President Obama and the first lady on Thursday reported earning $5.5 million in 2009, the majority of which was from the sale of Obama’s books, the White House said. By contrast, former President Bush and Laura Bush reported a taxable income of $719,274 in 2007. The Obamas paid nearly $1.8 million in federal income tax and reported giving $329,100 to 40 charities. Their tax return is here. ---- Some context: The Obama's household income jumped from $991,296 in 2006 to $4.2 million in 2007. It was $2.7 million in 2008. ---