Covering Washington politics. From our vantage point. One day a time.

Monday, April 18, 2011

Tax Payers' Delight?

President Obama and Vice President Biden’s Tax Returns and Tax Receipts

Today, the President released his 2010 federal income and gift tax returns. He and the First Lady filed their income tax return jointly and reported an adjusted gross income of $1,728,096. The vast majority of the family’s income is the proceeds from the sale of the President’s books. The Obamas paid $453,770 in total federal tax.

In his State of the Union Address, President Obama promised that this year, for the first time ever, American taxpayers would be able to go online and see exactly how their federal tax dollars are spent. You can visit the taxpayer receipt and after entering a few pieces of information about your taxes, the taxpayer receipt will give you a breakdown of how your tax dollars are spent on priorities like education, veterans benefits, or health care.

View the President and First Lady’s tax receipt here.

View the Vice President and Dr. Biden’s tax receipt here.

Understand how and where your own tax dollars are being spent. Click here.

More at the White House blog.

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