How Much Did President Obama Get Back in Taxes in 2016?
If you had to take a guess, how much do you think the President of the United States got back in his federal tax return this year? How much does the President make as a salary?
President Obama and his wife Michelle together made an adjusted gross income of $436,065, nearly 9 percent less than the year before. How much in taxes does the President pay? For that income, their “Form 1040” shows they paid $81,472 in federal taxes for 2016 which means they will get $22,859 and an effective tax rate of just 18.8 percent, according to RT over the weekend.
In 2014 their tax rate was nearly 20%.