In 2012, obamas made $662,076, paid $112,214 in taxes
In 2012, obamas made $662,076, paid $112,214 in taxes"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
President Obama and first lady Michelle Obama report that they had an adjusted gross income of $608,611 in 2012. The couple gave $150,034 to charity and ended up paying $112,214 in taxes.
That's an effective tax rate of about 18 percent. That's a drop from what Obama had paid in previous years. In 2010, for example, Obama paid and effective tax rate of 25 percent.
In 2011, that number dropped to 20.5 percent. Reuters reports: "Obama has pressed for wealthy people like himself to pay a greater share in taxes. "The issue was a sticking point
in his re-election campaign against Republican Mitt Romney, a wealthy former private equity executive who had an effective tax rate of 14.1 percent in 2011. "'Under the
president's own tax proposals, including limitations on the value of tax preferences for high-income households, he would pay more in taxes while ensuring we cut taxes for the middle
class and those trying to get in it,' White House spokesman Jay Carney said in a statement." Via _The Washington Post_, here are the tax returns: Vice President Joe Biden and his
wife, Jill, made $385,072 and paid $87,851 in taxes. Their returns are here. Copyright 2020 NPR. To see more, visit https://www.npr.org.
Trending News
Inhibitory phenomena and ‘habituation’ at the neuronal levelABSTRACT IN behavioural habituation, according to Thorpe1, the animal “learns not to respond to stimuli which tend to be...
I'm bouncing off the walls now I'm excused from the school run, says MINDY HAMMONDDecorations returned to their boxes for another year and the sad skeleton that was once a bushy Christmas tree is on the...
Cofactor-independent oxygenases go it aloneOxygenases have long been thought to require a cofactor for catalysis. The structure of a vancomycin biosynthetic enzyme...
Getting support from aamir great feeling: sunny leone Photo Credit: TOI Archives Actress Sunny Leone is happy that superstar Aamir Khan came out in her suppo...
Holiday decorating to raise your spiritsPaul Jeromack loves Christmas. So when he quarantined in early March and faced a long, lonely spring, Jeromack knew what...
Latests News
In 2012, obamas made $662,076, paid $112,214 in taxesPresident Obama and first lady Michelle Obama report that they had an adjusted gross income of $608,611 in 2012. The cou...
Cofactor-independent oxygenases go it aloneOxygenases have long been thought to require a cofactor for catalysis. The structure of a vancomycin biosynthetic enzyme...
Getting support from aamir great feeling: sunny leone Photo Credit: TOI Archives Actress Sunny Leone is happy that superstar Aamir Khan came out in her suppo...
Holiday decorating to raise your spiritsPaul Jeromack loves Christmas. So when he quarantined in early March and faced a long, lonely spring, Jeromack knew what...
Queen honours sophie wessex as she wishes royal happy birthdaySOPHIE WESSEX ‘DIDN’T MAKE A FUSS’ SAYS ANGELA LEVIN The Queen publicly marked the birthday of Sophie, who turns 57 toda...