Obamas Tax Return RELEASED For 2009: President Pulled In $5.5 Million Last Year
President Obama's taxes have been filed -- and our nation's commander-in-chief and the first lady together reported an adjusted gross income of $5,505,409 in 2009.
As reported on the White House blog, the Obamas paid $1,792,414 in federal income tax.
The majority of the Obamas' income ($5,661,666 on a gross basis) is from book sales which required $866 dollars in office expenses, the forms show.
The Obamas gave $329,100 to 40 charities, the largest were $50,000 donations to CARE and the United Negro College Fund. In addition, the president donated his $1.4 million Nobel Prize funds to 10 charities.
The Bidens, for their part, reported $333,182 in income and paid $71,147 in federal income taxes. (SEE a PDF of their returns here.)
READ: The president's tax return's: