Obama Tax Returns For 2008: See The Complete Filings
When Barack Obama released his 2000-2006 tax filings during the height of the presidential campaign, he was criticized for slightly-less-than-biblically-required charitable giving.
In those years, Obama (serving as Illinois state senator, then U.S. Senator) never offered more than six percent of his income to charity. Twice he gave less than one percent of his earnings.
Fast forward a few years, and the Obamas' returns tell a different story -- both of a higher income bracket and a far higher rate of charitable giving.
The White House released the filings for both the President and the First Lady on Wednesday. Combined, the family brought in an adjusted gross income of $2,656,902, mostly from the sale of the President's books. The Obamas paid $855,323 in federal income tax. And they donated $172,050 - or about 6.5% of their adjusted gross income - to 37 different charities.
Here are the notable donations made
$25,000 to the Catholic Relief Services
$25,000 to the United Negro College Fund.
$5,000 to the American Red Cross
$5,000 to the Boys and Girls Club
$5,000 to the Juvenile Diabetes Research Foundation
$1,000 to Columbia University
$5,000 to the New Orleans Area Habitat for Humanity
$5,000 to St. Leo's Residence for Veterans
$2,000 to the Haiti Foundation of Hope
$5,000 to the Illinois Coalition Against Sexual Assault
Noticeably absent from the charitable giving is the place where Obama sent $22,500 in 2006: his old church Trinity United.
See anything else on the Obama's tax filing? Let us know.
Here's the full White House release:
President and First Lady Release 2008 Income Tax Returns
Today, the President released his 2008 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported an adjusted gross income of $2,656,902. The vast majority of the family’s 2008 income is the proceeds from the sale of the President’s books. The Obamas paid $855,323 in federal income tax.
The President and First Lady also reported donating $172,050 – or about 6.5% of their adjusted gross income – to 37 different charities. The largest reported gifts to charity were $25,000 contributions to CARE and the United Negro College Fund.
The President and First Lady also released their Illinois income tax return and reported paying $77,883 in state income taxes.
Copies of the returns are available below:
President's Federal 1040 form:
President's Federal 709 form:
President's Illinois State income tax return: