Gifts to Charity Far Above Average
BY JOHN D. MCKINNON
Mitt Romney's tax returns show he pays a relatively low tax rate and gives a relatively high percentage of his income to charity. President Barack Obama pays a far higher tax rate, but gives less.
The numbers will be fuel for a debate over how much wealthier Americans should contribute in taxes. Conservatives argue taxpayers should be allowed to keep more of their money, which they in turn can distribute as they see fit. Liberals see the government as a more effective guarantor of the social safety net, and would prefer wealthier Americans bear the burden of supporting it. http://online.wsj.com/article/SB10001424052970204624204577181460356241588.html?mod=googlenews_wsj
Republican presidential candidate Newt Gingrich and his wife reported giving 2.6 percent of their $3.1 million adjusted gross income to charity in 2010, http://www.investmentnews.com/article/20120123/FREE/120129980
Jan. 24 (Bloomberg) -- Republican presidential candidate Mitt Romney donated $7 million to charity in the past two years, more than the $6.2 million the candidate and his wife paid in federal taxes in that period, documents the campaign released show.
http://www.businessweek.com/news/2012-01-25/romney-tax-returns-show-7-million-in-donations-over-2-years.html
Libs outsource their compassion to the government. Voting for Democrats allows them to ignore their fellow man. It even permits them to be truly nasty to others because once every four years they “do the right thing.”
When government "helps" the needy, no one gets blessed. There is no giver, since taxes are paid under threat of force. And ultimately, there is no "receiver" either, as those being helped come to expect it as their due from the nameless, faceless goverment.
Nothing new. Been that way ever since I can remember.