Obama's tax returns: Income drops
April 12th, 2013
02:48 PM ET
1 year ago

Obama's tax returns: Income drops

Washington (CNNMoney) - President Obama and the first family saw their income drop slightly in 2012, according to tax returns released by the White House on Friday.

The returns show the president and First Lady Michelle Obama earned $608,611 last year, and paid $112,214 in taxes. Sales from his best-selling books slowed even further in 2012, bringing his overall gross adjusted income down 30% compared to 2011.

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Filed under: President Obama • Taxes
soundoff (18 Responses)
  1. Homer Simpson

    C'mon guest, lets hear it, btw, what about bush wars, whats your opinion? enough crickets

    April 12, 2013 02:53 pm at 2:53 pm |
  2. California

    At the begining of the year Obama raised middle class taxes. Everyone knows that.

    THANKS OBAMA

    April 12, 2013 03:06 pm at 3:06 pm |
  3. just sayin

    people are tired of listening to and now reading his lies. the gig is over. we all now know you are a total incompetent that can give a good speech and pit americans against americans.

    April 12, 2013 03:07 pm at 3:07 pm |
  4. Ed1

    I don't know how they will make along with his big 5% pay decrease this year we will pray for you Michelle and Obama.

    Hang in there you might be able to get food stamps or a free phone you can do it.

    April 12, 2013 03:23 pm at 3:23 pm |
  5. California

    CNN and all other liberal media sources are completely ignoring the Late term abortionist in PA. This guy actually would MURDER babies literally only minutes old also. Doing a procedure he called "snipping" which was cutting the spinal cord.

    April 12, 2013 03:25 pm at 3:25 pm |
  6. Dutch/Bad Newz, VA -aka- TAKE BACK THE HOUSE

    No big deal. When he releases his memoir, that's when the big bucks will roll in.

    April 12, 2013 03:25 pm at 3:25 pm |
  7. Donna

    The Bidens contributed $7,190, or 2% of their earnings, to charity in 2012.
    -–

    And this pathetic Scrooge is paying a little over 22% in federal taxes! Why isn't he and Obama voluntarily helping to pay for their massive government welfare state? Why aren't they paying what they are demanding of others?

    April 12, 2013 03:26 pm at 3:26 pm |
  8. Donna

    So Obama paid a measley 18.34% in federal taxes??? PAY YOUR FAIR SHARE YOU RICH 1% THIEF!! Pay that 40% you want everybody else to pay.

    April 12, 2013 03:35 pm at 3:35 pm |
  9. The Real Tom Paine

    -just sayin

    people are tired of listening to and now reading his lies. the gig is over. we all now know you are a total incompetent that can give a good speech and pit americans against americans.
    ***********
    Referesh my memory....who won last November? Who won by a clear majority, and who won 47%? The GOP certainly does not offer a real alternative as long as they idolize Calvin Coolidge-style policies, which means no policy on anything.

    April 12, 2013 03:36 pm at 3:36 pm |
  10. Wake up People!

    Good lord. Is that all you TROLLS do??? Lurk around looking for something, anything Obama so you can bash him? Get a damn job and stop hating. President Obama has done a very good job in spite of being handed a bowl of ish when he stepped into the Oval Office. All the GOP has done is obstruct. So put your meth pipes down and get out of the trailer park and do something productive with your miserable lives.

    April 12, 2013 03:43 pm at 3:43 pm |
  11. California

    Wake up People! – Your assumptions and ignorance is amazing but also comical.

    April 12, 2013 03:45 pm at 3:45 pm |
  12. Larry in Houston

    @ Wake Up People ! – That's the way those trolls are & do – To be perfectly honest, I never read their trash -or anything that comes out of their pie holes. They will finally wake up when the mid-terms rolls around – Just like November 6th 2012 – Then it will happen again, in 2016.

    April 12, 2013 03:50 pm at 3:50 pm |
  13. Donna

    Wake up People!
    President Obama has done a very good job
    --------–

    Record unemployment for a record length of time.
    Record deficits, over a trillion dollars every year and as far in the future as we can see.
    LOWEST labor participation rate since Jimmy Carter, 1979.
    HIGHEST food stamp rate in history, and climbing.
    Obamacare, falling apart every day, costing TWICE as much as we were told, millions to lose their healthcare
    One dead ambassador, the entire middle east in flames, radicals taking over countries.
    Iran driving full speed to a nuclear weapon,. North Korea threatens nulcear war.

    Oh yeah... this is the liberal definition of a good job.

    April 12, 2013 03:52 pm at 3:52 pm |
  14. The Real Tom Paine

    -Donna

    So Obama paid a measley 18.34% in federal taxes??? PAY YOUR FAIR SHARE YOU RICH 1% THIEF!! Pay that 40% you want everybody else to pay.
    ***************
    What, Donna? You're upset that a member of your favored oligarchy made some money? He never asked me to pay 40%, and I make more than he does. Get back to work, troll.

    April 12, 2013 03:54 pm at 3:54 pm |
  15. just sayin

    California
    CNN and all other liberal media sources are completely ignoring the Late term abortionist in PA. This guy actually would MURDER babies literally only minutes old also. Doing a procedure he called "snipping" which was cutting the spinal cord.
    -–

    yeah, wouldn't want to publicize the liberal murder chambers. liberals call this "choice" or "healthcare".

    April 12, 2013 04:02 pm at 4:02 pm |
  16. Len

    He is paying his fair share. He is followiing the current tax laws. He is not hiding money in the Cayman Islands like Mr. Romney. He wants to change the tax laws by closing tax loopholes for the upper 2%. He has said that many times but the GOP will not pursue that course of action because they want to protect the 2%. You all need to stop listening to Rush Limbaugh and watching Fox News.....they are not fair and balanced. We also must stop tax subsidies for the Big Oil Companys. They make billions of dollars every year and yet get tax breaks of billions of dollars. You all need to educate yourselfs and realize if it wasn't for President Obama we would be like Greece and others. Complete Austerity does not work.....Cut, Cut, Cut is not the complete answer. We need to cut spending but we also need to invest in roads, education and our health.
    Wake up!

    April 12, 2013 04:05 pm at 4:05 pm |
  17. Essie

    Thumbs up @Wake up People! There's about time someone told these self-righteous, FOX viewers the truth!! ~President Obama has done everything to appease these ungrateful whinners, and they still speak evil about him! That's why he is doing so well, and will go down in history as one of the GREATEST PRESIDENT'S EVERRRRR!!!!!! ~We love you, President Obama & Family! :)

    April 12, 2013 04:28 pm at 4:28 pm |
  18. Jim

    The poor man! I hope Monsanto makes up the difference.

    April 12, 2013 04:31 pm at 4:31 pm |