Monday, April 18, 2011

$453.770

WASHINGTON - President Barack Obama is making less money than he used to, though it's still a lot: He and wife Michelle reported income of $1.73 million last year, mostly from the books he's written, according to his just-filed tax return. That was down from the $5.5 million of a year earlier. The president, who has been campaigning to raise taxes on the wealthy, paid the government $453.770 in federal taxes, about a quarter of the income. Just last week, he renewed his push to end Bush-era tax cuts for households with annual incomes above $250,000 - noting that that would include him. - TOM RAUM

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