United States’ presidents receive a lot of perks, but skipping out on filing a tax return is not one of them. According to their 2014 tax return released by the White House, President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, with the president’s salary accounting for nearly $395,000 of that.
They also earned $88,181 in book royalties and approximately $16,000 in taxable interest.
After a charitable deduction of $70,712 and other adjustments, the Obamas paid $93,362 in federal taxes and $22,640 in state taxes to their home state of Illinois.
View the Obama’s 38-page 2014 tax return by clicking on the image below:
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