I don’t feel too bad about the amount of tax I paid after reading what President Barack Obama and his wife Michelle paid last year.
The White House reported last week that the Obamas made $5.5 million last year and paid nearly $1.8 million in federal taxes.
They gave $329,000 to charities. That included $50,000 each to CARE and the United Negro College Fund.
The president donated his $1.4 million Nobel Peace Prize award to 10 charities.
The vast majority of the Obamas’ income was from the sales of the president’s books.