Obama and Biden File Their Taxes
Barack Obama and Joe Biden each released their 2009 tax returns Thursday. But how did they do at spreading their wealth around?
Barack Obama released his 2009 tax returns Thursday revealing that he and Michelle brought in $5.5 million in 2009, mostly due to book sales.
According to The Washington Times:
Estimates by charitable organizations show that most givers donate between 3 and 5 percent of their income.
Mr. Obama and first lady Michelle Obama exceeded that range. The First Couple gave 5.9 percent – or $329,000 – of their $5.5 million of income to charity in 2009.
We’ll give them half a cheer for their modest generosity in spreading their own wealth. And in fairness, we hasten to add that Obama donated the $1.4 million in Nobel Peace Prize award money to 10 charities as he promised when he was honored last year. Of course, the Obamas did pay $1.8 million in federal income taxes and another $163,303 in Illinois income taxes.
Joe and Jill Biden, on the other hand, were downright stingy with giving. On $333,000 in income in 2009, the Bidens gave a measly $4,820, or 1.44 percent, to charity. At least Joe did his “patriotic duty” and paid $71,147 in federal income taxes and $12,420 in Delaware income taxes. To liberals, it’s only generous if the government makes you do it.