Joe Biden Gives 1.5% to Charity –Where’s the Compassion??? #tcot #gop #POTUS #foxnews
By Toby Harnden
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.
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. The White House released the Obama and Biden tax returns on Friday, and while Obama gave about 22% of his income to charity, Biden gave just 1.5%
The White House released the Obama and Biden tax returns on Friday, and while Obama gave about 22% of his income to charity, Biden gave just 1.5%
Jim Messina, Obama’s campaign manager, said that Romney “has yet to provide tax returns from the period in which he made hundreds of millions as a corporate buyout specialist” and his time as Massachusetts governor.
Obama and his wife Michelle reported income of $789,674 last year, about half of it from Obama’s book royalties. Their effective federal income tax rate was 20.5 per cent.
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