Obama Earned $477,000 in 2014 as Income Continues to Lower

[Dos Equis]

Who the heck is still buying his book?? 

And he made overseas income?  I ordinarily wouldn't care, but that sure makes him look like a hypocrite. 

Obama Earned $477,000 in 2014 as Income Continues to Lower
Friday, 10 Apr 2015

President Barack Obama and his wife Michelle earned a gross income of $477,383 in 2014, according to the couple's tax returns, released by the White House on Friday.

Their income is down from $503,183 in 2013 and $662,076 in 2012.

Obama's annual presidential salary is $400,000 and much of his outside income has been attributed to sales of his biographies, which may be declining.

The Obamas reported $43,722 in income from overseas.

The White House did not immediately respond to questions on the source of the overseas income.

The Obamas paid $93,362 in total tax, paying a federal income tax rate of 19.6 percent.

In donations to charity, the Obamas gave $70,712 to 33 different groups. The largest donation was $22,012 to Fisher House Foundation, which provides housing to military families while a loved one is receiving treatment.

Vice President Joe Biden and his wife Jill, a community college professor, also released their tax returns on Friday, reporting a combined income of $388,844.

http://www.newsmax.com/Newsfront/obama-earnings-income-goes/2015/04/10/id/637807/#ixzz3WxtlDUg8

[Straw Man]

Who the heck is still buying his book??  

And he made overseas income?  I ordinarily wouldn't care, but that sure makes him look like a hypocrite.  

Obama Earned $477,000 in 2014 as Income Continues to Lower
Friday, 10 Apr 2015

President Barack Obama and his wife Michelle earned a gross income of $477,383 in 2014, according to the couple's tax returns, released by the White House on Friday.

Their income is down from $503,183 in 2013 and $662,076 in 2012.

Obama's annual presidential salary is $400,000 and much of his outside income has been attributed to sales of his biographies, which may be declining.

The Obamas reported $43,722 in income from overseas.

The White House did not immediately respond to questions on the source of the overseas income.

The Obamas paid $93,362 in total tax, paying a federal income tax rate of 19.6 percent.

In donations to charity, the Obamas gave $70,712 to 33 different groups. The largest donation was $22,012 to Fisher House Foundation, which provides housing to military families while a loved one is receiving treatment.

Vice President Joe Biden and his wife Jill, a community college professor, also released their tax returns on Friday, reporting a combined income of $388,844.

http://www.newsmax.com/Newsfront/obama-earnings-income-goes/2015/04/10/id/637807/#ixzz3WxtlDUg8

why would you think that makes him a hypocrite if he paid taxes on it

has he stated he is against anyone merely making income overseas ?

[Primemuscle]

Who the heck is still buying his book??  

And he made overseas income?  I ordinarily wouldn't care, but that sure makes him look like a hypocrite.  

Obama Earned $477,000 in 2014 as Income Continues to Lower
Friday, 10 Apr 2015

President Barack Obama and his wife Michelle earned a gross income of $477,383 in 2014, according to the couple's tax returns, released by the White House on Friday.

Their income is down from $503,183 in 2013 and $662,076 in 2012.

Obama's annual presidential salary is $400,000 and much of his outside income has been attributed to sales of his biographies, which may be declining.

The Obamas reported $43,722 in income from overseas.

The White House did not immediately respond to questions on the source of the overseas income.

The Obamas paid $93,362 in total tax, paying a federal income tax rate of 19.6 percent.

In donations to charity, the Obamas gave $70,712 to 33 different groups. The largest donation was $22,012 to Fisher House Foundation, which provides housing to military families while a loved one is receiving treatment.

Vice President Joe Biden and his wife Jill, a community college professor, also released their tax returns on Friday, reporting a combined income of $388,844.

http://www.newsmax.com/Newsfront/obama-earnings-income-goes/2015/04/10/id/637807/#ixzz3WxtlDUg8

I assume you understand what you posted says that it is Obama's income which has gone down over the last three years.

[Vince G, CSN MFT]

Who the heck is still buying his book?? 

And he made overseas income?  I ordinarily wouldn't care, but that sure makes him look like a hypocrite. 

