President Barack Obama has just released information on his tax returns. Obama and the first lady filed jointly and paid $81,472 in federal taxes last year on an adjusted gross income of $436,065.
This has been Obama’s lowest income and lowest amount in taxes paid since he assumed office — presumably due to slowly diminishing sales of his hit books.
Obama’s salary as president amounted to $394,454, while he earned $60,745 in 2015 book royalties.
According to the White House,
“The President and First Lady also reported donating $64,066 — or about 14.7 percent of their adjusted gross income — to 34 different charities. The largest reported gift to charity was $9,066 to the Fisher House Foundation.”