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Obamas pay more than $435K in federal taxes

(Reuters/Jason Reed)

President Barack Obama and the first family paid $453,770 in federal taxes on an adjusted gross income of $1,728,096 in 2010, the White House said Monday.

The president is paid a salary of $400,000 for his day job and took home quite a hefty paycheck because his books — “The Audacity of Hope,” “Dreams From My Father” and “Of Thee I Sing: A Letter to My Daughters” — continue to register strong sales. Get the full story »