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The documents show the couple earned $436,065 in adjusted gross income last year, and paid $81,472 in federal income taxes, giving them an effective tax rate of 18.7%.
That’s in keeping with their effective rates in recent years, which ranged from 18.4% to 20.4%.
Related: Nearly half of Americans will pay no federal income tax – here’s why
The First Family’s income has gradually declined since 2012, largely due to less income from the sales of the president’s books.
The bulk of their 2015 income came from his salary of nearly $400,000. He also received an income of $56,069 after expenses from his books.
Like a lot of very high-income Americans, the Obamas had to pay an additional Medicare tax on their wages that was created under the president’s signature health reform law. The surtax cost them an extra $1,766.
And they also fell prey to the Alternative Minimum Tax, which added $7,743 to their total tax bill.
The Obamas gave $64,066, or nearly 15% of their earnings, to charity.
The Obamas are due a federal tax refund this year because they overpaid what they owed by $22,859.
They also paid a total of nearly $49,000 in state and local income and property taxes
