15 April 2013

Guess How Much Obama Made In 2012?

Barack Obama clearly has nothing to hide, which is why he made his 2012 tax returns public. Curious to see how much Obama made and paid in taxes?
Quoted from the White House Blog:
“Today (April 13th), the President released his 2012 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $608,611. The Obamas paid $112,214 in total tax.

The President and First Lady also reported donating $150,034 – or about 24.6 percent of their adjusted gross income to 33 different charities. The largest reported gift to charity was $103,871 to the Fisher House Foundation.

The President’s effective federal income tax rate is 18.4 percent.

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