Obama Tax Returns Show First Family’s Income Has Plummeted Since 2009
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Sean Gallup/Getty Images(WASHINGTON) — During their time in the White House, the First Family’s adjusted gross income has decreased from a high of more than $5.5 million in 2009 to $481,000 this year — largely, it appears, due to the decline in proceeds from the sales of the president’s books.
And in the process, the First Family’s favorite charities have suffered.
In 2009, for example, the Obamas donated $329,100 to 40 different charities. Last year, they donated only a fraction of that — just under $60,000 — to 32 charities.
Here’s a look at the last few years of the Obamas’ tax returns:
2009
Adjusted gross income: $5,505,409*
Federal income tax paid: $1,792,414
Charitable donations: $329,100 to 40 different charities.
*According to the White House, the vast majority was proceeds from the sale of the president’s books.
2010
Adjusted gross income: $1,728,096*
Federal income tax paid: $453,770
Charitable donations: $245,075 to 36 different charities
*According to the White House, the vast majority of the family’s income was the proceeds from the sale of the president’s books.
2011
Adjusted gross income: $789,674*
Federal income tax paid: $162,074
Charitable donations: $172,130 to 39 different charities
*According to the White House, about half of the first family’s income was the president’s salary; the other half is from sales proceeds of the president’s books.
2012
Adjusted gross income: $608,611
Federal income tax paid: $112,214
Charitable donations: $150,034 to 33 different charities
2013
Adjusted gross income: $481,098
Federal income tax paid: $98,169
Charitable donations: $59,251 to 32 different charities.
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