Obamas Paid $453,770 in Taxes on $1.7 Million in Income in 2010

Majority of income is from proceeds from the sale of the president’s books.

Posted: 04/18/2011 02:51 PM EDT

The Obamas reported an income of $1,728,096 for 2010, according to tax returns that were posted on the White House website Monday. They paid $453,770 in total federal taxes.

The majority of the family’s income is from the proceeds of the sale of the president’s books.

The president and first lady also reported donating $245,075—or about 14.2 percent of their adjusted gross income — to 36 different charities. 

The largest reported charitable gift was $131,075 to the Fisher House Foundation. President Obama is donating the after-tax proceeds from his children’s book to a Fisher House scholarship fund for children of fallen and disabled soldiers. 

The president and first lady also released their Illinois income tax return and reported paying $51,568 in state income taxes.

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