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The First Family Is Definitely Not Getting a Tax Cut

Well, of course it’s Tax Day, and while we’ve been a bit preoccupied with all the wacky Tea Party hijinks, it also means that we get to take a look at the

Jul 31, 2020
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Well, of course it’s Tax Day, and while we’ve been a bit preoccupied with all the wackyTeaPartyhijinks, it also means that we get to take a look at the president and first lady’s tax returns, which were just released.
The bottom line: they do all right for themselves. The Obamas claimed a total income of $2,736,107 and an adjusted gross income of $2,656,902 for 2008. They paid $855,323 in federal income tax. You can take a look at their federal 1040 form here(pdf). Their Illinois state return is here(pdf). And their federal 709 form (which I can only assume that I’m not familiar with because I make much, much less money than they do) is here(pdf).
Hajra Shannon

Hajra Shannon

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Hajra Shannona is a highly experienced journalist with over 9 years of expertise in news writing, investigative reporting, and political analysis. She holds a Bachelor's degree in Journalism from Columbia University and has contributed to reputable publications focusing on global affairs, human rights, and environmental sustainability. Hajra's authoritative voice and trustworthy reporting reflect her commitment to delivering insightful news content. Beyond journalism, she enjoys exploring new cultures through travel and pursuing outdoor photography
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