CHICAGO — Campaigning for president has been very good for Sen. Barack Obama's pocketbook, with his household income jumping from $991,296 in 2006 to $4.2 million in 2007, tax records show.
The Illinois Democrat had a net profit from book sales of $3.9 million, according to a copy of a 2007 tax return released Wednesday by Obama and his wife, Michelle. That total includes $169,706 in foreign income from overseas sales of his two best-selling books.
The Obamas' salaries totaled $260,735, which included his $157,102 salary as a U.S. senator and her part-time salary of $103,633 as a vice president at the University of Chicago Medical Center.
The couple paid nearly $1.4 million in federal taxes last year, and made $240,370 in charitable contributions. Their largest gifts were to the United Negro College Fund ($50,000), the international relief organization CARE ($35,000) and Trinity United Church of Christ in Chicago ($26,270).