Obama’s Tax Return Shows His Books Aren’t Selling Like They Used To

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Photo: Susan Walsh

Barack and Michelle Obama passive-aggressively reminded all procrastinating Americans to hurry up and do their taxes by releasing their own 2012 return today. As the New York Times puts it, the president's income has "plummeted" since he took office, totaling $608,611 last year — we suspect he'll be okay — as compared to $5.5 million in 2009, almost entirely in book money, with royalties in 2012 down to $273,000. The Obamas paid about $112,000 in federal income taxes at a rate of about 18.4 percent, but would've happily paid more, if only Republicans would let them.