Obama and Biden Release Tax Returns

President Obama and Vice-President Biden today released their 2009 tax returns:

Obama:

Press Release
Tax Returns (Federal Forms 1040, 709; Illinois Form 1040)
Returns Relating to Nobel Prize

Biden:

Press Release
Tax Returns (Federal Form 1040; Delaware Form 200-01)

Here are charts putting the 2009 returns in context with their earlier returns:

Obama:

Year

AGI

Tax

Charitable Gifts

Gifts/AGI

2009

$5,505,409

$1,792,414

$329,100

6.0%

2008

$2,656,902

$855,323

$172,050

6.5%

2007

$4,139,965

$1,396,772

$240,370

5.8%

2006

$983,826

$277,481

$60,307

6.1%

2005

$1,655,106

$545,614

$77,315

4.7%

2004

$207,647

$40,426

$2,500

1.2%

2003

$238,327

$51,856

$3,400

1.4%

2002

$259,394

$68,958

$1,050

0.4%

2001

$272,759

$86,072

$1,470

0.5%

2000

$240,505

$63,732

$2,350

1.0%

Biden:

Year

AGI

Tax

Charitable Gifts

Gifts/AGI

2009

$333,182

$71,147

$4,820

1.45%

2008

$269,256

$47,464

$1,885

0.70%

2007

$319,853

$66,273

$995

0.31%

2006

$248,859

$42,832

$380

0.15%

2005

$321,379

$70,473

$380

0.12%

2004

$234,271

$41,845

$380

0.16%

2003

$231,375

$38,393

$260

0.11%

2002

$227,811

$41,756

$260

0.11%

2001

$220,712

$40,728

$360

0.16%

2000

$219,953

$42,313

$360

0.16%

1999

$210,797

$40,309

$120

0.06%

1998

$215,432

$35,131

$195

0.09%

Press and blogosphere coverage:

About the Author

Paul Caron

Paul Caron was named Duane and Kelly Roberts Dean of Pepperdine University School of Law on June 1, 2017. Dean Caron joined the Pepperdine faculty in 2013 after serving as the Dorothy and Leonard Straus Distinguished Visiting Professor of Law in the spring semesters of 2010 through 2013. He served as Associate Dean for Research and Faculty Development at Pepperdine in 2015-2017. Before coming to Pepperdine, he was Associate Dean of Faculty and Charles Hartsock Professor of Law at the University of Cincinnati College of Law.

6 responses to “Obama and Biden Release Tax Returns”

mike livingston

April 15, 2010

Well there’s not much question who’s more generous now is there?

Woody

April 16, 2010

As Biden would say, charitable giving by Obama and him, especially at times when they thought no one would look, is a BFD.

WD Kebschull

April 17, 2010

The Obamas and the Bidens should have gotten second opinions on their tax returns. Their preparers cost them money!