IRS Gov Docs: POTUS & VPOTUS 2013 Tax Returns
On April 11, the President released his 2013 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $481,098. The Obamas paid $98,169 in total tax. The President and First Lady also reported donating $59,251 – or about 12.3 percent of their adjusted gross income – to 32 different charities.
The President’s effective federal income tax rate is 20.4 percent…The President and First Lady also released their Illinois income tax return and reported paying $23,328 in state income tax.
The Vice President and Dr. Jill Biden also released their 2013 federal income tax returns, as well as state income tax returns for both Delaware and Virginia…Together, they reported adjusted gross income of $407,009. The Bidens paid $96,378 in total federal tax for 2013, amounting to an effective tax rate of 23.7 percent. They also paid $14,644 in Delaware income tax and Dr. Biden paid $3,470 in Virginia income tax. The Bidens contributed $20,523 to charity in 2013.