Here Are the 5 Most Interesting Things in Obama’s & Biden’s Tax Returns

TheBlaze.com

Becket Adams

The White House on Friday released President Barack Obama and Vice President Joe Biden’s tax returns.

“Today, the President released his 2012 federal income tax returns,” White House press secretary Jay Carney wrote in a blog post on the White House website. “He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $608,611. The Obamas paid $112,214 in total tax.”

“The President and First Lady also reported donating $150,034 – or about 24.6 percent of their adjusted gross income – to 33 different charities,” Carney said.

Here are five interesting things we discovered about the Obamas and Bidens via their 2012 federal income tax returns:

5. President Obama’s Income Has Declined

“President Barack Obama made less in 2012 than in any other year since taking office, with about 40 percent of the nearly $609,000 in income that he and first lady Michelle Obama reported coming from book sales,” the Associated Press notes.

4. The Bidens Donated $2,000 Worth of Clothing, Boots, Toys, Pottery, etc. to Goodwill

“A look at the Bidens joint filing reveals that $2,000 of [their $7,190 to charity in 2012] was in the form of ‘donated property’ given to Goodwill in Wilmington, Delaware,” the Weekly Standard notes.

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“[O]n June 25 of last year, the Bidens gave ‘Clothing, Boots, Kitchenware, Glassware’ totaling $400 to Goodwill,” the report notes. “Earlier, on May 16, the Bidens gave ‘Furniture and Exercise Equipment’ valued at $1,100 to the Ministry of Caring. And on May 27 of last year, the Bidens gave ‘Bicycles, Toys, Glasses, Pottery, Kitchenware’ valued at $500 to the same Goodwill.”