CHICAGO -- Campaigning for president has been very good for Sen. Barack Obama's pocketbook, with his household income jumping from $991,296 in 2006 to $4.2 million in 2007, tax records show. The Illinois Democrat had a net profit from book sales of $3.9 million, according to a copy of a 2007 tax return released Wednesday by Obama and his wife, Michelle. That total includes $169,706 in foreign income from overseas sales of his two best-selling books.Charity as % of income 5.7%
The Obamas' salaries totaled $260,735, which included his $157,102 salary as a U.S. senator and her part-time salary of $103,633 as a vice president at the University of Chicago Medical Center. The couple paid nearly $1.4 million in federal taxes last year, and made $240,370 in charitable contributions. Their largest gifts were to the United Negro College Fund ($50,000), the international relief organization CARE ($35,000) and Trinity United Church of Christ in Chicago ($26,270).
Charity as % of income 23%
The Bushes reported taxable income of $719,274 for 2007. George and Laura Bush paid a total of $221,635 in federal income taxes. The president's 2007 income included his salary and investment income from the trusts in which his and the first lady's assets are held. The tax return also reports a $150,000 advance received by Mrs. Bush for the children's book she co-authored with her daughter Jenna. Mrs. Bush donated all the net proceeds of the advance to the organizations Teach for America and the New Teacher's Project. The Bushes contributed a total of $165,660 to churches and charitable organizations, including the Crawford Volunteer Fire Department, Susan G.Komen For the Cure, Malaria No More Fund, Martha's Table and St. John's Church.
The vice president's tax returns show that Dick and Lynn Cheney owed federal taxes of $602,651 on taxable income of $2,528,068 for 2007. During the course of the year, the Cheneys paid $466,165 in taxes through withholding and estimated tax payments. They will pay the remaining $136,486 upon the filing of their tax return. The couple donated $166,547 to charity in 2007, bringing their total charitable contributions during Cheney's vice presidency to $7,966,566.
Charity as % of income 6.5%
For a guy that talks about hope and helping people, he sure is one cheap sun'v'a bitch. Even mean old Dick Cheney gave more to charity than the MESSIAH OBAMA. I know, I am a horrible racist person for daring to suggest that the MESSIAH is not the most superest duperest man to have ever walked the earth.