Obamas’ Taxes: $98,169 on $481,098
The White House says President Barack Obama and Michelle Obama paid just over $98,000 in taxes on income of nearly half a million dollars last year.
The couple’s 2013 income tax returns were posted on the White House website four days before the tax filing deadline.
The 42-page return shows the president and first lady reported donating more than 12 percent of their adjusted gross income to 32 different charities.
Their largest charitable gift was nearly $9,000 to the Fisher House Foundation. Fisher House supports military families.
The Obamas also released their Illinois income tax return. It shows they paid more than $23,000 in state income taxes.