Barack Obama income falls to $477,000 in 2014 as book sales slow
President Barack Obama and his wife Michelle earned $477,383 in 2014, a decline over the past few years as sales of the president's biographies declined, according to their tax return released by the White House on Friday.
President Barack Obama and his wife Michelle earned $477,383 in 2014, a decline over the past few years as sales of the president's biographies declined, according to their tax return released by the White House on Friday.
Obama is paid $400,000 for his position as the US president. For 2014, the couple paid $93,362 in income taxes.
The couple's return showed they gave $70,712 to 33 charities with the largest gift of $22,012 going to Fisher House Foundation, which houses military families while a relative receives treatment.
Most of the Obamas' income above his government salary came from publishers Dystel and Goderich and Random House, and interest, according to the return.
The Obamas earned $503,183 in 2013 and $662,076 in 2012. Barack Obama's highest income since becoming the 44th president was in 2009, the year he took office, when he reported income of $5.5 million, which included book sales and the Nobel Peace Prize.
Vice President Joe Biden and his wife Jill, a community college professor, also released their tax returns on Friday, reporting a combined income of $388,844.