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Politics : DEMOCRATIC NIGHTMARE - 2008 CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Hope Praytochange who wrote (496)	4/17/2007 8:49:22 AM
From: PROLIFE	Read Replies (1) \| Respond to of 654

Obamas' 2006 Income Put at $991,296 Apr 16 08:52 PM US/Eastern By DENNIS CONRAD Associated Press Writer WASHINGTON (AP) - The annual income for Illinois Sen. Barack Obama and his wife dropped about $680,000 in 2006 from the nearly $1.7 million they took in the prior year, according to documents released Monday. Information released by the Chicago Democrat's presidential campaign indicated that the Obamas' total income decreased because in 2005 they had a major book deal and a one-time bonus. Their 2006 income of $991,296 included Obama's salary of $157,082 and his wife's administrator's pay of $273,618 from the University of Chicago Hospitals and $51,200 in director fees from a food distributor, TreeHouse Inc. Most of the income, $506,618, came from Obama's royalties on two books that became best-sellers, including one published last fall, "The Audacity of Hope: Reclaiming the American Dream." Another downward trend for the Obamas was their charitable contributions, which totaled about $60,000 in 2006, some $17,000 less than what they gave a year before. Among the largest beneficiaries last year: the Congressional Black Caucus Foundation, $13,107; CARE, $15,000; Chicago's Muntu Dance Theater, $5,000; and Trinity United Church of Christ in Chicago, $22,500. The Obamas paid $277,431 in federal taxes—an overpayment of $40,856, which they designated for estimated tax payments this year.