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| Obamas declare earnings of $2.66m | |
| (about 3 hours later) | |
| US President Barack Obama and his wife Michelle earned $2.66m (£1.78m) in 2008, according to annual tax returns released by the White House. | |
| The figures also show the president and first lady gave $172,050 to various charities and paid $933,000 in taxes. | |
| Most of the money came from royalties for sales of the president's books. | Most of the money came from royalties for sales of the president's books. |
| Mr Obama has written two non-fiction books, an autobiography and a political manifesto, which have remained in the best-seller lists for several years. | Mr Obama has written two non-fiction books, an autobiography and a political manifesto, which have remained in the best-seller lists for several years. |
| The White House said Mr and Mrs Obama filed their mandatory annual tax returns just in time to make the 15 April deadline. | The White House said Mr and Mrs Obama filed their mandatory annual tax returns just in time to make the 15 April deadline. |
| Together, they declared gross earnings of $2,656,902, "the vast majority" of which came from sales of Mr Obama's books. | Together, they declared gross earnings of $2,656,902, "the vast majority" of which came from sales of Mr Obama's books. |
| Mr Obama's political manifesto, The Audacity of Hope: Thoughts on Reclaiming the American Dream, was published in 2006 and has remained on the New York Times best-seller list for 67 weeks. | Mr Obama's political manifesto, The Audacity of Hope: Thoughts on Reclaiming the American Dream, was published in 2006 and has remained on the New York Times best-seller list for 67 weeks. |
| His autobiography, Dreams From My Father, has been on the list for 142 weeks and is currently at number eight. | His autobiography, Dreams From My Father, has been on the list for 142 weeks and is currently at number eight. |
| As well as the $855,323 paid in federal taxes and $77,883 in state income taxes, the Obamas gave 6.5% of the income to charity. | As well as the $855,323 paid in federal taxes and $77,883 in state income taxes, the Obamas gave 6.5% of the income to charity. |
| The largest donations were $25,000 each to the humanitarian organisation Care and the United Negro College Fund, which provides assistance to US students from ethnic minorities. | The largest donations were $25,000 each to the humanitarian organisation Care and the United Negro College Fund, which provides assistance to US students from ethnic minorities. |
| The Obama's income is down from their 2007 tax return, where they declared $4.2m in gross earnings. | The Obama's income is down from their 2007 tax return, where they declared $4.2m in gross earnings. |
| Vice-President Joe Biden and his wife Jill have also filed their tax returns, declaring $269,256 in pre-tax earnings. | Vice-President Joe Biden and his wife Jill have also filed their tax returns, declaring $269,256 in pre-tax earnings. |
| The US president earns a statutory salary of $400,000, while the vice-president's salary is about $220,000. | The US president earns a statutory salary of $400,000, while the vice-president's salary is about $220,000. |
| US families have an average annual household income of about $50,000. | US families have an average annual household income of about $50,000. |