Obamas report earning $2.6 million in 2008

Published: April 15, 2009 at 5:59 PM
Obama speaks about taxes in Washington

WASHINGTON, April 15 (UPI) -- U.S. President Barack Obama and his wife Michelle had an adjusted gross income of $2,656,902 in 2008, the White House said Wednesday.

The Obamas paid $855,323 in federal income tax. They paid 77,883 in state income taxes to Illinois, a statement said.

Most of the first family's 2008 income is the proceeds from the successful sales of the president's books.

The Obamas also reported donating $172,050 to 37 different charities. The largest reported gifts to charity were $25,000 contributions to Catholic Relief Services and the United Negro College Fund.

In all, the couple donated to charity more than 6 percent of their adjusted gross income, the statement said.

Vice President Joe Biden and his wife reported an adjusted gross income of $269,256 and an after-tax income of $183,315.

© 2009 United Press International, Inc. All Rights Reserved.
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