Tax records show that Vice President Joe Biden and his wife, Jill, had $407,009 in Adjusted Gross Income in 2013. They show $20,523 in charitable contributions for the year for 5.0% of their income. That's a substantial sum, and a lot more than a middle class guy like me could afford. Of course, this is up quite a bit over the previous five years:
- 2013 AGI = $407,009 Charity = $20,523 5.0%
- 2012 AGI = $385,072 Charity = $7,190 1.9%
- 2011 AGI = $379,035 Charity = $5,540 1.5%
- 2010 AGI = $379,178 Charity = $5,350 1.4%
- 2009 AGI = $333,182 Charity = $4,820 1.4%
- 2008 AGI = $269,256 Charity = $1,885 0.7%
In 2013, Barack and Michelle Obama reported an Adjusted Gross Income of $481,098. Schedule A Itemized Deductions shows that they made $59,251 in charitable contributions, or 12.3% of the AGI. That is certainly a very respectable amount. Reportedly, the President and Mrs. Obama have significantly increased their charitable contributions since their income has increased with book royalties. Here is their charitable history:
- 2013 AGI = $481,098 Charity = $59,251 12.3%
- 2012 AGI = $608,611 Charity = $150,034 24.7%
- 2011 AGI = $789,674 Charity = $172,130 21.8%
- 2010 AGI = $1,728,096 Charity = $245,075 14.2%
- 2009 AGI = $5,505,409 Charity = $329,100 6.0%
- 2008 AGI = $2,656,902 Charity = $172,050 6.5%
When you figure the percentage of the federal budget that goes to the poor in the form of Aid to Families with Dependent Children, Earned Income Credits, SNAP/Food Stamps, Section 8 Housing, Welfare, etc. etc. How much do the rich and middle classes really pay in charitable contributions? I know that I'm not supposed to consider taxes as charitable giving since I was forced to donate by law. This makes me feel like the government has taken away my ability to give money joyfully to the poor and needy. Isn't that ironic. The MessAPolitico has taken away my right to the satisfaction of charitable giving.
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