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Obama reports $600k in income, paid 18.4 percent tax rate

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President Obama and First Lady Michelle Obama reported an adjusted gross income of $608,611 for 2012 and paid an 18.4 percent income tax rate, the White House said on Friday. In total, the first couple paid $112,214 in taxes last year. The administration made the tax figures public Friday ahead of Monday's deadline to file returns with the IRS. Obama made personal tax rates an...

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