Obama Releases Tax Return: Earned $4.2 Million

Barack Obama released his tax return today. He earned $4.2 million. In tax returns the campaign released Wednesday, the Obamas reported a significant jump in their income from the previous year as profits from the books "Dreams From My Father" and "The Audacity of Hope" accounted for some $4 million. The Obamas paid federal taxes of $1.4 million and donated $240,370 to charity. Their salaried income was $260,735, which include his $157,102 salary as a U.S. senator and hers of $103,633 as vic