Wednesday, April 16, 2008

Obamas Earned $4.2 million in '07

Barack Obama and his wife, Michelle, reported earning $4.2 million in 2007:

In tax returns the campaign released Wednesday, 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, which included his $157,102 salary as a U.S. senator and hers of $103,633 as vice president of community and external affairs at the University of Chicago Medical Center.

For part of 2007, Michelle Obama collected a salary for serving on the board of Westchester, Ill.-based TreeHouse Foods Inc., which produces pickles, nondairy powdered creamer and other products. She resigned in May after two years on the board.

The position had generated some complaints because TreeHouse is a supplier to Wal-Mart, and Barack Obama has criticized some of Wal-Mart's policies and treatment of employees.

The Obamas reported $29,443 from Treehouse Foods.
$4.2 million is one heck of an increase from the $991,296 the Obamas made in 2006. Running for President must be more lucrative than I thought. But its not as good a deal as being a former president and first lady.

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