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  • 09:46:46 pm on April 15, 2010 | 0
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    First Family Earned $5.5 Million in 2009

    WASHINGTON (April 15) — 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.

    read more http://www.aolnews.com/nation/article/president-barack-obama-and-his-wife-michelle-made-55-million-last-year/19441612?icid=main|aim|dl1|link3|http%3A%2F%2Fwww.aolnews.com%2Fnation%2Farticle%2Fpresident-barack-obama-and-his-wife-michelle-made-55-million-last-year%2F19441612

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