Politics & Government
Obamas Paid $453K Taxes; Income More Than $1.7M
The White House on Monday released President Barack Obama's federal tax return.
President Barack Obama and his wife, Michelle, paid about $453,000 in federal taxes on more than $1.7 million in income in 2010, according to their federal tax return released by the White House on Monday.
The President and First Lady overpaid their taxes by a little more than $12,000 and were entitled to a refund.
The Obamas also donated nearly a quarter of a million dollars to charity, including $131,075 to The Fisher House Foundation, Inc. and $15,000 to The Clinton Bush Haiti Fund. The foundation provides housing near medical centers for family members of injured military service members undergoing treatment.
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The return is attached to this story and available for download from the White House here.
Notes:
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- Adjusted Gross Income (AGI): $1,728,096
- Itemized Deductions: $373,289
- Tax Owed: $453,770; Tax Paid: $466,104; Refund: $12,334
- Gifts to Charity: $245,075
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