#1 Biden's Tax Returns Show Little Charitable Giving09-13-2008, 12:34 AM
Biden's Tax Returns Show Little Charitable Giving
Paul Caron wonders if the release of Sen. Joe Biden's tax returns "might backfire because 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."
"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."
Independent Sector reports that 89% of American households contribute to charity, with an average contribution of $1,620 -- 3.1% of income.
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