Obamas pay $162K in taxes -- a 20.5% rate

President Obama and first lady Michelle Obama paid $162,074 in taxes on $789,674 in income, the White House reported -- an effective tax rate of 20.5%. The Obama also gave 22.5% of their income to charity. Vice President Joe Biden and wife Jill, meanwhile, paid nearly $88,000 in federal tax on adjusted gross income of $379,035. The Bidens also paid $13,843 in Delaware state income tax and $3,615 in Virginia state income tax (related to Dr. Biden's work as a teacher). The vice president''s federal tax rate is 23.2% The Obamas' tax return can be found here. The Bidens' tax information is here. Mitt Romney, the likely Republican presidential nominee, has requested an extension for filing his tax returns, aides said. White House spokesman Jay Carney said Obama supports changes that would require wealthy Americans like himself to pay higher tax rates. Obama's re-election team noted it has posted the tax returns of the president and vice president dating back t0 2000, and they are demanding that Romney do the same. Carney issued a written statement on the Obama and Biden tax returns: