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April 11, 2014 AT 11:45 AM
President Barack Obama released his 2013 federal and state tax returns today. The President’s self-employment income from his book sales plummeted from $258,722 in 2012 to $104,000 in 2013. His effective tax was 20.4%, consistent with the 18.4% he paid in 2012. Because the President’s book revenue was down, he contributed $90,000 less to the Fisher House Foundation, an organization that helps military families.