Irak and Barrack Obama in concert the isis obama rates the lyricist junior vybz kartel
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Irak and Barrack Obama in concert the isis obama rates the lyricist junior vybz kartel - Video
President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013.
President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, according to their 2014 tax returns released by the White House on Friday afternoon.
The president's salary accounted for nearly $395,000 of that, while their net business income came to $88,181 from Random House and literary management company Dystel & Goderich. They also earned about $16,000 in taxable interest.
After accounting for $17,400 in tax-deferred retirement savings and a $1,181 deduction for the self-employment payroll taxes they paid, their adjusted gross income came to $477,383, just a little less than they earned the year before.
Related: Top 400 taxpayers' average income jumps to $336 million
So how much of all that went to Uncle Sam? The Obamas' federal income tax bite came to $93,362, or 19.6% of their AGI.
A piece of that tax burden -- $2,035 -- was attributable to the Medicare surtax on high earners that was created to help fund Obamacare.
The Obamas donated $70,712, or about 15% of their AGI, to more than 30 charities.
They also paid $22,640 in income taxes to their home state of Illinois.
CNNMoney (New York) April 10, 2015: 6:33 PM ET
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Obama taxes
After breakthroughs abroad, President Barack Obama is finding stern challenges at home to his foreign policy, facing hard sells to skeptics over U.S. shifts, first on Iran and now Cuba.
Obama returned to Washington early Sunday still basking in the attention from his historic meeting with Cuban President Raul Castro at a summit of Western Hemisphere leaders. But Obama is certain to find a less appreciative crowd in Congress than the one he left behind at the Summit of the Americas in Panama.
To complete a nuclear agreement with Iran, Obama must deal with resistance in Congress and the unpredictability of the Iranian leadership, which has a distinctly different interpretation of what the sides have settled on so far.
Cuba and Iran offer Obama, whose term ends in early 2017, the potential for legacy-crowning achievements. Iran may prove a greater challenge than Cuba, but together they are subjecting Obama's foreign policy to the kind of scrutiny that most international issues, short of war, rarely draw.
Obama made clear in a closing news conference late Saturday in Panama City that he believes he can handle the twin trials. The American public is on his side on Cuba, the president said, and he had tough words for Republicans defying him on Iran.
Both have their roots in decades of grievances. Both have had constituencies in the U.S. deeply mistrustful of the governments with which Obama is dealing. Pro-Israel Americans cannot fathom a deal with an Iran that will not recognize Israel's existence. And for long, Cuban-Americans who escaped Fidel Castro's revolution could not imagine a U.S. government not committed to ousting the Havana government.
On the flip side, Cuba is hardly the threat Iran could be. Public opinion no longer demonizes Cuba. In the end, Obama's efforts to re-establish normal relations looks like the lesser burden.
When it comes to Cuba, "the American people don't need to be persuaded," Obama said.
Still, there are reminders that the barriers have not all fallen.
Castro, in a lengthy speech at the summit, recited a litany of objections to past U.S. policies. And the room where Obama and Castro met displayed no flags, thus declaring the absence of diplomatic relations.
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With Iran and Now Cuba, Obama Breakthroughs Face Hard Sell
FILE - In this April 3, 2015, file photo, President Barack Obama speaks in front of a solar array at Hill Air Force Base, Utah. Obama will complete a rare presidential run though all 50 states when he delivers the commencement address at a South Dakota community college in May. (AP Photo/Carolyn Kaster, File)
WASHINGTON President Barack Obama will complete a rare presidential run though all 50 states when he delivers the commencement address at a South Dakota community college next month.
Amid much speculation over when he'd finally make it to South Dakota, Obama used an interview Monday with KSFY, the ABC-affiliated TV station in Sioux Falls, to break the news himself.
South Dakota is the only state still waiting for Obama to visit -- but only for a few more weeks.
"I can't let my South Dakota friends feel neglected," he told station anchor Nancy Naeve.
Obama will travel to Watertown, in the state's northeastern corner, to deliver the commencement address at Lake Area Technical Institute on May 8.
The White House says Lake Area Tech is one of the nation's top community colleges, recognized for rigorously preparing its students and for having a two-year graduation rate that's more than twice the national average.
Obama has advocated for community colleges during his presidency. Earlier this year he announced a multibillion-dollar proposal to pay community college tuition for eligible students, but the plan has not picked up any traction in the Republican-controlled Congress.
Obama had made it to just 46 states when Jan. 1 rolled in, leaving just Idaho, South Carolina, Utah and South Dakota yearning for a presidential sighting.
Aides quickly scheduled appearances in Idaho the day after his State of the Union speech in January, followed by a stop in South Carolina in March.
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Obama announces May visit to South Dakota, would be fourth president to visit all 50 states
Obama Welcomes Cuba To Summit of the Americas In Panama
President Obama : "I am proud to be with you at this first-ever official gathering of civil society leaders at the Summit of the Americas. And I #39;m pleased to have Cuba represented with us...
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Obama Welcomes Cuba To Summit of the Americas In Panama - Video