Yes, Senator Joe Biden who's been in Washington for over 30 years gives on average per year, .0015% of his adjusted gross income to charity.
What a freakin schmuck!!!
Last Friday, Sen. Joseph Biden, the Democratic candidate for vice president, released his tax returns for the years 1998 to 2007. The returns revealed that in one year, 1999, Biden and his wife Jill gave $120 to charity out of an adjusted gross income of $210,979. In 2005, out of an adjusted gross income of $321,379, the Bidens gave $380. In nine out of the ten years for which tax returns were released, the Bidens gave less than $400 to charity; in the tenth year, 2007, when Biden was running for president, they gave $995 out of an adjusted gross income of $319,853.
Here is a chart of the Bidensâ giving for the years covered by the tax returns:
Adjusted
Gross Income Charity
1998 $215,432 $195
1999 $210,797 $120
2000 $219,953 $360
2001 $220,712 $360
2002 $227,811 $260
2003 $231,375 $260
2004 $234,271 $380
2005 $321,379 $380
2006 $248,459 $380
2007 $319,853 $995
Total $2,450,042 $3,690
To take Bidenâs worst year, 1999, one percent of his adjusted gross income would have been $2,100. One half of one percent would have been $1,050. One quarter of one percent would have been $525. One eighth of one percent would have been $262. And one sixteenth of one percent would have been $131 â still a bit more than the Bidens gave.
To take Bidenâs best year, 2007, one percent of his adjusted gross income would have been $3,190. One half of one percent would have been $1,595. One quarter of one percent would have been $797 â a figure Biden surpassed by nearly $200.
Looking at the ten-year total of Bidenâs giving, one percent would have been $24,500. One half of one percent would have been $12,250. One quarter of one percent would have been $6,125. And one eighth of one percent would have been $3,062 â just below what Biden actually contributed.
âThe average American household gives about two percent of adjusted gross income,â says Arthur Brooks, the Syracuse University scholar, soon to take over as head of the American Enterprise Institute, who has done extensive research on American giving. âOn average, [Biden] is not giving more than one tenth as much as the average American household, and that is evidence that he doesnât share charitable values with the average American.â
A spokesman for Biden, David Wade, says the figures on Bidenâs tax return do not reflect the true extent of his giving. âThe charitable contributions claimed by the Bidens on their tax returns are not the sum of their annual contributions to charity,â Wade said in a statement to NRO. âLike most regular churchgoers, they contribute to their church, and they also contribute to their favorite causes with their time as well as their checkbooks, whether itâs [Jill] Bidenâs volunteer work with military families or the Biden breast-health initiative, or the way in which the family pitched in driving supplies to the Gulf Coast after Hurricane Katrina, or the ways Sen. Biden has supported charities that help women, police, and veterans.â
Wade also suggests that Biden, who is famous for being the least wealthy member of the U.S. Senate, simply doesnât have piles of money to give. âLike a lot of families that put three kids through college and have an aging parent move in with them, the Bidens arenât divorced from the realities of everyday life,â Wade says. Still, Wade continues, âfinding ways to give back is important to them.â
So far, at least, Bidenâs tax returns have attracted little attention. On Saturday, the Washington Post published a 468-word story on the subject, the main point of which was that the release of Bidenâs returns was an effort by the Obama campaign to pressure the McCain campaign to release Sarah Palinâs returns. After a few brief paragraphs on Biden, the rest of the story concerned Palin, reporting that âprogressive groupsâ are eager to find out whether Palin âskirted tax obligationsâ on the per diem payments she received from the Alaska state government. The story made no mention of Bidenâs charitable giving.
But for people who have studied the impressive generosity of the American public, there is news in Bidenâs returns. âIâm not going to say heâs a bad guy,â says Arthur Brooks. âMy only point is that his values are not typical American values when it comes to charitable giving. Americans in general are very generous.â
What a freakin schmuck!!!
Last Friday, Sen. Joseph Biden, the Democratic candidate for vice president, released his tax returns for the years 1998 to 2007. The returns revealed that in one year, 1999, Biden and his wife Jill gave $120 to charity out of an adjusted gross income of $210,979. In 2005, out of an adjusted gross income of $321,379, the Bidens gave $380. In nine out of the ten years for which tax returns were released, the Bidens gave less than $400 to charity; in the tenth year, 2007, when Biden was running for president, they gave $995 out of an adjusted gross income of $319,853.
Here is a chart of the Bidensâ giving for the years covered by the tax returns:
Adjusted
Gross Income Charity
1998 $215,432 $195
1999 $210,797 $120
2000 $219,953 $360
2001 $220,712 $360
2002 $227,811 $260
2003 $231,375 $260
2004 $234,271 $380
2005 $321,379 $380
2006 $248,459 $380
2007 $319,853 $995
Total $2,450,042 $3,690
To take Bidenâs worst year, 1999, one percent of his adjusted gross income would have been $2,100. One half of one percent would have been $1,050. One quarter of one percent would have been $525. One eighth of one percent would have been $262. And one sixteenth of one percent would have been $131 â still a bit more than the Bidens gave.
To take Bidenâs best year, 2007, one percent of his adjusted gross income would have been $3,190. One half of one percent would have been $1,595. One quarter of one percent would have been $797 â a figure Biden surpassed by nearly $200.
Looking at the ten-year total of Bidenâs giving, one percent would have been $24,500. One half of one percent would have been $12,250. One quarter of one percent would have been $6,125. And one eighth of one percent would have been $3,062 â just below what Biden actually contributed.
âThe average American household gives about two percent of adjusted gross income,â says Arthur Brooks, the Syracuse University scholar, soon to take over as head of the American Enterprise Institute, who has done extensive research on American giving. âOn average, [Biden] is not giving more than one tenth as much as the average American household, and that is evidence that he doesnât share charitable values with the average American.â
A spokesman for Biden, David Wade, says the figures on Bidenâs tax return do not reflect the true extent of his giving. âThe charitable contributions claimed by the Bidens on their tax returns are not the sum of their annual contributions to charity,â Wade said in a statement to NRO. âLike most regular churchgoers, they contribute to their church, and they also contribute to their favorite causes with their time as well as their checkbooks, whether itâs [Jill] Bidenâs volunteer work with military families or the Biden breast-health initiative, or the way in which the family pitched in driving supplies to the Gulf Coast after Hurricane Katrina, or the ways Sen. Biden has supported charities that help women, police, and veterans.â
Wade also suggests that Biden, who is famous for being the least wealthy member of the U.S. Senate, simply doesnât have piles of money to give. âLike a lot of families that put three kids through college and have an aging parent move in with them, the Bidens arenât divorced from the realities of everyday life,â Wade says. Still, Wade continues, âfinding ways to give back is important to them.â
So far, at least, Bidenâs tax returns have attracted little attention. On Saturday, the Washington Post published a 468-word story on the subject, the main point of which was that the release of Bidenâs returns was an effort by the Obama campaign to pressure the McCain campaign to release Sarah Palinâs returns. After a few brief paragraphs on Biden, the rest of the story concerned Palin, reporting that âprogressive groupsâ are eager to find out whether Palin âskirted tax obligationsâ on the per diem payments she received from the Alaska state government. The story made no mention of Bidenâs charitable giving.
But for people who have studied the impressive generosity of the American public, there is news in Bidenâs returns. âIâm not going to say heâs a bad guy,â says Arthur Brooks. âMy only point is that his values are not typical American values when it comes to charitable giving. Americans in general are very generous.â