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Obama's 2013 return: $98k in federal taxes on $481k in income

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President Obama and first lady Michelle Obama paid $98,169 in federal taxes for 2013 on a reported gross income of $481,098, the White House announced on Friday. In a blogpost on the White House website, press secretary Jay Carney said the president's federal tax rate was 20.4 percent. The Obamas also filed an Illinois return and paid $23,328 in state taxes.

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