Money On My Mind
Whose Wallet: Barack & Michelle Obama
Weight: $1,728,096
How They Hustled: President Barack Obama and Michelle Obama reported a 2010 adjusted gross income of $1,728,096, according to federal income and gift tax returns released today. Of that, $453,770 (26 percent) went to federal taxes, $245,075 (14 percent) went to a total of 36 different charities and $51,568 (3.25 percent) went to state income taxes, meaning the couple kept roughly 56 percent of their income, outside of what they paid in city taxes.
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