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By Michael T. Lahti
President Obama and first lady Michelle Obama paid $93,362 in federal taxes on their adjusted gross income of $477,383 -- for a 19.6 percent federal tax rate -- on their 2014 income tax returns, according an April 10 White House blog post (http://goo.gl/hhLvOb).
Vice President Biden and his wife, Jill, reported an AGI of $388,844 in 2014 and paid $90,506 in federal income tax, for an effective tax rate of 23.3 percent, the White House said.
In their 2013 tax return, the Obamas reported an AGI of $481,098 and paid $98,169 in taxes, for an effective rate of 20.4 percent, while the Bidens paid $96,378 in taxes on $407,009 in AGI, for an effective rate of 23.7 percent.
The President and Mrs. Obama donated $70,712 -- about 14.8 percent of their AGI -- to 33 charities, 31 percent of which went to Fisher House Foundation, a charity for families of wounded American war veterans. The Bidens donated $7,380 -- about 2 percent of their federal AGI -- to charity in 2014, according to their Form 1040.
The Obamas also released their Illinois state tax returns, reportedly paying $22,640 in state income tax. The Bidens paid $13,661 in state income tax to Delaware, while Jill paid $3,777 in Virginia income tax, the White House said.