Obama, first lady pay $81,000 in taxes on $436,000 of income
Obama, first lady pay $81K in taxes
WASHINGTON — President Barack Obama paid more than $81,000 in taxes last year on adjusted gross income of more than $436,000. Their effective federal income tax rate was 18.7 percent.
That’s according to tax returns for Obama and his wife, Michelle. The White House released the returns Friday ahead of the April 18 federal filing deadline.
Obama also reported donating $64,000 to charity, or about 15 percent of their income.
