President Obama's Effective Federal Income Tax Rate 20.5%: Did he pay his Fair Share?
Fef 2012/04/13 15:48:37
April 15th... Tax Return Day in America. The WhiteHouse.gov released President Obama's tax returns:
Today, the President released his 2011 federal income and gift tax returns. He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $789,674. About half of the first family’s income is the President’s salary; the other half is from sales proceeds of the President’s books. The Obamas paid $162,074 in total tax.
In 2011, the Obamas paid $162,074 in total tax and the Bidens paid $87,900 in total federal tax for 2011
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