NEW YORK (CNNMoney) -- President Obama and the first family earned about two-thirds less in 2010 than the year before, and donated about 14% of their income to charity.
The Obama family, in tax returns released Monday by the White House, reported an adjusted gross income of $1,728,096, down from about $5.5 million in 2009.
The Obamas reported paying $453,770 in federal taxes. They donated $245,075, or 14% of their income, to 36 different charities. Fisher House Foundation, a charity that works with veterans, took home the biggest single donation.
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Obama is donating the proceeds from the latest book, "Of Thee I Sing," to a Fisher House scholarship fund for children of fallen and disabled soldiers. This year, the contribution was $131,075.
The Obamas donated $15,000 to the Clinton Bush Haiti Fund, and $10,000 to the Boys & Girls Club of America.
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http://money.cnn.com/2011/04/18/news/economy/obama_tax_return/index.htm
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