Obamas Paid 20.4% In Taxes On $481,098 Of Income In 2013

A copy of the U.S. Department of the Treasury Internal Revenue Service 1040 Individual Income Tax form for the 2013 tax year belonging to U.S. President Barack Obama and his wife, first lady Michelle Obama, is arranged for a photograph in Tiskilwa, Illinois, U.S., on Friday, April 11, 2014. President Barack Obama and his wife, Michelle, reported adjusted gross income of $481,098 for 2013, down 21 percent from last year, according to tax returns released today by the White House. The Obamas paid $98,169 in federal taxes, including at least $2,310 imposed by the 2010 Affordable Care Act that he signed. That's an effective income tax rate of 20.4 percent. Photographer: Daniel Acker/Bloomberg via Getty Images