Nightly News | April 12, 2013
Obamas release tax returns
The Obamas reported an adjusted gross income of $608,611 and paid about $112,000 in taxes. NBC’s Brian Williams reports.
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This content comes from Closed Captioning that was broadcast along with this program.
>>> president and mrs. obama released their returns today. their income was down from the year because -- compared to oh the year oh before rather because of the decreased sale of his books. still, the obamas' adjusted gross income for 2012 just over $608,000. they paid about $112,000 in taxes. work out to a tax rate of 18.4%. the white house was quick to note today the president thinks his tax rate is too low.