President Obama's Income falls, but is still a millionaire
YESTERDAY was the last date for filing Income Tax returns in the US and yesterday itself, the White House released President Obama's tax return. The Obamas had an income if 1.73 million dollars in 2010, compared to 5.5 million dollars in 2009. Their income is mostly from sale of the President's books. The Obamas paid a total of USD 454,00 in federal taxes andUSD 52,000 in Illinois state taxes. The President and his wife donated a total of 245,000 dollars for charity.
Maybe we should make it mandatory for our babus and netas to make their IT returns public.