Change You Can Believe In, As Long As You're Using Someone Else's Money, And Not Your Own
Watching Obama and Biden on TV and hearing Obama talk proudly about their "leadership," I can't help but remember how relatively uncharitable and uncaring they have been in the past when it comes to spending their own money. If we look at some of the years before the 2008 election, when nobody was really paying attention to their charitable giving:
1. Between 1998 and 2006, the Bidens' adjusted gross income (AGI) averaged $236,000 per year, and their average annual charitable contributions averaged just $283, or only $5.44 per week. That compares to an average annual charitable contribution of $1,916 for taxpayers with AGI between $15,000 and $30,000 (according to IRS data). In other words, taxpayers in one of the lowest income brackets ($15,000 to $30,000) were almost 7 times as generous as the Bidens with only about 10% of their income!
2. The Obamas were a little more generous than the Bidens, giving an average of $2,187 annually ($42.06 per week) between the years of 2000 and 2004, on average AGI per year of $243,000, which means the Obamas were just barely more charitable in their giving than those making less than only $30,000 per year.