid $112,214 in total tax.

Obama's 2012 return: $112K in federal taxes on $609K in income By Justin Sink - 04/12/13 02:01 PM ET President Obama and first lady Michelle Obama reported income of $608,611 in 2012 and paid $112,214 in total taxes, the White House announced Friday. Tax documents released by the White House show the first family donated $150,034 to 33 different charities, representing nearly a quarter of their gross income. In addition to his federal salary, Obama made $258,772 from book royalties. The president's effective federal income tax rate was 18.4 percent. That represents a decline in both income and effective tax...

During the time that President Obama has been in office, he has earned some $2,711,340 from foreign sources. That’s 30.1 percent of Obama’s total income during that time. During that period, Obama forked over $87,429 to foreign countries. Most of that cash comes from book sales. That’s an inordinately large amount of money coming from overseas – far more than the typical American, certainly. And the question becomes whether President Obama is outsourcing his book sales. After all, why not pay American tax rates on that income? Why not ship from the United States, rather than printing abroad?

When President Barack Obama and Vice-President Joe Biden released their 2011 tax returns just before Tax Day, most comments focused on their income and tax rates. There’s more to say, according to CPA Steven Bankler in San Antonio, who is certified as a forensic accountant and worked for the Senate Whitewater committee. Every year Bankler shares an analysis of our leaders’ tax returns with the journal Tax Notes. Here are some of his observations for this year. The Obamas should pay down their mortgage. They apparently have a 30-year mortgage on their Chicago house with a fixed rate of 5.625%...

President Barack Obama has gotten a lot of mileage out of touting his “Buffett Rule” to force millionaires to pay more in taxes. Maybe he thinks earning three-quarters of a million gives him a free ride. . .

An analysis of 12 years of tax returns recently released by President Barack Obama from 2000 to 2011 shows that the First Family donated 1.4 percent or less of their income to charity until he began to run for the U.S. Senate in 2004, and gave only nominal amounts to the church except for substantial donations to the Rev. Jeremiah Wright's Trinity Church of Christ in 2006 and 2007. The analysis performed by The Christian Post shows that from 2000 to 2011, the Obamas reported an Adjusted Gross Income (AGI) of $18,677,610, of which they paid $5,794,492, or 31 percent,...

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WASHINGTON (AP) -- President Barack Obama's re-election campaign has re-released years of his old tax returns in an attempt to pressure the presumptive Republican nominee, Mitt Romney, to do the same. Romney has released his tax return for 2010 and an estimate for 2011. The Obama campaign is making an issue of the fact that he hasn't released more and accusing him of hiding information from the American people.

President Obama’s Secretary Paid Higher Tax Rate Than He Did President Obama today released his 2011 federal income tax, with he and his wife reporting an adjusted gross income of $789,674. The Obamas paid $162,074 in total tax – an effective federal income tax rate of 20.5%. The Obamas also reported donating approximately 22% of their income to charity — $172,130. President Obama has been making a big political push for the “Buffett Rule,” which would require millionaires to pay a minimum of 30% of their income in taxes. To illustrate the point, the president has pointed out that billionaire...

President Obama and his wife, Michelle, reported adjusted gross income of $789,674 in 2011 and paid just over 20 percent of it to the federal government in taxes. Their income declined nearly $1 million from the previous year, when the president was reaping larger amounts from sales of his bestselling books. The numbers were disclosed in the Obamas’ federal income tax return and gift-tax return, released Friday by the White House, along with those of Vice President Joseph R. Biden Jr. Mr. and Mrs. Obama paid $162,074 in income taxes, an effective tax rate of 20.5 percent. In a statement,...

WASHINGTON (AP) -- President Barack Obama and his family paid more than $160,000 in federal taxes last year on earnings of $789,674, the White House said Friday. The president's 2011 federal income tax return shows that about half of the first family's income is the president's salary. The rest comes from sales of Obama's books.

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.

Obama’s tax return for 2009 was just published today. There is some interesting information that you WILL NOT hear in the mainstream press. Barack Obama made $1.6 million dollars in dividends and investment “income” from “foreign” (as in overseas) investments (providing foreign capital for foreign jobs some likely “exported” from the USA) and only made $12,000 dollars in dividends from US based companies, and even this was because he was the beneficiary of a Trust that made the investment decisions not likely Barack Obama. Obama didn’t pay any US taxes on the $1.6 million in foreign income as corroborated on...