By Jessica Shambora
April 15, 2009

“We need to simplify a monstrous tax code that is far too complicated for most Americans to understand, but just complicated enough for the insiders who know how to game the system.”

— President Barack Obama in a speech at the White House on Wednesday. The first couple paid about $855,000 in federal taxes and would have gotten $26,000 back, but applied the amount to their 2009 income taxes instead. Happy April 15! –Jessica Shambora

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