Obama books help net couple $2.5m

US President Barack Obama and his wife Michelle took home a combined income of more than US$2.5 (€1.9m) last year, tax return forms showed.

In all, the couple made $2,656,902 dollars (€2,017,254) in 2008 - with the vast majority coming from the sale of the president's best-selling books.

It meant that they were forced to pay $855,323 (£570,867) back to the government in taxes. A further $172,050 (€130,651) was distributed among 37 different charities.

The president's income and tax contribution was declared as anti-tax protesters held a series of tea party demonstrations across the US. Organisers of the events - reputedly stoked by right-wing commentators - are angry at the Obama administration's perceived tax-and-spend policies.

The protests have been designed to echo the 1773 Boston Tea Party in which colonists dumped tea into Boston Harbour under the slogan "No taxation without representation".

They coincide with the last day for Americans to file their tax return forms.

The Obamas' income is made up largely from proceeds from the president's 'Dreams From My Father' and 'The Audacity of Hope'. The two books brought the couple nearly $2.5m (€1.9m) in royalties last year.

The overall take-home pay for the couple has slumped from the previous year, however. In 2007 their combined income was $4.2m (€3.2m).

Vice president Joe Biden and his wife Jill reported a pre-tax income of $269,256 (€204,485).

More in this Section

Four killed as storms hit US statesFour killed as storms hit US states

New disturbances in Chile as queues for food build upNew disturbances in Chile as queues for food build up

Johnson bids to fast-track Brexit bill through Commons in three daysJohnson bids to fast-track Brexit bill through Commons in three days

Israeli PM Netanyahu gives up on forming new coalitionIsraeli PM Netanyahu gives up on forming new coalition


Carol O’Callaghan continues her round-up of home interior shops in country towns and the outer reaches of our cities, finding more treasure troves which offer something new and a touch of exclusivityMade in Munster: The best interior shops in country towns

When the Irish Examiner broke the news that an ultra-inquisitive deer photobombed newlyweds at Killarney’s Ladies View the story went viral.Wedding of the Week: Time for Australian celebrations for bride and groom photobombed by deer

At the start of the 10th and final episode of Confronting: OJ Simpson, a series which has been downloaded over five million times since launching in June, host Kim Goldman is in tears, talking to her father about how strong he was through the murder of her brother, his son,Ron Goldman.Podcast Corner: Host relives brother’s death in famous case

Thomas McCarthy pays tribute to his late friend — poet and journalist Seán Dunne'Seán Dunne was one of the most loved people I ever knew'

More From The Irish Examiner