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originally posted by: queenofswords
According to a Public Financial Disclosure Report, Obama has less than $1,001 in Savings. However, he has saved between $200,000 and $400,000 in four college savings accounts. Last year, three of his four books earned royalties from $15,000 to $50,000. The fourth book earned less than $201 in royalties.
Now, the reason I am posting this is because in Jan. 2017, he and Michelle are set to kick off in full swing their foundation, the Barack Obama Foundation.
Just as Hillary claims she and ole Bill were "dead broke" when they left the White House, yet today are worth gazillions (we all know well how much money her influence brought in to their family foundation), I predict the same for the Obamas.
He wants to get back into "community organizing". I predict this will become a huge cash cow in government grant money for them.
Financial Disclosure
originally posted by: intrepid
Maybe all his capital is in the Clinton Foundation.
The Associated Press calculates that Barack and Michelle Obama's assets in 2014 ranged between $1.9 million and $6.9 million. Their biggest investment was in Treasury notes. Other investments are about as conservative. There's nothing more exciting — or potentially conflict-of-interest material — than an index fund. The Obamas have pre-paid 529 college accounts for daughters Sasha and Malia. Their Chicago home has a 30-year, 5.625-percent mortage, valued between $500,001 and $1 million.
Posted Apr. 12, 2015 at 12:01 AM Washington, D.C.
President Barack Obama and his wife, Michelle, paid more than $93,000 in federal taxes last year on an adjusted gross income of more than $477,000, according to tax returns released Friday by the White House.
Their effective tax rate was 19.6 percent, the returns show.
The Obamas lowered their 2014 tax bill by claiming nearly $160,000 in itemized deductions, including $70,712 in charitable donations to 33 different charities. Altogether, they donated nearly 15 percent of their income.
The largest was a $22,012 donation to the Fisher House Foundation, which supports military families. They also donated $5,000 to Sidwell Friends School, the exclusive private school where daughters Malia and Sasha are enrolled.
The 38-page document, which includes the couple's Illinois state income tax return, shows the president made nearly $395,000 in wages. The couple also reported making $94,889 from the sale of Obama's best-selling books. That's down from more than $116,000 the year before.
Obama received $51,167 from Random House and $43,722 from Dystel & Goderich Literary Management.
The White House released the Obamas' tax returns ahead of the filing deadline Wednesday.
He wants to get back into "community organizing". I predict this will become a huge cash cow in government grant money for them.
The Department of Justice announced it will send millions of dollars to various community-activist groups to combat urban crime and reduce tensions between racial minorities and the police.