{"id":529221,"date":"2010-04-15T14:09:00","date_gmt":"2010-04-15T18:09:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/barack-obamas-tax-return-2010-4"},"modified":"2010-04-15T14:09:00","modified_gmt":"2010-04-15T18:09:00","slug":"10-interesting-things-we-learned-from-barack-obamas-tax-return","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/529221","title":{"rendered":"10 Interesting Things We Learned From Barack Obama’s Tax Return"},"content":{"rendered":"

\"obama<\/a>Even the man at the top has to pay Uncle Sam.<\/p>\n

Obama paid a whopping $1.8 million income tax, which means his income is much higher than the $400,000 they talk about in civics class. That’s because this guy is a best-selling author.<\/p>\n

We’ve found all kinds of somewhat interesting details in the president’s tax return<\/a>.<\/p>\n

Here’s The Tax Return Highlights ><\/a><\/h2>\n

Barack Obama earned $5.5 million last year… most of it from book sales<\/h2>\n

\"Barack<\/div>\n

<\/p>\n

He wrote off $866 in office expenses for his book project<\/h2>\n

\"He<\/div>\n

<\/p>\n

Obama paid $59 thousand to foreign governments! (Taxes on book sales)<\/h2>\n

\"Obama<\/div>\n

<\/p>\n

He also earned money from a diversified portfolio<\/h2>\n

\"He<\/div>\n

<\/p>\n

Obama inherited several hundred thousand dollars from his grandmother… on which he paid around 33% in taxes<\/h2>\n

\"Obama<\/div>\n

<\/p>\n

They still get their taxes done by a Chicago firm<\/h2>\n

\"They<\/div>\n

<\/p>\n

Obama received $1.4 million from the Nobel Committee… and gave it all to charity<\/h2>\n

\"Obama<\/div>\n

<\/p>\n

Obama gave 6% of his income to charity (not counting Nobel Prize money), while most people give only 3.3%<\/h2>\n

\"Obama<\/div>\n

Source: Fox Business<\/a><\/p>\n

<\/p>\n

Obama gives disproportionately (25%) to charities located in Chicago<\/h2>\n

\"Obama<\/div>\n

<\/p>\n

Assuming a 32% rate, Obama will pay 1.79 million in income tax<\/h2>\n

\"Assuming<\/div>\n

<\/p>\n

He also paid $160,000 in state income tax to Illinois<\/h2>\n

\"He<\/p>\n

Illinois Governor Patt Quinn<\/p>\n<\/div>\n

Source: MSNBC<\/a><\/p>\n

<\/p>\n

Don’t miss…<\/h2>\n

\"Don't<\/p>\n

Image: davitydave on flickr<\/p>\n<\/div>\n

20 Tax Facts That Will Make Your Head Explode<\/a><\/h2>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Even the man at the top has to pay Uncle Sam. Obama paid a whopping $1.8 million income tax, which means his income is much higher than the $400,000 they talk about in civics class. That’s because this guy is a best-selling author. We’ve found all kinds of somewhat interesting details in the president’s tax […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-529221","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/529221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=529221"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/529221\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=529221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=529221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=529221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}