News - Local
The President Pays His Taxes
Posted: Apr 15, 2010 12:08 PM by Letitia Walker
WASHINGTON (AP) - The White House says President Barack Obama
and his wife Michelle made $5.5 million last year and paid nearly
$1.8 million in federal income tax.
The Obamas gave $329,000 to charities. That included $50,000
each to CARE and the United Negro College Fund.
The president also donated his $1.4 million Nobel Peace Prize
award to 10 charities.
The White House said the vast majority of the Obamas' income was
from sales of the president's books. The president released his
2009 tax return Thursday.
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