The White House released the Obamas’ 2013 income taxes Friday
WASHINGTON — The White House says President Barack Obama and Michelle Obama paid just over $98,000 in taxes on income of nearly half a million dollars last year.
The couple’s 2013 income tax returns were posted on the White House website four days before the tax filing deadline.
The 42-page return shows the president and first lady reported donating more than 12 percent of their adjusted gross income to 32 different charities.
Their largest charitable gift was nearly $9,000 to the Fisher House Foundation. Fisher House supports military families.
The Obamas also released their Illinois income tax return. It shows they paid more than $23,000 in state income taxes.
The White House also released the income tax returns of Vice President Joe Biden and Dr. Jill Biden:
The Vice President and Dr. Jill Biden also released their 2013 federal income tax returns, as well as state income tax returns for both Delaware and Virginia. The Bidens filed joint federal and combined Delaware income tax returns. Dr. Biden filed a separate non-resident Virginia tax return. Together, they reported adjusted gross income of $407,009. The Bidens paid $96,378 in total federal tax for 2013, amounting to an effective tax rate of 23.7 percent. They also paid $14,644 in Delaware income tax and Dr. Biden paid $3,470 in Virginia income tax. The Bidens contributed $20,523 to charity in 2013, including contributing the royalties received from Dr. Biden’s children’s book, net of taxes, to the USO.
The White House also released the Bidens’ 2013 income taxes Friday