President, first lady report more than $5.5 million in income

President Barack Obama and first lady Michelle reported more than $5.5 million in adjusted gross income and paid nearly $1.8 million in federal income tax, the White House said Thursday. 

The majority of the president's income came from the sale of his books, Dreams from My Father and The Audacity of Hope. The presidential salary is $400,000.

The first family reported donating $329,100 to 40 different charities, with the largest gifts of $50,000 to CARE and the United Negro College Fund.

Obama split his $1.4 million Nobel Peace Prize Award between 10 charities, with the Fisher House Foundation and the Clinton-Bush Haiti fund taking home the most, with $250,000 and $200,000, respectively.

The Obamas also reported paying $163,303 in Illinois state income taxes.



Vice President Joe Biden and his wife, Jill, earned significantly less in 2009 than the Obamas, according to their tax returns released by the White House.


The Bidens reported $333,182 in adjusted gross income, and paid $71,147 in federal income tax, or 21.5 percent of their income. The Bidens also paid $12,420 in Delaware taxes and $1,477 in Virginia taxes.

Joe and Dr. Jill Biden gave $4,820 to charity in 2009.

To see Obama's tax return click here.

To see the tax form related to Nobel Prize contributions. 

To see the Biden's returns, click here.