Thread: White House: Obamas earn $5.5 million in 2009

2 hrs 30 mins ago

WASHINGTON – President Barack Obama and his wife, Michelle, made $5.5 million last year, largely on sales of his books, and paid nearly $1.8 million in federal income tax, according to the tax return they released Thursday.

The Obamas gave $329,000 to charities in 2009, including $50,000 each to CARE and the United Negro College Fund. The president also donated his $1.4 million Nobel Peace Prize award to 10 charities.

The vast majority of the Obamas' earnings continue to come from sales of the president's books, "Dreams From My Father," and "The Audacity of Hope," which have netted the couple several million dollars in recent years.

The Obamas paid $163,303 in Illinois income taxes.

In 2008, when Obama was campaigning for president, he and his wife earned $2.7 million and paid $855,323 in federal income tax.

Vice President Joe Biden and his wife, Jill, reported an adjusted gross income of $333,182 for 2009. They paid $71,147 in federal income taxes, $12,420 in Delaware income taxes and $1,477 in Virginia income taxes.

The Bidens gave $4,820 to charity, in cash and in-kind donations.

http://news.yahoo.com/s/ap/20100415/ap_ ... amas_taxes

The Bidens gave $4,820 to charity, in cash and in-kind donations.


CHEAPSKAPE

Apr 15, 2010

Obamas gave $329,100 to these 40 charities in 2009

01:50 PM

President Obama and wife Michelle gave $329,100 to 40 charities in 2009, according to their federal income tax return.


See the full list below

Here is a breakdown of the donations:

American Red Cross 10,000
Book Worm Angels 2,500
Boys and Girls Club 20,000
Bread for the City 5,000
Calvary Women's Shelter 5,000
CARE 50,000
Central Illinois Food Bank 5,000
Citizens United for Research in Epilepsy 5,000
Crusade of Mercy 150
DC Boys and Girls Club 5,000
Direct Relief International 5,000
Girl Scouts USA 5,000
Greater Chicago Food Depository 5,000
Greater New Orleans Foundation 10,000
Habitat for Humanity 10,000
Haiti Foundation of Hope 2000
Illinois Head Start Association 5,000
Illinois Reading Council 5,000
Juvenile Diabetes Research Foundation 5,000
Life Pieces to Masterpieces 10,000
Martin Luther King National Memorial Project 5,000
Midtown Educational Foundation 5,000
Miriam's Kitchen 10,000
Mosaic Youth Theatre of Detroit 10,000
Mujeres Latinas en Accion 5,000
National Aids Fund 5,000
National Coalition for Homeless Veterans 10,000
National Congress of Black Women 2,000
National MS Society 15,000
19th Street Baptist Church $200
Ovarian Cancer National Alliance 15,000
Rochelle Lee/Boundless Readers 5,000
Sidwell Friends School 5,000
St. John's Church 250
St. Leo's Residence for Veterans 5,000
The Christopher House 5,000
The Harmony Project 5,000
United Negro College Fund 50,000
Washington Humane Society 1,500
Avon Walk for Breast Cancer 500

http://content.usatoday.com/communities ... -in-2009/1