Posted on 01/25/2012 9:00:47 AM PST by Paladins Prayer
Forget Mitt Romney and Bain Capital. If you want to find the real greedy one percent, you need look no further than Barack Obama.
According to tax returns released yesterday, Barack and Michelle Obama earned $1.2 million from 2000 through 2004 yet managed no more than $10,772 in charitable donations. This amounts to less than one percent of their income. Upon becoming public figures, there was hope and some (spare) change, as they did a lot better in earning and a little better in giving. In 2005 and 2006, they donated $137,622, which was just over 5 percent of the $2.6 million that free enterprise distributed their way.
In contrast, Romney appears the Santa Claus to Obama’s Scrooge. According to the former Massachusetts Governor’s tax returns, he donated almost $3 million to charity in 2010, just under 14 percent of his $21.7 million income; he did even better in 2011, donating $4 million to charity — almost 20 percent of his $20.9 million income.
In other words, while Obama talks a good game about redistributing wealth, he seems to want his to stay right where it is.
This may make some wonder if the President has, at least relative to Romney, short arms and deep pockets.
(Excerpt) Read more at thenewamerican.com ...
I love the ending of this article.
:->
One of my facebook “friends”: “If I made 20 million a year I could afford to give 14% of my income to charity too. It’s not fair that he could give so much”.
Really? Now these liberals are saying it’s not fair that he can afford to give to charity??!
In comparison I give about 12% (10 to tithing and 2 to other charity) and I make less than $40,000 a year. The person that says it’s not fair makes twice as much as I do and pays nothing to charity.
They sure may like money, but they certainly do not know how to make any.
Check their 2010 tax return @ http://www.whitehouse.gov/sites/default/files/president-obama-2010-complete-return.pdf
Making millions a year in the last decade check the interest, dividends and capital gains.
8a Taxable Interest - $13,473
8B Tax-exempt Interest - $ 0
9a Ordinary dividends - $12,018
13 Capital Gains - $-3,000
Sure not investing in America
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