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President Obama and his wife Michelle had a combined income of $5,505,409 and paid close to $1.8 million in federal taxes for 2009. That is double what they paid last year. The presidents income came in the way of book sales, Dreams From My Father and The Audacity of Hope.
The Presidents Nobel Peace Prize award of $1.4 million was not reported because he donated all of it to 10 different charities. They also donated $329,100 to 40 different charities.Â
The Presidents tax return
In 2008 the President’s income was $2,656,902 from book sales and paid $855,323 in federal income tax.
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