Obamas' 20.5% Tax Rate Is Lower Than His Secretary's
Friday, 13 Apr 2012 04:43 PM
About half of Obama’s income is from his salary as president and the other half is from book sales, the White House noted in releasing the president’s 2011 tax returns. The first family’s 2011 earnings were sharply below the $1.7 million they made in 2010, due to declining royalties. Obama’s salary as president is $400,000 a year.
Obama, meanwhile, paid a lower tax rate than his secretary, who made less than $100,000, the White House confirmed to Fox News on Friday.
White House aides would not reveal Anita Breckenridge’s tax rate, but said it was higher than the Obamas' rate, Fox News reported. Breckenridge earned $95,000 last year.