Obama’s tax return: Income down — to $1.7 million (AP) – 1000th Edition

19 04 2011

FILE - In this April 14, 2011 file photo, President Barack Obama speaks to media in the Oval Office of the White House in Washington. Campaigning to raise taxes on the wealthiest Americans, President Barack Obama joins the last-minute throng to file returns. A year ago, the president and his wife earned $5.5 million, mostly from book sales, paying about one-third of it in federal taxes while employing the Bush-era tax cuts Obama is trying to end. (AP Photo/Carolyn Kaster, File)AP – President Barack Obama is making less money than he used to, though it’s still a lot: He and wife Michelle reported income of $1.73 million last year, mostly from the books he’s written, according to his just-filed tax return. That was down from the $5.5 million of a year earlier.

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