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Thursday, April 15, 2010

Obama and Biden Release Tax Returns

Obama Tax Return 

President Obama and Vice-President Biden today released their 2009 tax returns:

Obama:

Biden:

Here are charts putting the 2009 returns in context with their earlier returns:

Obama:

Year

AGI

Tax

Charitable Gifts

Gifts/AGI

2009

$5,505,409

$1,792,414

$329,100

6.0%

2008

$2,656,902

$855,323

$172,050

6.5%

2007

$4,139,965

$1,396,772

$240,370

5.8%

2006

$983,826

$277,481

$60,307

6.1%

2005

$1,655,106

$545,614

$77,315

4.7%

2004

$207,647

$40,426

$2,500

1.2%

2003

$238,327

$51,856

$3,400

1.4%

2002

$259,394

$68,958

$1,050

0.4%

2001

$272,759

$86,072

$1,470

0.5%

2000

$240,505

$63,732

$2,350

1.0%

Biden:

Year

AGI

Tax

Charitable Gifts

Gifts/AGI

2009

$333,182

$71,147

$4,820

1.45%

2008

$269,256

$47,464

$1,885

0.70%

2007

$319,853

$66,273

$995

0.31%

2006

$248,859

$42,832

$380

0.15%

2005

$321,379

$70,473

$380

0.12%

2004

$234,271

$41,845

$380

0.16%

2003

$231,375

$38,393

$260

0.11%

2002

$227,811

$41,756

$260

0.11%

2001

$220,712

$40,728

$360

0.16%

2000

$219,953

$42,313

$360

0.16%

1999

$210,797

$40,309

$120

0.06%

1998

$215,432

$35,131

$195

0.09%

Press and blogosphere coverage:

http://taxprof.typepad.com/taxprof_blog/2010/04/obama-and-biden-release-tax-returns.html

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Listed below are links to weblogs that reference Obama and Biden Release Tax Returns:

» You're welcome, Mr. President! from Roth & Company, P.C.
President Obama released his 2009 tax returns. His biggest income item was a $5 million-plus Schedule C for his book... [Read More]

Tracked on Apr 19, 2010 9:48:34 AM

Comments

Well there's not much question who's more generous now is there?

Posted by: mike livingston | Apr 15, 2010 5:33:58 PM

As Biden would say, charitable giving by Obama and him, especially at times when they thought no one would look, is a BFD.

Posted by: Woody | Apr 16, 2010 10:06:22 AM

The Obamas and the Bidens should have gotten second opinions on their tax returns. Their preparers cost them money!

Posted by: WD Kebschull | Apr 17, 2010 11:09:44 PM