
The White House says it underscores the argument for his 'Buffett rule' on taxing wealthier people.
Their tax form for 2011 shows that President Obama and his wife, Michelle, paid a 20.5% federal tax rate on $789,674 in adjusted gross income. (Daniel Acker, Bloomberg / April 13, 2012)
By Kathleen Hennessey and Michael A. Memoli, Washington Bureau
April 13, 2012, 4:50 p.m.
WASHINGTON — As President Obama mounts an aggressive campaign on what he calls tax fairness, his own tax burden has fallen to the lowest of his time in the White House, lower than many who make far less — including his secretary.
The president and first lady reported a...