Obama Reports 2007 Income: Made $4.2 Million In 2007
Democratic Sen. Barack Obama reported $4.2 million in income in 2007. The presidential candidate released his tax returns on Wednesday. He said his adjusted gross income was around $4.2 million, with $4 million coming from the profits on his two books -- "Dreams From My Father" and "The Audacity of Hope." His Senate salary is $260,735.
Obama paid federal taxes of $1.4 million. Charitable contributions were $240,370.
The campaign released the returns just hours before a candidate debate.
Obama may be a rich man, but he made about $105 Million less than the Clintons did. The Clinton's unveiled their tax returns on April 4th.
Sen. Hillary Clinton's campaign has released her 2000-2006 joint tax returns, showing $109.2 million in income over the last seven years.
In 2000, when the Clintons last made their returns public, they reported an adjusted gross income of $416,039. Since then, Bill Clinton alone has made $82 million from just his speech income ($51.85 million) and payments (totaling $29.6 million) from his two books -- "My Life " and "Giving."