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Obama's income fell to $436,000, lowest of his presidency

Obama's income fell to $436,000, lowest of his presidency

President Barack Obama's income fell to just over $436,000 in 2015, the lowest of his presidency, and he and First Lady Michelle Obama paid nearly $81,500 in taxes, according to tax returns the White House released on Friday.

The president's more modest adjusted gross income reflected book sales that have continued to fall off in the years since he last published in 2006. The first family paid an effective tax rate of 18.7%.

The Obamas also reported donating $64,000 to charity, or about 15% of their income. Their largest charitable donation, $9,000, went to the Fisher House Foundation, which assists wounded military members and their families.

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