The Obamas paid $98,169 in federal taxes, including $2,310 imposed by the 2010 Affordable Care Act that he signed. That’s an effective income tax rate of 20.4 percent.
“In 2013, as a result of his policies, the president was subject to limitations in tax preferences, as well as additional Medicare and investment income taxes, for high-income earners,” Press Secretary Jay Carney said in a blog post on the White House website.
The Obamas aren’t affected by the higher marginal tax rates that took effect in 2013, because their taxable income is less than $450,000. He proposed a $250,000 threshold for higher rates before compromising with Republicans.
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