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Old 03-27-2008, 07:22 AM   #11
Scrooge McSam
What?
 
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Join Date: Jan 2005
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You're easily amazed, obviously.

From the Bloomberg article source cited on Huffpo...

Quote:
The Obamas increased the amount they gave to charity when their income rose in 2005 and 2006 after the Illinois senator published a bestselling book. The $137,622 they gave over those two years amounted to more than 5 percent of their $2.6 million income.

Bill Burton, a campaign spokesman, said the Obamas gave as much as they could afford. He also said the Obamas gave $240,000 to charity in 2007, though they have yet to make last year's tax returns public.

``As new parents who were paying off their large student loans, giving $10,000 to charity was as generous as they could be at the time,'' Burton said. The tax returns don't reflect any donations for which they didn't or couldn't claim a deduction or any volunteer work they might have performed.

The Obamas' giving pattern is consistent with that of most other Americans, said University of Georgia Professor Russell James, who has studied the issue.

His analysis of more than 56,000 survey respondents from 1995-2005 found that 90 percent of donors give 2 percent or less of their pre-tax income to charities, including their churches. Americans who earn more than $150,000 on average gave about 2.2 percent of their income.

``It's not shocking,'' James said of the Obamas' philanthropy. ``It's about par for the course for Americans.''
Quote:
Originally Posted by scaeagles
That's lame. Sorry, but for a couple to make that much and give so little is lame.
Hehehe What's amazing is you're saying you're "sorry" to say this. Good stuff, Leo.

You've done your hit piece for the day. Have a good one.
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