President Barack Obama released his 2013 federal and state income tax returns Friday. The president and First Lady reported a total income of $481,098. They paid $98,169 in total tax, for an effective rate of 20.4 percent. They donated $59,251 to charity. The Obamas also paid $23,328 to the state of Illinois.
Last year, the Obamas reported a total income of $608,611. They paid $112,214 in total tax, for an effective rate of 18.4 percent. As for charity, they donated $150,034. and to the state of Illinois, they paid $29,450.
Read the full return below: