PRES. OBAMA & BIDDEN FILE TAXES
VIA BUZZ YAHOO
Taxes are the pits, but at least they don’t discriminate — everybody has to pay ‘em. And that includes the leader of the free world and his right-hand man.
The tax returns for President Obama and Vice President Biden were recently released to the public. Quicker than you can say “spread the wealth,” searches on both documents skyrocketed.
Now, normally tax returns don’t inspire a lot of buzz. But when it’s the Obamas’ and the Bidens’, the 1040s are actually pretty interesting.
TO CONTINUE…
According to an article from Reuters, President Obama (who filed jointly with his wife, Michelle), reported an adjusted gross income of $2,656,902. They paid roughly $855,000 in federal income taxes and almost $78,000 in state income taxes.
Now hold up—since when do (honest) politicians make millions of dollars? Well, normally they don’t. But Mr. Obama is also a best-selling author. The majority of his 2008 income came from sales of his two memoirs, “Dreams of My Father” and “The Audacity of Hope.” Interestingly, the Obamas’ income took a substantial drop in 2008. According to Fox News, the couple actually pulled in $4.2 million in 2007.
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