Obama Tax Returns Show Income Has Plummeted Since 2009

Apr 11, 2014 4:31pm

GTY obama mandela jtm 131210 16x9 608 Obama Tax Returns Show Income Has Plummeted Since 2009

(Jose Luis Magana/AP Photo)


During their time in the White House, the First Family’s adjusted gross income has decreased from a high of more than $5.5 million in 2009 to $481,000 this year — largely, it appears, due to the decline in proceeds from the sales of the president’s books.

And in the process, the First Family’s favorite charities have suffered.

In 2009, for example, the Obamas donated $329,100 to 40 different charities. Last year, they donated only a fraction of that — just under $60,000 — to 32 charities.

Here’s a look at the last few years of the Obamas’ tax returns:

2009

Adjusted gross income:           $5,505,409*

Federal income tax paid:        $1,792,414

Charitable donations:             $329,100 to 40 different charities.

*According to the White House, the vast majority was proceeds from the sale of the president’s books

 

2010

Adjusted gross income:           $1,728,096*

Federal income tax paid:        $453,770

Charitable donations:             $245,075 to 36 different charities

*According to the White House, the vast majority of the family’s income was the proceeds from the sale of the president’s books.

 

2011

Adjusted gross income:           $789,674*

Federal income tax paid:        $162,074

Charitable donations:             $172,130 to 39 different charities

According to the White House, about half of the first family’s income was the president’s salary; the other half is from sales proceeds of the president’s books.

 

2012

Adjusted gross income:           $608,611

Federal income tax paid:        $112,214

Charitable donations:             $150,034 to 33 different charities

 

2013

Adjusted gross income:           $481,098

Federal income tax paid:        $98,169

Charitable donations:             $59,251 to 32 different charities

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