Ron Burgundy Posted April 13, 2013 Share Posted April 13, 2013 By Jeff Mason and Kevin Drawbaugh WASHINGTON (Reuters) - President Barack Obama paid an effective federal tax rate of 18.4 percent in 2012 and saw income from his best-selling books drop as he ran for re-election, according to his tax returns released by the White House on Friday. Obama and his wife Michelle had adjusted gross income of $608,611 last year, down from $789,674 in 2011, and paid $112,214 in total taxes, compared to $162,074 in 2011. Their total income came in at $662,076 - down almost 22 percent from $844,585 the previous year. ... View the full article Quote Link to comment Share on other sites More sharing options...
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