Obama Earns $3.9M in Royalties

His book sales continue to soar
By Peter Fearon,  Newser Staff
Posted Apr 16, 2008 10:08 PM CDT
Obama Earns $3.9M in Royalties
Barack Obama autographs magazines and books in Johnstown, Pa. Tax returns show he earned nearly $4M in royalties from his books last year.    (AP Photo/Alex Brandon)

Barack and Michelle Obama earned $4.2 million last year, mostly from royalties from Obama's two books, Dreams From My Father and the Audacity of Hope. The Obamas' newly released returns for 2007 show they paid $1.4 million in federal taxes and gave $240,370 to charity, USA Today notes. His book sales have skyrocketed since he became a national figure. (More Barack Obama stories.)

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