.......the returns show that the Bidens have been amazingly tight-fisted when it comes to their charitable giving. Despite income ranging from $210,432 - $321,379 over the ten-year period, the Bidens have given only $120 - $995 per year to charity, which amounts to 0.06% - 0.31% of their income:
It is jarring that a couple earning over $200,000 per year would give as little as $2 per week to charity. This giving compares very unfavorably to John McCain, whose tax returns show that he gave 27.3% - 28.6% of his income to charity in 2006-2007. During the same period, the Obamas' tax returns show that they gave 5.8% - 6.1% of their income to charity.
Perhaps the Obama-Biden campaign needs a new slogan: "Change You Can Believe In (As Long As Someone Else Pays For It)"
Update: Independent Sector reports that 89% of American households contribute to charity, with an average contribution of $1,620 -- 3.1% of income.
IRS statistics reveal that the average taxpayer with AGI over $200,000 makes over $20,000 of charitable contributions:
- $15,000-$30,000 AGI: $1,916 average charitable deduction
- $30,000-$50,000 AGI: $2,158 average charitable deduction
- $50,000-$100,000 AGI: $2,703 average charitable deduction
- $100,000-$200,000 AGI: $4,057 average charitable deduction
- $200,000 or more of AGI: $20,434 average charitable deduction
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Friday, September 12, 2008
Joe Biden is a Cheapskate: Doesn't Believe in Charity
Joe Biden is running on a ticket that talks about service and helping out the less fortunate. It seems that Biden isn't a real believer in the Democratic Platform. He just released ten years of Tax Returns and despite the fact that he has made between $210,432 - $321,379 in each of those years, except for last year when he donated $995 to charity, he has donated LESS THAN $400 dollars in each of those years. For comparison's sake the average person making over $200,000 gives over $20,000 in charitable donations. WAY TO SHOW YOU CARE JOE. The following is from the Tax Professor's Blog: