RSSObama's income decreased in 2008
From: The Washington Times | April 16, 2009
President Obama made less money the year he was elected president than he did the previous year because smaller income from sales of his two books, according to tax returns released by the White House late Wednesday. Mr. Obama and first lady Michelle Obama reported a taxable income in 2008 of $2,656,902, paying $855,323 in federal taxes and $77,883 in their home state of Illinois. The Obamas paid a tax rate of 32 percent, which is below the 35 percent top tax rate for incomes above $357,700. White House spokesman Bill Burton said the Obamas’ rate was lower because of …
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