President Obama and first lady Michelle ObamaMichelle ObamaMichelle Obama surprises Chance the Rapper with BET Awards video Michelle Obama holds fitness 'bootcamps' for friends Obama marks Father’s Day: ‘I'm most proud to be Sasha and Malia's dad’ MORE earned $481,098 in 2013 and paid $98,169 in taxes, according to documents provided Friday by the White House.

Their earnings have dropped significantly due to weakening sales of the president's books. In 2012, the Obamas reported $608,611 in income

Read the Obamas' 2013 tax returns