Politics
Elections 2012: In a campaign move, Obama releases tax returns
Carney said Obama earned even less in 2011 because of “fluctuations” in book sales.
For Vice President Joe Biden and his wife, Jill, this year’s tax return looks almost identical to last year’s.
Returns for 2011 released by the White House show the Bidens paid US$87,900 in federal taxes on adjusted gross income of US$379,035. Their income was US$143 below their 2010 return, but their tax bill was US$1,274 higher. In both cases, the effective tax rate was just over 23 percent.
On the latest return, the Bidens listed US$5,540 in donations to charity.
Most of the couple’s income came from the vice president’s salary of US$225,521 and Mrs. Biden’s wages of just over US$82,000 for teaching at Northern Virginia Community College.
Copyright © 2012 The Associated Press.
