Obama Tax Returns

The White House today released the federal and state tax returns of the First Family, showing that they made $2.65 million in 2008. That was down from $4.2 million in 2007.

Most of the money came from the sale of President Obama's books.

Here is a news release from the White House, with links to the actual documents if you want to check their figures. Below that will be the links and information the returns of Vice President Biden and his wife.

THE WHITE HOUSE

Office of the Press Secretary

__________________________________________________________________________________________________________________

FOR IMMEDIATE RELEASE

April 15, 2009

President and First Lady Release 2008 Income Tax Returns

Today, the President released his 2008 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported an adjusted gross income of $2,656,902. The vast majority of the family's 2008 income is the proceeds from the sale of the President's books. The Obamas paid $855,323 in federal income tax.

The President and First Lady also reported donating $172,050 - or about 6.5% of their adjusted gross income - to 37 different charities. The largest reported gifts to charity were $25,000 contributions to Catholic Relief Services and the United Negro College Fund.

The President and First Lady also released their Illinois income tax return and reported paying $77,883 in state income taxes.

Copies of the returns are available below:

Download the President's Federal 1040 form (pdf)

Download the President's Federal 709 form (pdf).

Download the President's Illinois State income tax return (pdf)

THE WHITE HOUSE

Office of the Vice President

_________________________________________________________________________________________________

FOR IMMEDIATE RELEASE

April 15, 2009

The Vice President and Dr. Jill Biden Release 2008 Income Tax Returns

Today, the Vice President and Dr. Jill Biden released their 2008 federal and state income tax returns. He and Dr. Biden filed their income tax returns jointly and reported an adjusted gross income of $269,256 and an after-tax income of $183,315. The family's primary sources of income were salaries from the United States Senate, Widener University, Delaware Technical & Community College, as well as royalties from the audio rights to the Vice President's book. The Bidens paid $46,952 in federal income taxes; $11,164 in Delaware state income taxes; and donated $1,885 to charity. The charitable donations claimed by the Bidens on their tax returns are not the sum of their annual contributions to charity. They donate to their church, and they contribute to their favorite causes with their time, as well as their checkbooks.

Copies of the returns are available below:

Download the Vice President's Federal 1040 form (pdf)

Download the Vice President's Delaware tax return (pdf)

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