The Obamas and Bidens Release Tax Returns

NYT: President Obama and his wife Michelle Obama released their 2008 federal tax return on Wednesday, showing that they paid $855,323 in taxes on a combined household income of $2,656,902.

The couple also reported giving $172,050 — nearly 6.5 percent of their earnings — to 37 charities, including $25,000 contributions to CARE, a global anti-poverty group, and the United Negro College Fund.

The White House also released the tax return for Vice President Biden and his wife, Jill Biden. They reported an adjusted gross income of $269,256 and paid $46,952 in federal income taxes.

The Bidens also reported donating $1,885 to charity – less than one percent of earnings. In a press release, the Obama administration said that the Bidens have made additional donations to charity that they did not claim on their tax returns.