Thursday, September 24, 2020
In a time of universal deceit, telling the truth is a revolutionary act.

Slow book sales reduce Obama’s income

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
President Barack Obama delivers remarks after meeting with Jamaica's Prime Minister Portia Simpson-Miller at Jamaica House in Kingston.  (REUTERS/Jonathan Ernst)
President Barack Obama delivers remarks after meeting with Jamaica’s Prime Minister Portia Simpson-Miller at Jamaica House in Kingston.
(REUTERS/Jonathan Ernst)

President Barack Obama and his wife Michelle earned $477,383 in 2014, a decline over the past few years as sales of the president’s biographies declined, according to their tax return released by the White House on Friday.

Obama is paid $400,000 for his position as the U.S. president. For 2014, the couple paid $93,362 in income taxes.

The couple’s return showed they gave $70,712 to 33 charities with the largest gift of $22,012 going to Fisher House Foundation, which houses military families while a relative receives treatment.

Most of the Obamas’ income above his government salary came from publishers Dystel and Goderich and Random House, and interest, according to the return.

The Obamas earned $503,183 in 2013 and $662,076 in 2012. Barack Obama’s highest income since becoming the 44th president was in 2009, the year he took office, when he reported income of $5.5 million, which included book sales and the Nobel Peace Prize.

Vice President Joe Biden and his wife Jill, a community college professor, also released their tax returns on Friday, reporting a combined income of $388,844.

_______________________________________________________

Copyright  © 2015 Capitol Hill Blue

Copyright  © 2015 Thomson Reuters. All rights reserved

%d bloggers like this: