Obama pays $112K in taxes? Don’t forget – the President is just like you when Tax Day rolls around.
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.