Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Los Angeles Times
Los Angeles Times
World
Sarah Parvini

BRIEF: Obama's tax return by the numbers; he made less than last year

April 11--The White House has released President Obama's 2014 federal income tax returns, which show a dip in his earnings.

The Obamas reported their lowest income in years, according to the documents made public Friday. The president and First Lady Michelle Obama filed their income tax returns jointly.

Here's what the pair's tax information looked like.

$477,383 -- The Obamas' adjusted gross income.

$93,362 -- Amount the couple paid in federal taxes.

$20,641 -- The Obamas' tax refund.

$22,640 -- The Obamas' state income tax, paid to Illinois.

19.6% -- The president's effective federal income tax rate.

14.8% -- Portion of the Obamas' adjusted gross income donated to charity.

$400,000 -- Obama's salary as president.

$94,889 -- Amount made from the sale of Obama's best-selling books.

$51,167 -- How much Obama received from the publishing company Random House.

$43,722 -- Amount the president made from Dystel Goderich Literary Management.

$481,098 -- The Obamas' adjusted gross income in 2013.

4 -- Days left before the deadline to file tax returns.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.