- The Washington Times - Wednesday, April 16, 2008

PHILADELPHIA (AP) — Democratic Sen. Barack Obama and his wife, Michelle, made $4.2 million last year as widespread interest in the presidential candidate pushed the sales of his two books.

In tax returns the campaign released today, the Obamas reported a significant jump in their income from the previous year as profits from the books “Dreams From My Father” and “The Audacity of Hope” accounted for some $4 million. The Obamas paid federal taxes of $1.4 million and donated $240,370 to charity.

Their salaried income was $260,735.

In 2006, Obama and his wife reported income of $991,296. The sum included Obama’s Senate salary of $157,082 and his wife’s earnings of $273,618 from her position as an administrator at the University of Chicago Hospitals. Michelle Obama also earned $51,200 in director’s fees from TreeHouse Inc., a food distributor.

They paid $277,431 in federal taxes — an overpayment of $40,856, which they designated for estimated tax payments this year.

Among the charitable donations in 2007 was $26,270 to Trinity United Church of Christ, where the incendiary sermons of Obama’s former pastor have created problems for the candidate. The Obamas’ largest charitable donation was $50,000 to the United Negro College Fund. They also gave $35,000 to CARE.

The campaign released the returns just hours before a candidate debate with rival Sen. Hillary Rodham Clinton.


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