President Obama Releases 2011 Tax Return

President Obama Releases 2011 Tax Return

April 13, 2012 Updated Apr 13, 2012 at 1:22 PM CST

According to The White House blog, President Barack Obama on Friday released his 2011 federal income and gift tax returns.

In a joint return, Obama and First Lady Michelle Obama reported an adjusted gross income of $789,674. They paid $162,072 in total taxes for an effective federal income tax rate of 20.5 percent, according to The White House blog.

The Obamas also reported donating a total of $172,130 to 39 different charities, according to the blog.

Read the story posted on The White House Blog HERE.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.