More Money Blog

The White House just released the President’s and Vice President’s income tax return documents. Here is the release from WhiteHouse.gov:

Today, the President released his 2008 federal income tax returns.  He and the First Lady filed their income tax returns jointly and reported an adjusted gross income of $2,656,902.  The vast majority of the family’s 2008 income is the proceeds from the sale of the President’s books.  The Obamas paid $855,323 in federal income tax.

 

The President and First Lady also reported donating $172,050 – or about 6.5% of their adjusted gross income – to 37 different charities.  The largest reported gifts to charity were $25,000 contributions to CARE and the United Negro College Fund.

 

The President and First Lady also released their Illinois income tax return and reported paying $77,883 in state income taxes.

 

Copies of the returns are available below:

 

Download the President’s Federal 1040 form (pdf)

 

Download the President’s Federal 709 form (pdf).

 

Download the President’s Illinois State income tax return (pdf)

Also check out the Vice President’s here: http://www.whitehouse.gov/blog/09/04/15/Release-of-the-President-and-Vice-Presidents-Tax-Returns/