In 2012, Obamas Made $662,076, Paid $112,214 In Taxes | WAMU 88.5 - American University Radio

NPR : News

In 2012, Obamas Made $662,076, Paid $112,214 In Taxes

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 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Mexican TV Icon Roberto Gómez Bolaños Dies At 85

The actor, writer and director was a staple of Mexican television comedies and children's programs for decades.
NPR

From Humble Salt To Fancy Freezing: How To Up Your Cocktail Game

You don't need to have liquid nitrogen at your next cocktail party — but it's certainly a sure-fire way to impress your guests. Expert mixologist Dave Arnold walks you through it.
NPR

Week In Politics: Hagel's Resignation, Ferguson Grand Jury Decision

NPR's Ari Shapiro speaks with E.J. Dionne of The Washington Post and Brookings Institution and David Brooks of the New York Times about the grand jury's decision not to indict police officer Darren Wilson and the resignation of Defense Secretary Chuck Hagel.
NPR

Millennial Doctors May Be More Tech-Savvy, But Is That Better?

Text messages from your doctor are just the start. Millennials are the next generation of doctors and they're not afraid to say "chillax" in a consultation or check Twitter to find medical research.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.