Top Ten Videos to watch

Justice for Tamir sign held aloft. Stop Mass Incarcerations...
Kym Whitley
Pepsi Super Bowl 50 Halftime Show
Donald Trump's 'Crippled America' Book Press Conference
New Hampshire Primaries
TV One At The 47th NAACP Image Awards
Donald Trump Holds Rally In Biloxi, Mississippi
Behind bars
47th NAACP Image Awards Presented By TV One - Press Room
A Man Operating A Tv Camera
Maurice White
'News One Now' With Roland Martin Taping
Bill Cosby
Activists In Los Angeles Gather To Burn Likenesses Of The Confederate Flag
Flint Firebirds V Windsor Spitfires
CBC Message To America: Rep. Conyers Addresses The Damage Inflicted On Our Communities By Poverty, Mass Incarceration And Lack Of Economic Development
Iowa Caucus Ted Cruz
NewsOne Now NAACP Image Awards Preview
Student sitting at a desk in a classroom
Rahm Emanuel Announces Police Accountability Task Force As CPD Chief Is Fired
Slavery Stock image
The 16th Annual Wall Street Project Gala Fundraising Reception
Ava DuVernay
Roland Martin Blasts Stacey Dash For Comments About BET, Black Networks
President Obama Delivers State Of The Union Address At U.S. Capitol
Ava DuVernay
2016 North American International Auto Show
Leave a comment


President Barack Obama (pictured left) made less money in 2012 than in any other year since taking office.  The President and First Lady Michelle (pictured far right), who file jointly, had an adjusted gross income of $608,611, down from $789,674 in 2011. They also paid $112,214 in total taxes, compared to $162,074 in 2011, as the family’s tax return, which were publicly, released indicate.

SEE ALSO: Obama Administration: ‘Affordable Care Act’ Can Help Minorities Overcome Health Disparities

The Obamas total income came to $662,076, which plummeted nearly 22 percent from $844,585 during the previous year.

The presidential yearly salary comes in at $400,000, and for the previous two years, Obamas earnings were $394,800, the difference of $5,200 is attributed to the pre-tax amount of their health insurance premium.

The monies the couple made from various outside business ventures also took a dip.  In 2011, the Obamas had business income that came to $441,369, and last year, their earnings dwindled down to $258,772.

As far as deductions, the Obamas claimed a $50,000 retirement plan contribution, two dependents (daughters Sasha, who is pictured beside the President, and Malia, who is pictured beside the First Lady), some mortgage interest, real estate, and state income taxes.

The presidential couple donated $150,034, or about 24.6 percent of their adjusted gross income, to 33 various charities. The largest gift to charity was $103,871 to the Fisher House Foundation, which aids military families.

The Obamas paid $29,450 to the state of Illinois.

Here’s a fun fact:  first daughter Sasha’s actual name is Natasha.

If you’d like to see more of the Obamas tax return, you can download it here at the White House website, where Vice President Joe Biden and his wife Jill have also posted their returns.

SEE ALSO: 7 Interesting Details To Know About President’s 2014 Budget

Also On News One: