Deutsche Bank Shares Rise After Shakeup

ENLARGE Deutsche Bank managers held meetings and conference calls with employees in London, New York and Frankfurt, above. Photo: Martin Leissl/Bloomberg News By Jenny Strasburg and Jenny Strasburg The Wall Street Journal CANCEL Biography @jennystrasburg Google+ [email protected] Juliet Samuel Juliet Samuel The Wall Street Journal CANCEL Biography @CitySamuel [email protected] Oct. 19, 2015 1:46 p.m. ET 0 COMMENTS Deutsche Bank AG DB 2.48 % employees and investors on Monday positively graded the lender’s management and organizational overhaul, saying they welcomed clarity on how businesses will be judged going forward. They also said next week will be crucial to understanding Deutsche Bank’s

The Obamas paid $93,362 in federal income taxes

white house obamas tax
President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013.

No late tax-filing penalties for the First Family.

President Obama and First Lady Michelle Obama reported $ 495,964 in gross income last year, according to their 2014 tax returns released by the White House on Friday afternoon.

The president’s salary accounted for nearly $ 395,000 of that, while their net business income came to $ 88,181 from Random House and literary management company Dystel & Goderich. They also earned about $ 16,000 in taxable interest.

After accounting for $ 17,400 in tax-deferred retirement savings and a $ 1,181 deduction for the self-employment payroll taxes they paid, their adjusted gross income came to $ 477,383, just a little less than they earned the year before.

Related: Top 400 taxpayers’ average income jumps to $ 336 million

So how much of all that went to Uncle Sam? The Obamas’ federal income tax bite came to $ 93,362, or 19.6% of their AGI.

A piece of that tax burden — $ 2,035 — was attributable to the Medicare surtax on high earners that was created to help fund Obamacare.

The Obamas donated $ 70,712, or about 15% of their AGI, to more than 30 charities.

They also paid $ 22,640 in income taxes to their home state of Illinois.

IRS help, tax breaks and loopholes – CNNMoney.com

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