The Obamas paid $81,000 in federal taxes for 2015
President Obama and first lady Michelle Obama reported an adjusted gross income of $436,065 and paid $81,472 in federal taxes for 2015, the White House said Friday.
Those figures are from their 2015 federal income tax returns the White House released on Friday afternoon, which also reported that they donated more than $64,000 to 34 different charities. The largest gift was made to the Fisher House Foundation for just over $9,000.
The Obamas also donated $5,000 to the Beau Biden Foundation, which honors the life of Vice President Biden's late son who died last year after a battle with brain cancer. They also donated $2,000 to the Sandy Hook Promise Foundation, which is a national non-profit organization led by parents and spouses who lost family members in the 2012 Sandy Hook shooting massacre. Other organizations they donated do include the National Coalition for Homeless Veterans, Habitat for Humanity and Sidwell Friends School, which their two daughters Sasha and Malia attend.
The president's income tax rate is 18.7 percent, and the first couple also reported paying $16,017 in state income tax in their home state of Illinois.
As a result of a law Mr. Obama signed that extended tax cuts to the middle class, the White House said the president was subject to limitations in tax preferences for high income earners. Still, it called for legislation that would close tax loopholes that benefit the wealthy.
"While we've made progress toward ensuring that the wealthiest Americans pay their fair share, there is more work to do. We need to close special tax loopholes for millionaires and billionaires, and invest in the middle class," White House spokesman Josh Earnest wrote in a blog post.
Last year, the Obamas reported an adjusted gross income of $477,383 and paid $93,362 in federal taxes for 2014.
On Friday, Vice President Joe Biden and his wife Dr. Jill Biden reported an adjusted gross income of $392,233 and they paid $91,546 in federal taxes for 2015. They also paid $13,729 in Delaware income tax and Dr. Biden paid $3,882 in Virginia income tax. They contributed $6,620 to charity last year.
