Thread Options
|
#1164576 - 04/16/09 03:55 PM
Pres and VP release tax info
|
10K Club
Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
|
snipped from Fox It's tax day at the White House and both President Obama and Vice President Biden have filed their tax returns.
Tax returns released by the White House show Obama and his wife, Michelle, together made $2.7 million last year.
While that is far more than the U.S. median household income of about $50,000, it is also far less than the Obamas made the previous year. In 2007, they made $4.2 million.
Nearly all of their earnings last year came from the president's two best-sellers. The nonfiction books -- "Dreams From My Father" and "The Audacity of Hope" -- brought the Obamas nearly $2.5 million in royalties.
The Obamas paid $855,323 in federal income tax and donated $172,050 to 37 different charities. The largest donations in 2008 were to CARE and the United Negro College Fund for $25,000.
Biden reports that he and his wife earned $269,256 last year.
The couple's main sources of income were salaries from the Senate, Widener University, Delaware Technical & Community College and royalties from the audio rights to the vice president's memoir, "Promises to Keep."
According to tax returns released by the vice president's office, the Bidens paid $46,952 in federal income taxes and $11,164 in Delaware state income taxes. They donated $1,885 to charity. But the White House points out that number is not the final sum of their charitable contributions. The release says the Biden's donate to their church and contribute to their favorite causes with time. A financial disclosure form Biden filed a year ago as a senator valued the Bidens' assets at between $59,000 and $443,000.
April 15 is the deadline to file U.S. tax returns.
Well, the Obama's are in the 31% tax bracket and donated 6% of their income to charities, while Biden is in the 17% tax bracket but only donated .007% to charities...why would they issue a statement that they donate to their church but not claim that? Sounds fishy...and sounds like they better get on the giving train... lucky me, I'm just 1% over Mr. Biden in tax paying percentage, yet I donated almost 4x as much as him...oh my goodness, does this make me a democrat?
_________________________
Providing alternative truths since the invention of time
|
Return to Top
|
|
|
|
#1164591 - 04/16/09 04:07 PM
Re: Pres and VP release tax info
Miscuit
|
10K Club
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
|
I read it as they donate their time and not money.
Still, kinda dissapointing that I make in salary, and how much more I donate to church and charity in dollars and time.
Guy is kinda a cheapskate.
_________________________
I don't repeat gossip, so listen closely...
|
Return to Top
|
|
|
|
#1164610 - 04/16/09 04:16 PM
Re: Pres and VP release tax info
HappyGilmore
|
10K Club
Joined: Nov 2003
Posts: 12,846
|
Well, the Obama's are in the 31% tax bracket and donated 6% of their income to charities Funny how much more they gave once he started running for President. But I'm sure that's unrelated.
|
Return to Top
|
|
|
|
#1164618 - 04/16/09 04:21 PM
Re: Pres and VP release tax info
Miscuit
|
10K Club
Joined: Jul 2004
Posts: 18,989
|
<---- donates blood and not money
_________________________
With the lights out, it's less dangerous.
|
Return to Top
|
|
|
|
#1164623 - 04/16/09 04:24 PM
Re: Pres and VP release tax info
Bobby Boucher
|
10K Club
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
|
why should I care who donates what?
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain
|
Return to Top
|
|
|
|
#1164633 - 04/16/09 04:27 PM
Re: Pres and VP release tax info
Retired DQ
|
10K Club
Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
|
well, in this tough economic times, we are all being asked to step up to the plate and take some lumps, donate to those who are less fortunate...blah blah blah
Leadership by example would go a long way toward this...
_________________________
Providing alternative truths since the invention of time
|
Return to Top
|
|
|
|
#1164650 - 04/16/09 04:33 PM
Re: Pres and VP release tax info
Retired DQ
|
10K Club
Joined: Jul 2004
Posts: 18,989
|
Harlot!
_________________________
With the lights out, it's less dangerous.
|
Return to Top
|
|
|
|
#1164675 - 04/16/09 04:43 PM
Re: Pres and VP release tax info
Miscuit
|
10K Club
Joined: Jul 2004
Posts: 18,989
|
^^^Mary Magdalene and Heidi Fleiss are her idols^^^
_________________________
With the lights out, it's less dangerous.
|
Return to Top
|
|
|
|
#1164686 - 04/16/09 04:52 PM
Re: Pres and VP release tax info
HappyGilmore
|
Power Poster
Joined: Aug 2004
Posts: 5,912
Outside A Garage
|
Not really surpising..... Who Really Cares? Product Description We all know we should give to charity, but who really does? In his controversial study of America's giving habits, Arthur C. Brooks shatters stereotypes about charity in America--including the myth that the political Left is more compassionate than the Right. Brooks, a preeminent public policy expert, spent years researching giving trends in America, and even he was surprised by what he found. In Who Really Cares, he identifies the forces behind American charity: strong families, church attendance, earning one's own income (as opposed to receiving welfare), and the belief that individuals--not government--offer the best solution to social ills.
But beyond just showing us who the givers and non-givers in America really are today, Brooks shows that giving is crucial to our economic prosperity, as well as to our happiness, health, and our ability to govern ourselves as a free people.
_________________________
...you guys, I'm going home
|
Return to Top
|
|
|
|
|
|