Obama pays $162,074 in taxes

Obama pays $162,074 in taxes
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Summary US President Barack Obama and his wife paid more than $160,000 in federal taxes last year.

The White House says President Barack Obama and his family paid more than $160,000 in federal taxes last year.The presidents 2011 federal income tax return shows reported adjusted gross income of about $790,000 last year.About half of the first familys income is the presidents salary. The White House says the rest comes from sales of Obamas books.

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