Obamas earned $5.5M in 2009 | POLITICO 44: "President Obama and the first lady on Thursday reported earning $5.5 million in 2009, the majority of which was from the sale of Obama’s books, the White House said.
By contrast, former President Bush and Laura Bush reported a taxable income of $719,274 in 2007.
The Obamas paid nearly $1.8 million in federal income tax and reported giving $329,100 to 40 charities, including $50,000 to the United Negro College Fund and CARE, an organization dedicated to fighting global poverty. The president also donated his $1.4 million Nobel Peace Prize money to 10 charities. Their tax return is here.
Vice President Biden and the second lady reported earning $333,182 and paying $71,147 worth of federal income tax. In 2007, former Vice President Cheney and his wife reported earning $2.5 million and paying $602,651 in taxes.
Jill Biden filed a separate non-resident tax return for Virginia, where she teaches at Northern Virginia Community College. The school paid Biden $42,486, and she paid $1,477 in income taxes."
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