Taxes, Michelle Obama | featured news

(Image from article: "First couple earned $5.5 million in 2009")

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Obamas paid $112,000 in taxes in 2012

President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. The Obamas' adjusted gross income for the year was $608,611. The president earned more than $394,000 in salary, and the Obamas took in $258,000 in book royalties.

First couple earned $5.5 million in 2009

President Barack Obama and first lady Michelle Obama made $5.5 million in income in 2009 and paid $1.79 million in federal taxes, according to income tax returns released Thursday.

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