Obama's 2011 Tax Returns Show He Paid a 20.5 Percent Rate Amid 'Buffett Rule' Fight

Amid an election-year feud over tax policy, President Barack Obama on Friday released his 2011 tax filings, showing that he paid $162,074 in total taxes on adjusted gross income of $789,674, an effective rate of 20.5 percent. The first couple paid $31,941 in Illinois income tax. Obama and first lady Michelle Obama, whose joint return was posted on the White House website, also reported giving $172,130 to 39 different charities —an additional 21.8 percent of their...Full Story
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