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Non-Elite Obamas Made $4.2M Last Year

More on the struggling Obamas from their fans at the Associated Press:

Obama reports income of $4.2 million in 2007 tax returns

By BETH FOUHY, Associated Press Writer

PHILADELPHIA – Democratic Sen. Barack Obama and his wife, Michelle, made $4.2 million last year as widespread interest in the presidential candidate pushed the sales of his two books.

In tax returns the campaign released Wednesday, the Obamas reported a significant jump in their income from the previous year as profits from the books “Dreams From My Father” and “The Audacity of Hope” accounted for some $4 million. The Obamas paid federal taxes of $1.4 million and donated $240,370 to charity.

Their salaried income was $260,735.

In 2006, Obama and his wife reported income of $991,296. The sum included Obama’s Senate salary of $157,082 and his wife’s earnings of $273,618 from her position as an administrator at the University of Chicago Hospitals. Michelle Obama also earned $51,200 in director’s fees from TreeHouse Inc., a food distributor.

They paid $277,431 in federal taxes — an overpayment of $40,856, which they designated for estimated tax payments this year.

Among the charitable donations in 2007 was $26,270 to Trinity United Church of Christ, where the incendiary sermons of Obama’s former pastor have created problems for the candidate. The Obamas’ largest charitable donation was $50,000 to the United Negro College Fund. They also gave $35,000 to CARE…

And yet they still hate America.

The country that made them rich for doing nothing.

This article was posted by Steve on Wednesday, April 16th, 2008. Comments are currently closed.

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