White House Releases the President’s Tax Returns
Published at
Miljan Mladenovic/iStock/Thinkstock(WASHINGTON) — The White House released the 2014 income tax returns for the president and vice president on Friday.
The Obamas’ adjusted gross income was $477,383 — slightly less than in 2013, continuing a downward trend from recent years when they were collecting high book royalties.
The president’s government salary is $400,000 annually. The first couple paid $93,000 in taxes and gave $70,000 in donations to charity. The president’s effective tax rate is 19.6 percent.
The Bidens’ adjusted gross income in 2014 was $388,844. They paid $90,506 in taxes, and made $7,380 in donations to charity. The vice president’s effective tax rate is 23.3 percent.
Follow @ABCNewsRadio
Copyright © 2015, ABC Radio. All rights reserved.