Obamas pay $US93K in tax last year

US President Barack Obama and wife Michelle paid more than $US93,000 in federal taxes last year. Source: AAP

US President Barack Obama and wife Michelle paid more than $US93,000 ($A120,920) in federal taxes last year on an adjusted gross income of more than $US477,000.

THEIR effective tax rate was 19.6 per cent.

The Obamas lowered their 2014 tax bill by claiming nearly $US160,000 in itemised deductions, including $US70,712 in charitable donations to 33 different charities.Altogether, they donated nearly 15 per cent of their income, according to tax returns released Friday by the White House.The largest was a $US22,012 donation to the Fisher House Foundation, which supports military families. They also donated $US5000 to Sidwell Friends School, the exclusive private school where daughters Malia and Sasha are enrolled.The 38-page document, which includes the couple's Illinois state income tax return, shows the president made nearly $US395,000 in wages.The couple also reported making $US94,889 from the sale of Obama's best-selling books. That's down from more than $US116,000 the year before.Obama received $US51,167 from Random House and $US43,722 from Dystel & Goderich Literary Management.The White House released the Obamas' tax returns ahead of the filing deadline Wednesday.The Obamas are getting a tax refund of $US20,641. They could have received an additional $US5000 but opted to apply that amount to their 2015 tax bill.

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