This Is What the President's Tax Return Looks Like

More

President Obama and the First Lady have released their 2010 federal income and gift tax returns and the White House blog has the goods. Their adjusted gross income is $1,728,096, most of it made from the president's books. Their total federal tax burden was $453,770, for an effective tax rate of 26 percent, which is about average for the top quintile and slightly below average for a millionaire. The president got a considerable tax break from donating a seventh of his income to charity.

obama 1040.png
See more at the White House blog.
Jump to comments
Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Get Today's Top Stories in Your Inbox (preview)

What Is the Greatest Story Ever Told?

A panel of storytellers share their favorite tales, from the Bible to Charlotte's Web.


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

The Death of Film

You'll never hear the whirring sound of a projector again.

Video

How to Hunt With Poison Darts

A Borneo hunter explains one of his tribe's oldest customs: the art of the blowpipe

Video

A Delightful, Pixar-Inspired Cartoon

An action figure and his reluctant sidekick trek across a kitchen in search of treasure.

Video

I Am an Undocumented Immigrant

"I look like a typical young American."

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Writers

Up
Down

More in Business

Just In