Obamas pay Rs 8 cr in taxes for '09

16 April,2010 06:47 AM IST |   |  Agencies

Thanks to revived book sales after he became US president, Barack Obama and his wife, Michelle, made $5.5 million (Rs 24 crore) last year


Thanks to revived book sales after he became US president, Barack Obama and his wife, Michelle, made $5.5 million (Rs 24 crore) last year

They paid about one-third of it,u00a0$1.8 million (Rs 8 crore) in federal income taxes.

The Obamas gave $329,100 (Rs 1.4 crore) to charities in 2009. The president, who released his tax returns Thursday, also donated his entire $1.4 million (Rs 6.2 crore) Nobel Peace Prize award to 10 charitable groups. He never received the $1.4 million, and it was not included in his 2009 income.


Obama became a millionaire a few years ago through sales of his 1995 memoir Dreams From My Father and his 2006 political book, The Audacity of Hope.
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