April 16th, 2008
06:00 PM ET
6 years ago

Obama releases 2007 federal tax return

PHILADELPHIA, Pennsylvania (CNN) - Democrat Barack Obama released his 2007 federal tax return Wednesday, just hours before the Illinois senator and Democratic rival Hillary Clinton will take the stage at a debate in Philadelphia.

According to the campaign, the Obama's brought in a total income of $4,238,165, the vast majority of which came from sales of the White House hopeful's bestselling book.

More details provided by the campaign:

Adjusted gross income: $4,139,965
Salaried income: $260,735
Net profit from books: $3,943,378
Federal taxes paid: $1,396,772
Total charitable contributions for 2007: $240,370

Click here to view the Obamas' 2007 federal tax return on the Obama campaign's website.

soundoff (170 Responses)
  1. Avis, Richton Park, IL

    Okay Hillary, where's your 2007 tax return?

    April 16, 2008 06:49 pm at 6:49 pm |
  2. johnny boy

    looks like he is well on his way to making "clinton" money.

    April 16, 2008 06:49 pm at 6:49 pm |
  3. chris

    Hillary 2007 returns was $20+ million right?

    Lets talk about elitism...

    or robbing from the poor...

    or hypocracy...

    April 16, 2008 06:49 pm at 6:49 pm |
  4. Vig

    We should all write books about ourselves and our unique histories and become millionaires.

    April 16, 2008 06:50 pm at 6:50 pm |
  5. Sue

    Okay Hillary- he is truly vetted-What baout you? How much and from whom did Bill earn all that money, besides the money he took for promoting columbia Free Trade?

    April 16, 2008 06:50 pm at 6:50 pm |
  6. Fact check Lawrence KS

    This is what transparency is all about. Now I hope the Clintons will reveal the list of all donors to the Bill Clinton Library.

    April 16, 2008 06:50 pm at 6:50 pm |
  7. In oregon and want change

    Where's Billary's ???????

    Huh?

    April 16, 2008 06:50 pm at 6:50 pm |
  8. Wang LI

    Go Obama !

    April 16, 2008 06:51 pm at 6:51 pm |
  9. steve

    So simple, so clean.
    Sweet.

    April 16, 2008 06:52 pm at 6:52 pm |
  10. vanchava

    Making money the CLEAN way

    Not by businesses in Dubai

    April 16, 2008 06:52 pm at 6:52 pm |
  11. Scott C

    It embodies the American as far as I am concerned.

    3 years ago he had little money and student loan debt, today he is a millionaire due to the proceeds of a book he wrote.

    Good for him.

    April 16, 2008 06:55 pm at 6:55 pm |
  12. Tracey, Los Angeles

    Looks like book writing is pretty lucrative. Is this a so much for the "I'm just like you" argument?

    Ugh... politicians.

    Good for him. Good for Hillary. Money's awesome... either one of you... go out and figure out how to make our country prosperous.

    April 16, 2008 06:55 pm at 6:55 pm |
  13. Kevin

    I'm an Obama fan. But still have to say I would have expected more then $240, 000 in charitable contributions. Like 10% of his total income is more like it. Bible say's so. :-) So should be like $400,000 for the year. :-)

    Just had to say it. Don't change my vote. Oh wait I can't vote I'm Canadian. :-( lol

    Kevin

    April 16, 2008 06:55 pm at 6:55 pm |
  14. Ardnuas

    Why hasn't Annie Oakley and McSame released their 2007 tax returns?
    Obama/Edwards08 Si Se Puede

    April 16, 2008 06:56 pm at 6:56 pm |
  15. rodney

    SOME WAYS FROM 109 MILLION. HONESTLY, I THOUGHT HE MADE MORE THAN THAT.

    April 16, 2008 06:57 pm at 6:57 pm |
  16. Taylor

    Now, I doubt that people will comment on the fact that Obama is far from poor or needy now. Probably not.

    April 16, 2008 06:57 pm at 6:57 pm |
  17. Mike

    I'm sure some of those contributions went to the Church of Rev. Wright, so that he can continue to speak his HATRED!!!

    Go Hillary!!!!!!!

    April 16, 2008 06:58 pm at 6:58 pm |
  18. James, PA

    Nothing much to see, which compares to the Clintons. 109M.

    April 16, 2008 06:58 pm at 6:58 pm |
  19. Jim

    No charitable contributions to anything but causes for his race. Is that the type of President he'll be?

    April 16, 2008 07:00 pm at 7:00 pm |
  20. sandy

    This is good news! Open and honest Obama for President!

    April 16, 2008 07:00 pm at 7:00 pm |
  21. Zeka-jones - Ontario,Canada

    Now that's transparency, GOOD FOR YOU Obama

    April 16, 2008 07:01 pm at 7:01 pm |
  22. Brett

    Haha. So much for being the anti-establishment candidate. Looks like he's a multimillionaire politician after all :) By the way, the Clinton's gave away much more money to charity than the Obamas!

    April 16, 2008 07:02 pm at 7:02 pm |
  23. Celia Ann in Michigan

    Where are the Library Donors? (Especially since we see that Bill Clinton is running for President Again)?

    How much have his Saudi Friends donated to the Library? I have heard numbers in the range of $150-175 Million Dollars. I would sure would like to know.

    April 16, 2008 07:02 pm at 7:02 pm |
  24. Vince Los Angeles, CA

    ROTFL......now doesn't Hillary (and you supporters) feel PETTY??

    April 16, 2008 07:02 pm at 7:02 pm |
  25. Mark

    Is the $109,000,000 princess really accusing Obama of being an elitist? Get real.

    April 16, 2008 07:03 pm at 7:03 pm |
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