Reporting from Washington — Brisk book sales lifted President Obama's income to $5.5 million in his first year in office, an amount that dwarfs that of his recent predecessors while in power and reflects the public's continued willingness to pay to read his writings.
On tax day, the White House released 2009 returns showing that the Obamas' income more than doubled from the year before. They collected $2.7 million in 2008, and $4.2 million in 2007.
Obama paid nearly $1.8 million in federal taxes and $163,000 in Illinois state taxes. Forty charities received $329,100 from the Obamas in 2009, with the biggest chunk ($100,000) going to the United Negro College Fund and CARE, which combats world poverty. Separately, Obama donated his $1.4-million Nobel Peace Prize award to 10 charities. Because he asked the entire award money be sent directly to the charities, he did not have to report it as income.
The return was filed jointly by Obama and his wife, Michelle, who had no professional income in 2009, according to the White House.