Obamas declare earnings of £1.78 million for 2008

Thursday April 16, 2009

Tax return figures just released by the White House reveal that between them new American President Barack Obama and his wife Michelle earned $2.66 million last year.
 
The vast majority of the income came from royalties on sales of Mr Obama's two non-fiction books, his autobiography Dreams From My Father and the best-selling political manifesto The Audacity Of Hope
 
Covering a period from 2000 to 2006 the returns, which also show the couple donated over £115,000 to various charities and paid nearly £627,000 in tax, reflect the couple's changing financial situation with a steep increase in family income.
 
In 2000 their combined income - based on Barack's salary as a young state senator in Illinois and his wife's salary as a hospital administrator - was $240,505. By 2005 it had risen to $1.6 million.

Photo: ę Getty Images

  • <
  • Obamas declare earnings of £1.78 million for 2008

  • >
  • 7 of 11

´╗┐
´╗┐

Most Read Stories

follow us on

´╗┐

Featured content

Red Carpet

All the latest news and pictures from the red carpet

Jennifer Lawrence

The latest news and pictures of the hot young Hollywood actress and star of Silver Linings Playbook

´╗┐
´╗┐

Suggestions