American President Barack Obama And First Lady Pays $98,169 in total tax The President and First Lady also released their Illinois income tax return and reported paying $23,328 in state income tax.
Barack Obama & First Lady released their 2013 federal income tax returns. Obama and the First Lady filed their income tax returns jointly and reported adjusted gross income of $481,098. The Obamas paid $98,169 in total tax.
The President and First Lady also reported donating $59,251 – or about 12.3 percent of their adjusted gross income – to 32 different charities. The largest reported gift to charity was $8,751 to the Fisher House Foundation.
The President’s effective federal income tax rate is 20.4 percent. The President pushed for and signed into law legislation that makes the system more fair and helps the middle class by extending tax cuts to middle class and working families and asks the wealthiest Americans to pay their fair share. In 2013, as a result of his policies, the President was subject to limitations in tax preferences, as well as additional Medicare and investment income taxes, for high income earners.
The President and First Lady also released their Illinois income tax return and reported paying $23,328 in state income tax.