Does the president pay taxes?


Quick Answer

The President of the United States is required to pay taxes. According to Bloomberg, President Barack Obama and his wife Michelle reported adjusted gross income of $481,098 in 2013 and paid $98,169 in federal taxes.

Continue Reading

Full Answer

In 2013, the Obamas' federal tax obligation included $2,310 imposed by the president's 2010 Affordable Care Act. Vice President Joe Biden and his wife Jill reported adjusted gross income of $407,009 and paid $96,378 in taxes in 2013. The White House typically releases the tax returns of the president and vice president each year. The annual salary of the president of the United States is set by Congress and was increased in 2001 to $400,000 per year, including a $50,000 expense allowance.

Learn more about Branches of Government

Related Questions