Obama Earned $477,000 in 2014 as Income Continues to Lower
Friday, 10 Apr 2015

President Barack Obama and his wife Michelle earned a gross income of $477,383 in 2014, according to the couple's tax returns, released by the White House on Friday.

Their income is down from $503,183 in 2013 and $662,076 in 2012.

Obama's annual presidential salary is $400,000 and much of his outside income has been attributed to sales of his biographies, which may be declining.

The Obamas reported $43,722 in income from overseas.

The White House did not immediately respond to questions on the source of the overseas income.

The Obamas paid $93,362 in total tax, paying a federal income tax rate of 19.6 percent.

In donations to charity, the Obamas gave $70,712 to 33 different groups. The largest donation was $22,012 to Fisher House Foundation, which provides housing to military families while a loved one is receiving treatment.

Vice President Joe Biden and his wife Jill, a community college professor, also released their tax returns on Friday, reporting a combined income of $388,844.

http://www.newsmax.com/Newsfront/obama-earnings-income-goes/2015/04/10/id/637807/#ixzz3WxtlDUg8

Doesn't matter.  Once he's out of office, he'll do like other presidents and do speaking engagements.  He'll have over 100 million dollars in 6 months of leaving office

[James28]

Doesn't matter.  Once he's out of office, he'll do like other presidents and do speaking engagements.  He'll have over 100 million dollars in 6 months of leaving office

And you'll still be a dirt poor negro on to his next get-rich-quick scheme.

[240 is Back]

Six months out of office, obama will be broke, divorced, and living off chooms.

33/33/86 Never Forget.

[avxo]

Who the heck is still buying his book??

$43,722, and assuming an average of $5 per book, works out to about 10,000 books worldwide in a year, or about one person out of seven thousand in the entire world. While the figure is certainly not unrealistic for someone like Obama, I find myself asking the same question: who would actually buy his books?

And he made overseas income?  I ordinarily wouldn't care, but that sure makes him look like a hypocrite.

I'm curious to know why you think that.

[Straw Man]

$477,000, and assuming an average of $5 per book, works out to about 100,000 books worldwide in a year, or about 0.0014% of people currently living. While the figure is certainly not unrealistic for someone like Obama, I find myself asking the same question: who would actually buy his books?

I'm curious to know why you think that.

The 477k is their AGI which includes his salary as POTUS

Schedule C is the book revenue

https://www.whitehouse.gov/sites/default/files/docs/20150410093348711.pdf

[avxo]

The 477k is their AGI which includes his salary as POTUS

Schedule C is the book revenue

https://www.whitehouse.gov/sites/default/files/docs/20150410093348711.pdf

Ooops, I meant to do my calculations using the overseas income. Thanks for catching that. I'll update my original post.

[Primemuscle]

Six months out of office, obama will be broke, divorced, and living off chooms.

33/33/86 Never Forget.

Time will tell.

[Primemuscle]

$400,000 is a paltry sum to earn for the unpopular job of being the U.S. President. Clearly, none of the folk bidding for this position are in it for the money. CEO's of major corporations are paid millions of dollars a year. Heck some school Superintendents make over $200,000. The median income for public-university presidents in the 2007-08 academic year was $427,400.

[Straw Man]

Given Bums penchant for bumping his favorite threads over and over again, what are the odds he will show back up in this thread that he started and explain why he believes Obama is a hypocrite for paying taxes on income earned overseas

maybe this is a two part story and Newsmax will tell him today why he is supposed to be mad about this.

Who the heck is still buying his book??  

And he made overseas income?  I ordinarily wouldn't care, but that sure makes him look like a hypocrite.

http://www.newsmax.com/Newsfront/obama-earnings-income-goes/2015/04/10/id/637807/#ixzz3WxtlDUg8

[blacken700]

Given Bums penchant for bumping his favorite threads over and over again, what are the odds he will show back up in this thread that he started and explain why he believes Obama is a hypocrite for paying taxes on income earned overseas

maybe this is a two part story and Newsmax will tell him today why he is supposed to be mad about this.

LOL

[Dos Equis]

I assume you understand what you posted says that it is Obama's income which has gone down over the last three years.

Ok?  And?

[Dos Equis]

Doesn't matter.  Once he's out of office, he'll do like other presidents and do speaking engagements.  He'll have over 100 million dollars in 6 months of leaving office

Yes it matters. 

