How Much Tax Obamas Paid In 2014
- 9 years ago
The White House recently released 2014 tax information for President Obama and Michelle Obama. Here's how much taxes Obamas paid in 2014.
The White House recently released 2014 tax information for President Obama and Michelle Obama.
They paid $93,362 in total federal tax and their adjusted gross income for the year was $477,383.
The adjusted gross income for 2014 compares to $481,098 in 2013. Both a significant drop from 2012's $608,611 when the Obamas received higher revenue in royalties from book sales.
According to CNN, in 2014, President Obama's salary of $395,000 accounted for the largest chunk of their income.
Rest of the income sources included payments from Random House and taxable interest.
The Obamas' federal effective income tax rate came to 19.6%.
The White House further notes, "The President and First Lady also reported donating $70,
The White House recently released 2014 tax information for President Obama and Michelle Obama.
They paid $93,362 in total federal tax and their adjusted gross income for the year was $477,383.
The adjusted gross income for 2014 compares to $481,098 in 2013. Both a significant drop from 2012's $608,611 when the Obamas received higher revenue in royalties from book sales.
According to CNN, in 2014, President Obama's salary of $395,000 accounted for the largest chunk of their income.
Rest of the income sources included payments from Random House and taxable interest.
The Obamas' federal effective income tax rate came to 19.6%.
The White House further notes, "The President and First Lady also reported donating $70,