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Obamas paid $453,770 taxes on $1.7 million income

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TOM RAUM
Associated Press

WASHINGTON (AP) -- President Barack Obama and his wife, Michelle, are reporting income of $1.728 million for last year, much of it from the sale of the president's books. They paid federal taxes of $453,770.

The Obamas, joining the flocks of Americans filing their taxes near the end of the federal filing period, were entitled to a refund of $12,334 after federal withholding and other payments totaling $466,104. The president and first lady reported donating $245,075 - about 14.2 percent of their adjusted gross income - to 36 different charities.

Their adjusted gross income for 2010 was below the $5.5 million they reported for the year before, also mostly from book sales.

Obama paid taxes at lowered Bush-era rates even as he campaigns to end them for wealthier Americans.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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Only 245,075?

All we hear from Obama and the Democrats is that if a household makes more than 250,000 dollars they are rich and don't need the money. They say take it from them, the ones that earned it by working hard and give it to the unfortunate. Well, I say take about 1.478 million dollars from Obama and give it to the poor. Leave him with 250,000, he doesn't need any more than that, does he? AND IF Obama lived up to what he preached, he would gladly GIVE this 1.478 million dollars away, not a mere 245,075 dollars. Who cares if he is a citizen or not, he is already president and he has already ruined this country. If Obama spends his money like he spends ours, he probably spent 50 million last year and only earned 1.728 million.

Pres. Obama's Taxes

If Bush's tax cuts for the wealthy were repealed, he would've paid the higher tax rate! By the way, he IS a US citizen!