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Obamas pay $98,169 in taxes on income of $481,098 – Business – The Boston Globe

Obamas pay $98,169 in taxes on income of $481,098 – Business – The Boston Globe.

Not bad…President and Mrs. Obama had an effective federal income tax rate of 20.4%….the reason….they donated $59,251 to 32 charities!! Donating 12.3% of your Adjusted Gross Income definitely reduces your income tax bill to Uncle Sam.

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