Here is the Obama’s Tax Returns (in short form) for the last seven years from TaxProf via Instapundit. These are the numbers from the joint filing of Michelle and Barack Obama. Tax Prof noted that the Obama’s didn’t give nearly 10% of their income to Trinity United Methodist Church, or at least they didn’t list it. It is also worth noting that Michelle Obama had a big increase in her salary after her husband Barack was elected to the Senate, and that Barack had a substantial income from his books over the last two years. Barack Obama is now urging Senator Hillary Clinton to show her tax returns.
Barack and Michelle Obama earned close to $1 million in 2006, paid more than $318,000 in taxes and got a $40,000 refund, according to the couple’s tax return released by the Democratic presidential candidate’s campaign on Tuesday.
The Obamas owed the government $277,000 after itemized deductions, which included $60,449 in mortgage interest and $60,307 in charitable contributions.
The Obamas are on vacation in the U.S. Virgin Islands, returning to the mainland on Wednesday. In issuing the returns from 2000-2006, the campaign on Tuesday laid down the gauntlet for Clinton, who said Tuesday she will likely release her records within the next week. The Pennsylvania primary is on April 22.
“I am pleased that Senator Obama has released his tax returns. I think that’s a good first step. Now he should release his records from being in the state senate and any other information that the public and the press need to know from his prior experience, because I think that, you know, we should continue to make available the information that we have,” she said in a press conference.
Obama’s campaign called any effort to demand more from the Illinois senator audacious.
“Senator Clinton can’t claim to be vetted until she allows the public the opportunity to see her finances—particularly with respect to any investment in tax shelters,” Obama Communications Director Robert Gibbs said in a statement.
http://politicalkudzu.com/2008/03/25/obama-tax-returns/
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