WASHINGTON (CNN) - The White House released 2008 tax returns Wednesday for the Obamas and the Bidens.
The president and the first lady reported an adjusted gross income of of more than $2.6 million last year, and paid $855,323 in federal income tax. The Obamas also donated $172,050, to 37 different charities, including $25,000 contributions to CARE and the United Negro College Fund.
The Obamas, who donated $26,270 to Rev. Jeremiah Wright’s Trinity United Church of Christ in 2007, did not contribute any money to the church in 2008. They donated $240,370 to 33 charities in 2007, including $35,000 to CARE, and $50,000 to the United Negro College Fund.
Read: The Obama's 2008 federal tax return
Read: The Obamas' 2008 federal form 709
Read: The Obamas' 2008 state tax return
Vice President and Mrs. Biden reported an adjusted gross income of $269,256, and an after-tax income of $183,315. They paid $46,952 in federal income taxes, and donated $1,885 to charity.
Read: The Bidens' 2008 federal tax return
Read: The Bidens' 2008 state tax return
Shouldn't the charitable contributions of Obama charities be individually listed? Obama promised the American people that transparency was the name of his game.
Don't complain about Obama or Biden unless you post your gross income and the amount you paid in Federal tax. I paid about 10% of my gross income in taxes. And i have a 6 figure income. I don't think I'm paying too much in taxes. In fact, I'd be happy to make a deal. If the government spends less they can start taxing my more. Cut spending by 50% and you can raise my taxes by 50%. After we pay down the debt, we can renegotiate.
Let's hear those GOP gripping about the President paying $800,000+ in taxes and NEVER once complaining.
President Obama himself stated he expected to PAY MORE TAXES than those making less than $250,000!!
I commend both President Obama and Vice President Biden for walking the walk.
NOW.....let's see if Rush Limbaugh, Newt Gingrich, etc. are willing to post their tax returns!!!