Thursday, April 16, 2009

Obamas pay more than $900,000 in taxes

From The Hill here, via TPM:

The new first family paid more than $900,000 in federal and state taxes this year after President Obama's book sales last year earned him more than $2.6 million.

In addition to paying more than $855,000 in federal taxes, the Obamas also paid more than $77,000 in state taxes in Illinois, according to the White House.

Vice President Biden and his wife, Jill, reported paying $46,952 in federal taxes on "an adjusted gross income" of close to $270,000.

The Bidens paid a little more than $11,000 in state taxes in Delaware.

While the Obamas donated more than $172,000 to charity, including $25,000 gifts to the United Negro College Fund and CARE, the Bidens donated a little more than $1,800.

"The charitable donations claimed by the Bidens on their tax returns are not the sum of their annual contributions to charity," the White House said. "They donate to their church, and they contribute to their favorite causes with their time, as well as their checkbooks."

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