The Obamas’ tax returns show how capitalism helped make them rich
Well, God damn America! Here are the Obamas’ tax returns. They show that much of the family’s recent wealth came from the success of Barack’s books, including the one whose title was inspired by his class warfare-spewing, profanity-spewing, upper-middle-class spiritual guru:
The Obamas earned a combined $430,700 in salary, and more than $506,000 in income from Barack Obama’s book sales in 2006. The Illinois senator’s second book, “The Audacity of Hope,” flew to the top of The New York Times bestseller list after its release in October 2006.
In 2005, Obama made $1.2 million from the 2004 re-release of his first book, “Dreams From My Father,” which was first published in 1995 but found new interest following Obama’s widely-praised appearance at the 2004 Democratic National Convention. In all, the Obamas declared $1.67 million in adjusted gross income in 2005, itemized $112,000 in deductions, including $77,000 in charitable deductions, $5,000 of which went to the Obamas’ church, Trinity United, whose reverend has made news lately for his anti-American sermons.
The couple paid more than $114,000 in taxes in 2005 and ended up owing $430,000.
In addition to more than $300,000 in income from her job as a vice president of community and external affairs at the University of Chicago Medical Center, in 2006 Michelle Obama also earned $51,200 in 2000 from serving on the board of directors of TreeHouse Foods, which provides products and services to the private label and food service industries. She resigned from the board in May 2007, citing too many demands on her time.
Between 2000 and 2004, the Obamas adjusted gross income was between $207,000 and just over $275,000 per year.
But hey–don’t you dare think about entering corporate America yourself or Michelle Obama will spank your greedy ass-ets.
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Related:
Jeremiah Wright will speak in Tampa tonight. (Update: Cancelled.)
TaxProf examines the Obamas’ charitable giving.
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Categories: Barack Obama

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For the 1st time in my adult life I am proud of the IRS.
How typical, sleep with capitalism at night and denounce it by day.
Obama and Hillary are running neck-in-neck in the hypocracy race. Oops, shouldn’t use the word “race” being just an average white person.
seems to be the dipstick “reverend” has cancelled his speaking events in Floriduh.
Now, now, they need the money for the kids private school. Can’t be giving to charity can we?
L
It’s funny how all of these socialists think that capitalism is fine for them but not for the rest of us.
Oops, a little underwithheld, weren’t we? I wonder how much the interest and penalties will be?
What’s the big deal?
Just a “Typical black persons” tax return.
lgm, lgm, lgm, anything you see on this return concerning abortion terrorists contributions?
Typical rich black people.
What a couple of cheap bastards. They didn’t even give 1% of their ONE MILLION TWO HUNDRED THOUSAND dollar income to charity.
I guess I can’t say “typical……..”
I guess when the Husseins go out to dinner, the waiter is left “hope for change” instead of a tip.
And Michelle Obama says she can’t afford piano lessons for her daughter? Gee, life’s rough when you make that kind of money. Want to switch? I can afford piano lessons for a daughter here.
hmmm, they got a $40,000 refund. I guess they didn’t feel obligated to let the government keep that money to help the poor?
Please continue to bash the Democratic candidates. It confirms my belief that that the failed policies of the current Republican administration along with a lackluster Republican candidate give the right no other means by which to win this election.
Typical liberal hypocrite.
txvet2:
That is the lie that the communists tried to sell to the Hungarians. They were finally proven to be liars.
Please go to the Daily Kos, or the Huffington Post and tell them to stop bashing the Republican candidates,
If you have the balls, TheOtherSide.
In Do As I Say (Not As I Do)…
Michael Moore owns stock in Halliburton while blasting the Iraq War, and stock in pharmaceutical companies while filming Sicko…
Ralph Nader made millions by short selling companies he was about to go after…
Nancy Pelosi champions labor unions (and receives donations and votes in return) EXCEPT at the hotels and vinayards that she owns.
among others.
Where’s the beef, Hillary? I want to see your tax return too (or is that to? Damn liberals and their crazy signs have me confused)
I find it interesting that on their 2006 return at least (I didn’t check the others), neither of them checked the box for a voluntary $3 contribution to the Presidential Election Campaign Fund.
