Obama's Other Job Doesn't Pay Like It Used To

President Barack Obama holds up a book he authored, 'Of Thee I Sing: A Letter to My Daughters', before reading to students at Long Branch Elementary in Arlington, Va. President Barack Obama holds up a book he authored, 'Of Thee I Sing: A Letter to My Daughters', before reading to students at Long Branch Elementary in Arlington, Va. Pablo Martinez Monsivais

President Obama may want to think twice about that sequester pay cut. His tax returns, released Friday, show that his main source of income -- which used to be royalties from the sale of his books -- is now his presidential salary. A salary that is now just 95 percent of what it once was.

According to the U.S. and foreign source income summary included with Obama's 2012 returns, his business (a.k.a. book-writing) earned $273,739. That certainly looks great, but not so much when you consider that he makes just under $400,000 at his day job.

This is the first year since he was elected that Obama has made more as a public servant than as an author. In 2008, tax returns show, his business earned $2.6 million. In 2009, that more than doubled to $5.7 million. The numbers came back down after that: $1.57 million in 2010, then $487.928 in 2011. Now it's just $273,739. 

Take note, Hillary Clinton: writing is a rough, rough business.

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Sponsored by G Suite

    Cross-Agency Teamwork, Anytime and Anywhere

    Dan McCrae, director of IT service delivery division, National Oceanic and Atmospheric Administration (NOAA)

    Download
  • Data-Centric Security vs. Database-Level Security

    Database-level encryption had its origins in the 1990s and early 2000s in response to very basic risks which largely revolved around the theft of servers, backup tapes and other physical-layer assets. As noted in Verizon’s 2014, Data Breach Investigations Report (DBIR)1, threats today are far more advanced and dangerous.

    Download
  • Federal IT Applications: Assessing Government's Core Drivers

    In order to better understand the current state of external and internal-facing agency workplace applications, Government Business Council (GBC) and Riverbed undertook an in-depth research study of federal employees. Overall, survey findings indicate that federal IT applications still face a gamut of challenges with regard to quality, reliability, and performance management.

    Download
  • PIV- I And Multifactor Authentication: The Best Defense for Federal Government Contractors

    This white paper explores NIST SP 800-171 and why compliance is critical to federal government contractors, especially those that work with the Department of Defense, as well as how leveraging PIV-I credentialing with multifactor authentication can be used as a defense against cyberattacks

    Download
  • Toward A More Innovative Government

    This research study aims to understand how state and local leaders regard their agency’s innovation efforts and what they are doing to overcome the challenges they face in successfully implementing these efforts.

    Download
  • From Volume to Value: UK’s NHS Digital Provides U.S. Healthcare Agencies A Roadmap For Value-Based Payment Models

    The U.S. healthcare industry is rapidly moving away from traditional fee-for-service models and towards value-based purchasing that reimburses physicians for quality of care in place of frequency of care.

    Download
  • GBC Flash Poll: Is Your Agency Safe?

    Federal leaders weigh in on the state of information security

    Download

When you download a report, your information may be shared with the underwriters of that document.