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Guess How Much President Obama Made In 2014? by sethken: 2:47am On Apr 11, 2015 |
By Stephen Ohlemacher, Associated Press WASHINGTON – President Barack Obama and his wife, Michelle, paid more than $93,000 in federal taxes last year on an adjusted gross income of more than $477,000, according to tax returns released Friday by the White House. Their effective tax rate was 19.6%, the returns show. The Obamas lowered their 2014 tax bill by claiming nearly $160,000 in itemized deductions, including $70,712 in charitable donations to 33 different charities. Altogether, they donated nearly 15% of their income. The largest was a $22,012 donation to the Fisher House Foundation, which supports military families. They also donated $5,000 to Sidwell Friends School, the exclusive private school where daughters Malia and Sasha are enrolled. RELATED: The GOP’s real agenda on taxes The 38-page document, which includes the couple’s Illinois state income tax return, shows the president made nearly $395,000 in wages. The couple also reported making $94,889 from the sale of Obama’s best-selling books. That’s down from more than $116,000 the year before. Obama received $51,167 from Random House and $43,722 from Dystel & Goderich Literary Management. The White House released the Obamas’ tax returns ahead of the filing deadline Wednesday. The Obamas are getting a tax refund of $20,641. They could have received an additional $5,000 but opted to apply that amount to their 2015 tax bill. The couple reported paying $22,640 in state income tax. The White House also released the 2014 income tax returns for Vice President Joe Biden and his wife, Jill. The Bidens paid more than $90,000 in federal taxes last year on adjusted gross income of nearly $389,000. They paid an effective federal income tax rate of 23.3%. The Bidens reported $7,380 in donations to charity. http://www.msnbc.com/msnbc/obamas-pay-93362-federal-taxes-tax-rate-20?cid=sm_fb_msnbc |
Re: Guess How Much President Obama Made In 2014? by akinmusi(m): 2:56am On Apr 11, 2015 |
I hope our legislooters and senathieves will do the same by making open their tax payment, the president should not be an exemption. |
Re: Guess How Much President Obama Made In 2014? by Chanchit: 3:20am On Apr 11, 2015 |
If them born you well ask Mama P if she and GEJ dey pay tax or even Fashola weh dey shout "pay your tax" I fit bet my balls say he go dey waive him own tax too. |
Re: Guess How Much President Obama Made In 2014? by Opinedecandid(m): 3:40am On Apr 11, 2015 |
I'm not tripped. |
Re: Guess How Much President Obama Made In 2014? by Ahmed0336(m): 4:07am On Apr 11, 2015 |
unlike our National Assembly members |
Re: Guess How Much President Obama Made In 2014? by Lander882: 5:15am On Apr 11, 2015 |
300 naira? |
Re: Guess How Much President Obama Made In 2014? by Dominionng(m): 5:46am On Apr 11, 2015 |
A Federal House of Assembly member in Nigeria earns more than Barack Obama. You see reasons why political posts are "to die for"? Even a Political Pope in Nigeria legally embezzles our money! Then a system got us used Trains and one Doyin Okupe said we can't afford a brand new. |
Re: Guess How Much President Obama Made In 2014? by Lilprincey(m): 6:01am On Apr 11, 2015 |
This can only happen in America |
Re: Guess How Much President Obama Made In 2014? by Appliedmaths(m): 7:06am On Apr 11, 2015 |
Although I salute their office, but do not be deceived this people steal in a modernized way, unlike the ancient stealing methods our Nigerian politicians are fond of. |
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