President and Mrs. Obama reported $1.796 million in pre-adjusted total income on returns released today, ending up with tidy $12,334 refund in part because of Obama’s own unsuccessful efforts to eliminate the Bush tax cuts for those making more than $250,00.
Much of the Obama’s income was from the two best selling books he wrote prior to becoming president.
The Obama’s reported $245,000 in charitable giving. The largest beneficiary was the Fisher House Foundation, which provides free or low cost lodging to veterans and military families receiving treatment at military medical centers. It got $131,000. The Bush Clinton Haiti Fund received $15,000 and the Boys and Girls Club of America got $10,000. Many of the other charities on the Obamas’ list center on education and health.
The comparatively impoverished Vice President and Mrs. Biden earned but $379,000 – Biden having had no dreams from his father and having failed to study the potential audaciousness of hope. They gave $5,350 to charity, but this includes $950 of
their old junk clothing and household items provided to Goodwill and the Clothing Bank of Delaware.
They filed as residents of Delaware, while the Obamas filed as residents of the house at 1600 Pennsylvania Ave.