Yeah, the $300,000 a year she makes barely covers anything. D#%^ those Ivy League Schools - making her pay back those loans. D#%^ America for making her go to Harvard and Princeton in the first place. And piano lessons - the Black Man’s Burden for sure. But at least she talked all those people in that Ohio town making $20,000 a year out of working in the evil hedge fund industry.
The failed policies would include;
Not sending more troops to Iraq sooner.
Backing Ted Kennedy’s Shamnesty bill.
The Prescription Drug bill. I’m still looking but I can’t find anything about that in the Constitution.
Backing off partially privatizing Social Security.
Massive increase in spending for education but failing to get vouchers passed.
The type of failed policies (usually with massive price tags) of which we will only get more with a Democrat in the White House.
$430,700 in salary
$506,000 from book sales
$1.67 million in adjusted gross income in 2005
Being classified as “poor” by Rev. Jeremiah Wright: PRICELESS
For the record, our post-tax, post-health insurance deduction income last year was just under $39,000.
Didn’t know that in Rev. Wright’s world, I’m down right impoverished.
The pastor of the hosting church cancelled the Tampa appearance.
Tax tip of the day: If you pay in an amount equal to your prior year’s tax you will not be penalized on any balance due as long as it is paid on or before April 15th
I’m sure the Obama’s have a good accountant that properly advised them on that.
Sorry, but I just can’t ignore these things this time of year!
Regards from your resident brain dead CPA
So TheOtherSide is just going to seagull this page, fly in, take a crap and swoop out without responding to any questions directed at him?
Typical democrat troll.
Well, he right about the lackluster Republican candidate but if he thinks this about McCain, he needs a good hard look at his two candidates..
everything else he said is pure diarrhea of the mouth..
To bad that those ‘Obscene Profits’ from his books couldn’t be ‘redistributed’ against his wishes..
Just so he could get a taste for what he is calling for against Oil and Pharmaceutical companies..
Thomas,
Please direct me to the questions that have been posed to me and I will be happy to answer them.
…and we’re still awaiting Shrillary & Slick Willie’s tax return.
Huh? They gave $77,000.
Dagney T, Lets not forget the list of the Donors to Bill’s Presidential Trailer park down in Ark. If the Hsu Fits, they have to wear it.
Hey TheOtherSide, if you are so concerned about people who bash political candidates, then why don’t you go to democrat blogs and pester them to stop bashing republicans.
I’d like to see that.
You might like it so much, that you’ll stay there all day long.
DaveC;
Dave, it must absolutely suck to be a Democrat today; they have a pathological liar and a closet America-hater to choose from! It’s going to be a very long and bloody path to their convention. I wouldn’t be surprised to see Gore come in and save the day by heading their ticket. At the rate they’re going, if Shrillary takes the super-delegates there will be riots in the streets of Denver.
John, when they finally do release it, I want our resident “brain-dead CPA” to translate all of the tricks they used.
Dagney T, I agree. the Resident “brain-dead CPA” knows this stuff more than me. I’m guessing they funneled the fishy stuff through Chelsea and they won’t release her returns.
I wonder if the reverend would like to have a talk with them regarding tithing?
I find it horribly ironic that the rank and file Democrats talk about Republican’s and Big business like they’re Bacon and Eggs, when the top 4 wealthiest Congressmen in the United States are Democrats. They must have earned their money the old fashioned way, through bribery and corruption, vs. on the backs of the common man.
All based on 2006 numbers. Check it here.
and Obama’s election campaign cost per day is what? a mere million?
those poor folks have that kind of money?
Oh, those same folks will probably pay his taxes for him….bless his little heartless.
I have a feeling it may be the same advisor they used for their house hunt.
The pastor said that Obama was not privileged. He also said that he knows why so many people are “hating on” Obama.
As a typical white person, I’m envious of the Obamas’ income.
If so many people are “hating on” Obama, why, until this appalling lack of judgment on his part, was he being voted for by white states as well as black states?
It’s all in how you want to continue the hatred I suppose.
Wow, wish I was as poor as the Obama Family.
One look at that tax return, and all I could think was the MAN was holding the brother down.
“Do as I say, not as I do. Yada yada yada….
BO’s tax returns show donation(s) to CAIR, the friendly to terrorists group. With all the anti-Israel talk from BO’s pastor and BO’s foreign defense guy in Oregon (General something), I can see why he would give big $ to CAIR. Also wonder if BO got some anti-Israel/anti-jewish indoctrination in the muslim schools he attended. Based on what I see is currently taught in such schools, I can only assume, YES. He is surrounded by way too many anti-Israel/anti-jewish persons. I can only assume he feels the same.
Try again. He didn’t donate to CAIR. He donated to CARE. Big, big difference.
He is still way too anti-Israel and anti-Jew. If that is the case, then I have NO PROBLEM to admit my error, but BO is still too tainted: he stilll has his so called “general” spewing anti-Israel comments and his pastor does the same. Check out the recent Oregon interview of his token general. I don’t like McCain, but if the dems pick BO to run, McCain has won. Most American don’t trust BO even if the dems are crazy enough to nominate him. He is surrounded by too many bad people: REzco, his pastor and spiritual mentor who he consults about political decisions, this general, and even an actual terrorist. He is unelectable. Unless something crazy happens, McCain is our new president and I am not crazy about him at all. I think the dems painted themselves into a corner with this one.
There’s no “if” about it: he did not donate to CAIR. Take a look at the return.
What statements has Obama made that suggests he’s anti-Jew or anti-Israel. Statements from his mouth, not from his minions. If we’re going to base it on minions, John McCain is anti-Catholic.
I think McCain and his supporters need to thank Rush, whom they have villified. He started operation chaos and it is working to 1. keep the dems fighting each other and expose their lies and weaknesses and 2. divide the dem party. If the dems nominate Hill, which is very unlikely, african americans will not vote for her. BO will not be her VP because he knows that will ruin his future chances of being president. If they nominate BO, he is done too. Here comes Pres Mccaine, with Rush’s help.
Mookie, get over it. MCcain is our new President. When I have a bit more time, I can get you the comments of BO’s surrogates. Or watch HAnnity and Colmes tonight for a taste. This was recent stuff, but the media won’t cover it.
Get over what? I’m not voting for Obama. And I’m not looking for comments from Obama’s surrogates. I want to know what anti-semitic or anti-Israel comments have come out of Obama’s mouth and his mouth only.
Mookie, This is the wrong blog to go looking for facts!
I’m tired of all this surrogate nonsense. This one said this, this one said that. This one apologizes, this one gets fired. Enough already. Every candidate has people in their circle that are questionable. But we’re not electing those people. We’re not electing Wright or Hagee or Ferraro. It’s such a waste of time.
Mookie, Couldn’t agree more…I’m more interested in the candidates stance on issues and their ability to get something accomplished…but blogs like this are not the place for serious discussions. This is where we just make silly stuff up and whine!
God damn
AmericaTampa!I was looking forward to learning how whitey sneaks hangover-inducing drugs into malt liquor, pokes holes in condoms sold in inner city drugstores and disables black-owned alarm clocks.
Michelle, you need to research his books. I heard excerpts today that are rather revealing, if not shocking about his marxist bent. The public needs to know.
No, I’m not a 6 figure AGI.
As an aside. I got my refund check today!!
At least, Obama’s income is from domestic sources, unless he gets book royalties from a foreign publisher. When the Clintons release their returns, I’d like to know how much of Bill’s speaking fees came from the Persian Gulf.
Then sod off and get back to the PuffingtonHost.
Boy, are you one smart dude! I must make you happy to know that after the election is over, ALL these surrogates will suddenly, “POOF“, and whoever is President will draw upon their own vast storehouse of knowledge and experience to protect, and propel this nation in the right direction!
No, we’re electing the people who hire them, and use them for advice on running the country, and in the case of the Democrats of recent history (the Clintons), managing personal and political blunders. So, Mookie, for you it is a waste of time…yeah, out of sight, out of mind. Brilliant!
