President & Vice President 2012 tax returns released
President Barack Obama and Vice President Joe Biden have released their tax returns for 2012.
The first family saw its income drop slightly last year because sales of the president's books declined.
Their returns show the president and First Lady Michelle Obama earned $608,611 last year.
Mr. Obama is paid $400,000 as Commander-in-Chief.
The Obamas paid a little over $112,000 in taxes.
Vice President Joe Biden and his wife Jill reported income of just over $385,000.
They paid $87,851 in taxes, according to their returns.