President Obama Releases 2011 Tax Return

President Obama Releases 2011 Tax Return

April 13, 2012

According to The White House blog, President Barack Obama on Friday released his 2011 federal income and gift tax returns.

In a joint return, Obama and First Lady Michelle Obama reported an adjusted gross income of $789,674. They paid $162,072 in total taxes for an effective federal income tax rate of 20.5 percent, according to The White House blog.

The Obamas also reported donating a total of $172,130 to 39 different charities, according to the blog.

Read the story posted on The White House Blog HERE.

What are your thoughts CLICK HERE to leave us a "My2Cents” comment.

© Copyright 2014 A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.