THE WHITE HOUSE
Office of the Press Secretary
__________________________________________________________________________________________________________________
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 CARE 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.
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