Skip to comments.Obama's Minuscule Charity Contributions
Posted on 10/25/2008 8:20:55 AM PDT by kellynla
Senator Obamas tax returns are pretty interesting. In comparing his 2007 tax return to previous years, other than a very significant increase in income, the major change is that Senator Obama has found a pretty good tax planner. Senator Obama has implemented several tax strategies that have reduced his 2007 Federal income taxes and if he continues with this planning, he and his family will save millions over the next couple of decades. Every step of the Obama tax plan appears to be 100% legal.
It is well documented that between 2001 and 2004, the only noteworthy items in the Obama tax returns were that (a) their charitable contributions were negligible (less than $8400 with earned income of over $981,000) and (b) they amassed literally no savings over the four year period reporting a total of only $33 of interest income with earned income of over $981,000.
It is also well documented that in 2005 and 2006, the only noteworthy items in the Obama tax returns were that (a) their charitable contributions rose to 3.5% ($92,867)of their adjusted gross income which now included book proceeds and amounted to $2.6M, (b) they continued to amass virtually no savings with total interest and dividend income in 2006 amounting to $5700 while earnings exceeded $1.6M in 2006 and $991K in 2007 and (c) following Senator Obamas election to the United States Senate, they reported an almost tripling of Mrs. Obamas salary from the University of Chicago Hospitals to $316,962 and her new Boards of Directors fees of $45,000.
In 2007, Senator Obama gave $240,000 of his gross income of $4.2M to charity (5.7%).
(Excerpt) Read more at townhall.com ...
Another characteristic of Commies - ‘do as I say...’
Just more of the same socialist hypocrisy. Liars, criminals, cheats, Marxists, thieves, communists, crooks....anything but DONORS for the good -— only donors for VOTES AND POWER.
No surpise there.
Liberals/Socialists see government as the main instrument of
“charity” to “the masses”.
Or corrupt levels of largess for themselves!
You beat me to it, and said it better than I could have. The liberals don’t donate as much to charity because they expect government to do all the charitable type of work. They want a government program set up to cure every conceivable ill of society.
It would be interesting to go through the list of gov’t agencies and see exactly what they have contributed.
Is the state of public education better since we have had a Department of Education?
Is our energy situation better since we have had a Department of Energy?
Is the state of slum housing better since we have had a Department of Housing and Urban Development?
I’m not saying that gov’t programs never achieve any goals, just that there are often disappointing results from the tax dollars and efforts expended.
“Do as I say” while I live off of your money via the government and get rich doing it.
Obama is a classic looter. He takes. A taker never gives
YouTube - Barack Obama speech calls for sacrifice and national serviceJul 12, 2008 ... COLORADO SPRINGS, COLO. — On day three of a campaign swing meant to showcase his values, Barack Obama spoke about the importance of ...
http://www.youtube.com/watch?v=dpiOXogBDr0 - 126k -
[And his plane stinks.]
Obama Economics “Spreading the Wealth Around” = What’s Yours is mine & What’s mine is mine.
Robin Hood then “gave” the money to the “poor”; which was nothing more than returning it to its rightful owners, the newly impoverished middle class.
The Obamas are always with us, scheming to take money they didn't earn. It's up to We, The People to insure we don't need a Robin Hood.
But that is unpatriotic..... /s
Spreading the wealth is good as long as it’s other people’s wealth that gets spread.
Exactly what method is he using to reduce his taxes..?
I sure would like to see a breakdown of Hussein's contributions. After all, this is a guy who considers Jeremiah Wright a "Christian." I'll bet some of 0bama's "charities" are the same Leftie fronts he has always been associated with.
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