Barack Obama Makes $500,000 a Year

US President Barack Obama and First Lady Michelle Obama paid $98,000 in taxes on $481,098 of adjusted gross income in 2013.

The first family, which reported an overall income of $503,183 before factoring in tax reductions, made about 27% less than in 2012, when their adjusted gross income was $608,611.

The Obamas donated $59,251, or 12.3% of their income, to charity in 2013.

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