Obama’s 2007 income tax return shows $4 million income. Who is in touch? Debate Wednesday night on ABC.

SHARE Obama’s 2007 income tax return shows $4 million income. Who is in touch? Debate Wednesday night on ABC.

PHILADELPHIA, PA.– Though the Obamas’ released their 2007 on Wednesday afternoon–everything from 2000 on is public–showing that Sen. Barack Obama’s books have made his a fortune–almost $4 million last year. LINK to return. This comes as Obama is trying to deflect charges of elitism as he appeals to blue collar Pennsylvania voters.

The question is–will Sen. Hillary Rodham Clinton (D-N.Y.) press Obama (D-Ill.) at the debate that starts at 7 Chicago time–if he will make public his returns from his state senate years? Her staff was calling for those returns earlier this week. The Obama campaign declined to comment on returns from the 1990s.

Obama Releases 2007 Tax Returns

CHICAGO, ILSenator Obama today released his 2007 tax return and posted it to his campaign web site, continuing his commitment to running a transparent campaign and a transparent administration as President.

The Obamas 2007 federal tax return is available HERE.

The 2007 return at a glance

Total income: $4,238,165

o Adjusted gross income: $4,139,965

o Salaried income: $260,735

o Net profit from books: $3,943,378

Federal taxes paid: $1,396,772

Total charitable contributions for 2007: $240,370

###

The Latest
Although police say Bobby Crimo planned a mass shooting for weeks, his uncle Paul Crimo said he had no inkling the attack was coming.
“The shooter is still at large, so let’s pray for justice to prevail, and then let’s move on and let’s celebrate — celebrate the independence of this nation,” state Sen. Darren Bailey, R-Xenia, said on Monday 90 minutes after the shooting that left seven dead and at least 30 wounded.
The nation’s first woman and person of color to occupy the vice president’s office struck a somber tone before thousands of teachers at McCormick Place while taking the first five minutes of her speech to condemn the massacre and push for “reasonable gun safety laws.”
There shall be no more injury excuses when White Sox return to full health.
EDITOR’S NOTE: Sun-Times Washington Bureau Chief Lynn Sweet was at the Highland Park parade when the shooting started, and we debated whether to use her photos of the dead. We decided to use one, and put it behind a click-to-view warning module. Here’s our reasoning.