The White House just posted President Barack Obama's his 2011 federal income tax returns online.
According to the returns, Obama and the First Lady earned $789,674 last year. About half of that — $394,821 — comes from the President's salary, and the other half — $441,369 — is from Obama's book sales.
The returns show that the Obamas paid $162,074 in federal income tax, as well as $31,941 in Illinois state income tax.
The returns also reveal that the First Family donated a whopping 20.5% of their income to charity. The biggest contribution — $117,130 — went to the Fisher House Foundation, which provides assistance to the families of wounded service men and women. According to the White House blog, the President is donating after-tax proceeds from his children's book to the Fisher House scholarship fund for the children of fallen and disabled veterans.
Obama also donated the entire $1M he received for being awarded the 2009 Noble Peace Prize to various USA charities.