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I'm sorry, but WHO isn't donating their fair share ?
Friday, April 12, 2013 2:28 PM
AURAPTOR
America loves a winner!
Quote: Joe Biden has increased his giving to worthy causes more than fivefold since he became vice-president but he still donated a paltry 1.5 per cent of his income, well under half the national average.
Quote: In tax returns released by the White House, it was revealed that Biden and his wife Jill earned $379,035 in 2011 and paid $105,362 in taxes.They gave $5,540 to charity. The tax returns were made public in part to put pressure on Mitt Romney, the presumptive Republican nominee, to release tax returns going back further than 2010. The Obama campaign hopes to use Romney’s relatively low effective tax rate as a weapon against him in the election. In January, it was revealed that Romney’s tax rate was 14 per cent, because most of his income was derived from investments and dividends. Read more: http://www.dailymail.co.uk/news/article-2129425/Joe-Bidens-tax-return-reveals-Vice-President-gave-just-1-5-380-000-income-charity.html#ixzz2QIXfv9jn
Friday, April 12, 2013 4:45 PM
JONGSSTRAW
Saturday, April 13, 2013 6:47 PM
Sunday, April 14, 2013 7:44 AM
NIKI2
Gettin' old, but still a hippie at heart...
Quote:the Obamas contributed around 25% of their income to charities, which is a considerably higher rate than most Americans, including most wealthy Americans:Quote:According to the Chronicle of Philanthropy, which tracks the non-profit world, Americans on average give about 4.7 percent of their income to charity. Those who make more than $200,000 annually give about 4.2 percent of their income away. What is also notable is that President Obama made the decision earlier this month, along with Defense Secretary Chuck Hagel, to take a voluntary 5% pay cut in solidarity with those getting hit by unpaid furloughs due to the sequester. In both cases, a class act. Another interesting point in this discussion of income and taxes, is the fact that the President’s own proposed tax code reform would require him to pay more in taxes, something he’s stated he believes all wealthier people should be willing to do. From the White House:Quote:“The President believes we must reform our tax system which is why he has proposed policies like the Buffett Rule that would ask the wealthiest Americans to pay their fair share while protecting families making under $250,000 from seeing their taxes go up. Under the President’s own tax proposals, including limitations on the value of tax preferences for high-income households, he would pay more in taxes while ensuring we cut taxes for the middle class and those trying to get in it.” The President’s effective rate in 2011 was 20.5 percent (as a point of comparison, Romney’s effective tax rate was 14.1 percent in 2011). The President currently pays an 18.4 percent effective federal income tax rate. We won’t be getting any word on the Romneys this year! http://www.addictinginfo.org/2013/04/13/obamas-tax-returns-higher-charitable-giving-higher-tax-rate-than-other-wealthier-americans/
Quote:According to the Chronicle of Philanthropy, which tracks the non-profit world, Americans on average give about 4.7 percent of their income to charity. Those who make more than $200,000 annually give about 4.2 percent of their income away.
Quote:“The President believes we must reform our tax system which is why he has proposed policies like the Buffett Rule that would ask the wealthiest Americans to pay their fair share while protecting families making under $250,000 from seeing their taxes go up. Under the President’s own tax proposals, including limitations on the value of tax preferences for high-income households, he would pay more in taxes while ensuring we cut taxes for the middle class and those trying to get in it.”
Quote:Some Republicans have criticized Vice President Joseph Biden for giving a small portion of his income to charity—about 1.5 percent last year and 1.4 percent in 2010. In the latest jab, the GOP strategist Karl Rove told Politico this week that he makes “more charitable contributions as a percentage of my income than either [President Obama] or the vice president.” “Of course, that’s not hard when it’s compared with Vice President Biden,” Mr. Rove said. But will the critics back off now that the Republican vice presidential nominee, Rep. Paul Ryan, has released his tax returns? The Wisconsin congressman and his wife, Janna, actually gave less of their income to charity in 2010 than Mr. Biden and his wife, Jill, did —- $2,600, or about 1.2 percent.
Sunday, April 14, 2013 9:23 AM
Sunday, April 14, 2013 9:42 AM
1KIKI
Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.
Sunday, April 14, 2013 1:12 PM
KWICKO
"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)
Monday, April 15, 2013 7:00 AM
Quote:So the FACTS that Obama pays more in tax and donates more to charity as a percentage of his income than Romney, and that Biden donated the same as a percentage of his income over time as compared to Ryan mean nothing to you. You'll still keep claiming the opposite.
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