And yes he will make bank when he leaves office. 

[Dos Equis]

$43,722, and assuming an average of $5 per book, works out to about 10,000 books worldwide in a year, or about one person out of seven thousand in the entire world. While the figure is certainly not unrealistic for someone like Obama, I find myself asking the same question: who would actually buy his books?

I'm curious to know why you think that.

Because his campaign criticized Romney for making overseas income. 

[Dos Equis]

$400,000 is a paltry sum to earn for the unpopular job of being the U.S. President. Clearly, none of the folk bidding for this position are in it for the money. CEO's of major corporations are paid millions of dollars a year. Heck some school Superintendents make over $200,000. The median income for public-university presidents in the 2007-08 academic year was $427,400.

Paltry?  Unpopular job?  Dude.  He's in the top 1 percent income wise.  His approval ratings are deservedly low, but he is the most powerful person on earth (next to Oprah). 

He doesn't just earn a good salary that he never has to spend.  He has a chef, driver, pilots, planes, helicopters, secret service, can vacation anywhere in the world, and has the ultimate golden parachute when he leaves office.  Not a bad gig at all.

[Straw Man]

Because his campaign criticized Romney for making overseas income. 

not for "making income overseas"

for parking money in overseas tax havens/shelters....i.e. not paying taxes

[Straw Man]

Paltry?  Unpopular job?  Dude.  He's in the top 1 percent income wise.  His approval ratings are deservedly low, but he is the most powerful person on earth (next to Oprah). 

He doesn't just earn a good salary that he never has to spend.  He has a chef, driver, pilots, planes, helicopters, secret service, can vacation anywhere in the world, and has the ultimate golden parachute when he leaves office.  Not a bad gig at all.

in the world of wealthy people 400k is lunch money

even compared to the wealthiest people in Congress it's a joke

the rest of your post is just nonsense

he's the POTUS and has all the same perks as every other POTUS

[blacken700]

[Primemuscle]

Paltry?  Unpopular job?  Dude.  He's in the top 1 percent income wise.  His approval ratings are deservedly low, but he is the most powerful person on earth (next to Oprah). 

He doesn't just earn a good salary that he never has to spend.  He has a chef, driver, pilots, planes, helicopters, secret service, can vacation anywhere in the world, and has the ultimate golden parachute when he leaves office.  Not a bad gig at all.

To be in the top 1% in Obama's age group in 2010, he would have had to earn well over $1,000,000.  http://www.theatlantic.com/business/archive/2014/10/the-top-1-percentand-01-percentof-every-age-group-in-america/382094/

[Dos Equis]

To be in the top 1% in Obama's age group in 2010, he would have had to earn well over $1,000,000.  http://www.theatlantic.com/business/archive/2014/10/the-top-1-percentand-01-percentof-every-age-group-in-america/382094/

I am admittedly math challenged, but I don't think that's what the chart you posted shows. 

[Primemuscle]

I am admittedly math challenged, but I don't think that's what the chart you posted shows. 

There are three charts. It is the third chart that shows this information.

"Marketing firms and investment houses classify those with household incomes exceeding $75,000 as mass affluent, while the upper class is most commonly defined as the top 1% with household incomes commonly exceeding $525,000 annually, as of 2013." http://en.wikipedia.org/wiki/Affluence_in_the_United_States

It interesting to read that our household income exceeds the starting level for being "mass affluent" by a fair amount. When I do our taxes each year, I am always surprised at how much money we made in the previous year. I sure don't feel that affluent. 

[Option D]

not for "making income overseas"

for parking money in overseas tax havens/shelters....i.e. not paying taxes

simply amazing... and extreme telling

[Dos Equis]

There are three charts. It is the third chart that shows this information.

"Marketing firms and investment houses classify those with household incomes exceeding $75,000 as mass affluent, while the upper class is most commonly defined as the top 1% with household incomes commonly exceeding $525,000 annually, as of 2013." http://en.wikipedia.org/wiki/Affluence_in_the_United_States

It interesting to read that our household income exceeds the starting level for being "mass affluent" by a fair amount. When I do our taxes each year, I am always surprised at how much money we made in the previous year. I sure don't feel that affluent. 

The third chart is .01 percent, not 1 percent.