Barack Obama\\\'s income plummets

President Barack Obama's income declined in 2013 as sales of his books slowed, but he paid a higher tax rate, his tax documents show. In 2013 the president made $481,098, down from $608,611 in 2012. He paid an effective tax rate of 20.4%, up from 18.4%, his tax returns show. The tax rise was expected and came in part because of policies he pushed to limit tax preferences for the wealthy. He and wife Michelle Obama reported charitable donations of $59,251. Of the 32 different charities to which they contributed, the first couple's largest gift went to the Fisher House Foundation, which supports military families, for the second year in a row, according to BBC.