President Obama and Vice President Joe Biden released their 2008 tax returns last night. President Obama paid $855,323 in federal taxes on a combined household income of $2,656,902. In a press conference yesterday, Press Secretary Robert Gibbs explained President Obama's hefty return as being due to his book royalties. More surprising perhaps is that Joe Biden appears to be the poorest Senator. Biden's tax return showed only $269,256 and paid $46,952 in federally taxes. Our man on Capitol Hill, Todd Zwillich, joins us with a look at the bounty of public disclosures yesterday.
Our partners The New York Times have all 67-pages of the Obamas' tax return. Click here