WASHINGTON (AP) — President Barack Obama and his wife Michelle, filing their tax forms right on time, made $2.7 million last year and paid just under one-third of their adjusted income in federal taxes. While the income, mostly his, was far more than the U.S. median household income of about $50,000, it was quite a decrease from the $4.2 million the Obamas made in 2007. Both years, nearly all of the earnings came from the president’s best-selling books. “Dreams from My Father” and “The Audacity of Hope.”
Obama earned $2.7 million last year
By The Associated Press
April 14, 2009