Obama pays $112K in taxes? Don't forget - the President is just like you when Tax Day rolls around.
President Obama made less last year than in any year of his presidency, according to his tax returns, but April 15 will still see Obama pay $112k in taxes - definitely not chump change.
The President and First Lady reported just over $600,000 in income last year, with most of it coming from book sales. The Obamas donated a quarter of their income to charity last year, and when Obama pays $112k in taxes, at least a few of those dollars will go toward his own salary next year. Aren't taxes fun?
The Obama's income was way down from 2009, when the two reported $5.5 million in income off the strength of book sales in the wake of the election.