WASHINGTON (AP) -- President Barack Obama and his wife, Michelle, millionaires from his best-selling books, made $2.7 million last year and paid just under one-third of their adjusted income in federal taxes. While the income, mostly his, was far more than the U.S. median household income of about $50,000, it was quite a decrease from the $4.2 million the Obamas made in 2007.... By SHARON THEIMER More...
Yea, but he knows how bad he's going to rape Americans in the future. That's why he made sure he got his $500,000 advance on his childrens book four days before taking office. He knows he'd loose nearly half of it to taxes if he had to collect it after he gets done.