The Conservative Cave
Current Events => Breaking News => Topic started by: TheSarge on April 15, 2009, 08:12:00 PM
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(http://www.foxnews.com/images/root_images/041509_millionman.jpg)
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.
http://www.foxnews.com/politics/first100days/2009/04/15/white-releases-tax-returns-obama-biden/
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The largest donations in 2008 were to CARE and the United Negro College Fund for $25,000.
IT left out donations to ACORN.
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The largest donations in 2008 were to CARE and the United Negro College Fund for $25,000.
IT left out donations to ACORN.
Those were under the table shhhhhh!
Their reward will be absolute control of the 2010 Census.
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nice to see that joe is keeping up the 0.6% donation to charity
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Wasn't it Biden who stated that the PATRIOTIC thing to do was pay MORE taxes?
Too bad he isn't a man of his word!
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He is all about redistribution of the wealth.
Anyone wanna bet he doesn't mean his own wealth?
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The largest donations in 2008 were to CARE and the United Negro College Fund for $25,000.
IT left out donations from ACORN.
Fixt.
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nice to see that joe is keeping up the 0.6% donation to charity
Really!
If you look up "cheap bastard" in the dictionary, you would see Joe's picture....
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My question is what did barack give to charity in '07? Much less I'm thinking.
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Hussein donated 6.37% of his total income to charity.
Biden donated 0.007% of his total income to charity.
My goodness. How cheap can you get?
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Hussein donated 6.37% of his total income to charity.
Biden donated 0.007% of his total income to charity.
My goodness. How cheap can you get?
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How much did you donate?
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How much did you donate?
How much did you?
I didn't keep tabs on mine as I didn't file it for a tax deduction, but I estimate it at about 2-3% of my net income.
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About $300, less then 1% of mine.
I'll never chastise anyone for their charitable donations, no matter how little it is. And as for the President, he donated quite a bit.
Edit: It was actually closer to $500. So maybe 1.5%ish.
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How much did you donate?
Typically 15%+.
Edit: Here's my problem with what they give: For a group of individuals who go around claiming how much excess the wealthy have and how they need to be willing to use that money to assist others who are in need, libs are some of the most tight-fisted pricks on the planet. Don't sit there and tell me that corps are mistreating people and the wealthy are keeping too much of their money while you're making what most Americans consider to be mega-bucks and pocketing enough to feed several dozen families. Either live up to what you're preaching or shut up.
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Here's my problem with what they give: For a group of individuals who go around claiming how much excess the wealthy have and how they need to be willing to use that money to assist others who are in need, libs are some of the most tight-fisted pricks on the planet. Don't sit there and tell me that corps are mistreating people and the wealthy are keeping too much of their money while you're making what most Americans consider to be mega-bucks and pocketing enough to feed several dozen families. Either live up to what you're preaching or shut up.
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I agree.
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Maybe they just didn't claim all of their donations. In fact, if you claim a donation, doesn't it then become a write off and you get money back on it? So wouldn't it be more charitable to not claim donations?
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Maybe they just didn't claim all of their donations. In fact, if you claim a donation, doesn't it then become a write off and you get money back on it? So wouldn't it be more charitable to not claim donations?
"In fact, if you claim a donation, doesn't it then become a write off and you get money back on it?"
Wha.....? Get money back on it from whom?
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Maybe they just didn't claim all of their donations. In fact, if you claim a donation, doesn't it then become a write off and you get money back on it? So wouldn't it be more charitable to not claim donations?
You mean like the Clintons, who got deductions for DONATED UNDERWEAR?
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I give a lot of clothes and household goods to women's shelter here, but I don't itemize the stuff. I just give a rough value to it, way less than it's worth, so I don't have to worry about it. I usually give a whole lot of money to charity, but unfortunately, this last year I just couldn't. It is looking like I will be giving even less this coming year, unless business changes a whole lot. If it doesn't, I am going to be the one asking for charity. :censored: Seriously, though, the libs are usually the stingiest of all people. There are exceptions, of course, but most don't believe in being charitable as they aren't religious.