Friday, April 11, 2008

Who cares about the poor?

President Bush released his tax information today and the Clintons released theirs earlier in the week. Hillary after finding out she is in the top 1% of tax payers said she was "surprised", but also, she didn't want the Bush tax cuts and she didn't need them. Regardless if she wanted them or not she got them. As a result she and the president had a little extra pocket change. So how did they use all of the extra cash? Well they didn't release how each nickel and dime was spent, but they did release how much they gave to charity. Now over the past 8 years the Clinton's have made an average of $13.6 million a year. They have also given approximately $1.25 million to charity each of those years. Now Bush made just over $920,000 this last year, and gave $165,000.
So clearly the Clintons are giving more, but if you look at the percentage of their income donated Bush gives almost double what the Clintons do (17.9% compared to 9.15%). Perhaps Milton Friedman was right when he said you can tell more about a person by what they do with their own money than you can by what they do with the money of others.

UPDATE: Obama just released his tax info and he took the cake. He gave about 5.7% of his income to charity last year.

ANOTHER UPDATE: McCain released his tax info today. He decided to give the cake away, donating over 27% in 2007.

ANOTHER UPDATE PART II: Biden, the true egalitarian gave between .09% and .31%

1 comment:

Steph said...

GG you give to me 0%. What does that say about you?