Then why are y’all here in the first place?
Yeah, but what’s that old saying? “You’re judged by the company you keep?”
Or something to that tune…
Based on that, we can now assume that John McCain is anti-Catholic, anti-semitic, believes that 9/11 was God’s punishment for various offenses committed by the United States, that homosexuals should be punished by death, that the Illuminati is running the country and on the days the Illuminati takes off, the Trilateral Commission fills in, that Jews brought the Holocaust on themselves, etc.
Sounds ridiculous, doesn’t it? And yet, all of those things are believed by people in McCain’s inner circle, including advisers and people whom he sought endorsements from. But as far as we know, McCain does not support any of those positions so what difference does it make?
So what was your point in even bringing it up? Vote your conscience…or if a liberal, what you hope will make you feel good.
i’m not a democrat.. i’m a conservative first who will be reaching for the TUMS and noseplugs come time to vote for McCain..
TheOtherSide was spewing something about Republican policies…
what I said was in reply to that..
Crap,,, forgot to link that..
Dagney.. that was your reply
My point was in response to RealImmigrantChick’s post about the people that Obama surrounds himself with. McCain has some shady people, as does Hillary. But it’s getting to the point where we’re hearing more about their surrogates and less about the actual candidates and I think that’s dangerous.
Man, oh man! Where do I get some of that “oppression?” Oh yeah: any job where “women and minorities are encouraged to apply.” Being a “typical white guy” just doesn’t pay anymore! Are you listening, “reverend” Wright?
I thought it was the Republican Party where all the money wuz at! (Ouch! Dangling participles hurt!).
How is that Rezko trial going, by the way?
I agree! Let Obama and Hillary shoot themselves in the foot more often! Hillary’s Kerrylike snipers were “seared into her memory,” and Mr. “I am above the racism fray” Obama had to address race directly because of his 20+ year association with a prominent and published racist advisor (not minion though, Mookie. The definition of minion is “An obsequious follower or dependent; a sycophant. A subordinate official, especially a servile one.” Similarly, “surrogate” would nullify your argument, as the definition is “to put in the place of another: a: to appoint as successor, deputy, or substitute for oneself b: a substitute.” Both courtesy of Mirriam Webster online dictionary.)
Advisor would be most accurate, as one could choose to ignore advice, even after 20 years of association with such an individual.
I agree that the candidates themselves should be the messengers of their intentions. Too bad for the Dems that their messengers make the clearly flawed McCain look so good by comparison.
Wright isn’t so much as an advisor as he is a mentor to Obama. That’s the scary part. Blacks have had an opportunity to finally have someone in the WH; unfortunately, Obama is not that “someone”. In 1947, Jackie Robinson broke the “color” barrier in baseball. He was Rookie of the Year, with an average of .297 and endured a lot of “hate” from people. Yet, he established that blacks could play baseball, and through his outstanding character and ability, blacks in sports is normal. Obama is no Robinson. I’m afraid that if he does win the WH, it will be a serious setback to blacks in politics. He simply does not have the character or experience to be President. There are much better black politicians out there who would be better. It’s a shame they don’t run. It’s a shame the black communities won’t support them. They “want their cake and eat it too”. They’ll probably lose both.
Yeah, capitalism worked for the Obummers when it was convenient. Now that Obummer is running for Prez, we should all rest assured he’ll go after those big, bad corporations… don’t look now some of those same corporations’ lobbyists just gave him some campaign dough. Doh!
Even though I suffer from “White Greed,” (Because I am a “Typical White,” person). I still was only able to amass a fraction of what Obama paid in taxes in 2006.
This whole, “White Greed,” thing isn’t working out to well for me!!!

A $40,000 return, hmmm. I owe the firking DFL vampires in MN $318 this year and I didn’t make over $30,000. Does Hussein live in a no income tax state, I wonder?
TEEEEEEJ
I don’t need a league of democrat Protestant reverends trying to be MLK to tell me what being poor is like. I grew up across the lake from an Indian Reservation in a trailer house, so I know all about that.