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Joined: Feb 2006
Posts: 130
Jellyfish
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OP
Jellyfish
Joined: Feb 2006
Posts: 130 |
Here is a chart of the Bidens� 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
�The average American household gives about two percent of adjusted gross income,� 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. �On average, [Biden] is not giving more than one tenth as much as the average American household, and that is evidence that he doesn�t share charitable values with the average American.�
I'm not buying the argument that he does all this charitable work that isn't claimed on his taxes. If he's giving any more than $1 or $2 at church they would provide tax statements for all contributions. His sons are 39- and 38-years old. His daughter is 27-years-old, so it's not like he's still putting them through college.
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Joined: Aug 2008
Posts: 318
Shark
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Shark
Joined: Aug 2008
Posts: 318 |
When we tithe, we don't take it off on our taxes and trust me, it can add up to be a lot, but we just don't do that. How can we know for sure that he doesn't tithe or give and not report it on his taxes?
Michelle
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Joined: Oct 2005
Posts: 235
Shark
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Shark
Joined: Oct 2005
Posts: 235 |
Michelle, Just out of curiosity, why don't you deduct contributions on your taxes?
The only reason that I can see for not deducting contributions would be if you don't itemize but clearly Biden itemizes so this deduction is available to him.
Kay
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Joined: Aug 2008
Posts: 318
Shark
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Shark
Joined: Aug 2008
Posts: 318 |
Just that, we don't itemize. My husband doesn't think it is worth it I guess.
Michelle
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Joined: Sep 2005
Posts: 7,189
BellaOnline Editor Chimpanzee
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BellaOnline Editor Chimpanzee
Joined: Sep 2005
Posts: 7,189 |
Michelle, this is totally OT for this topic - but deducting your tithing and offerings can make a HUGE difference on your tax return.
We used to not claim our church tithes either, but then one year we had a professional CPA trade off doing our taxes for my hubby rebuilding her computer. Between our mortgage, claiming me and 2 kids (my other child gets claimed by his dad) and our tithing - it droppes our tax percentage from the average 30% to around 10%.
Try doing turbo-tax just one year, and take the time to itemize donations, and see what a big difference it makes.
OK - back to Biden - I haven't looked at his history yet, but does he have any charities that he's on the board of or helps run? Those might not be listed in public records on how much he donates. Just a thought. His stated donations do seem rather skimpy, but it is so hard to judge other's givings.
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Joined: Oct 2005
Posts: 235
Shark
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Shark
Joined: Oct 2005
Posts: 235 |
Yep. Depending on your situation, it may not be feasible. The reason contributions are included as a deduction is to encourage people to contribute to charitable causes. However, the deduction is only available to people that are able to itemize. In my opinion, we should make this deduction available to everyone. At one time (maybe 20 or so years ago) it was available to everyone but then the law changed.
Back to Biden, has he indicated he has donated to causes that are not reflected on his return? Have these causes (organizations) concurred his contribution? If not, then it makes it hard to argue that he has made charitable contributions that are not reflected on his tax return.
Kay
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Joined: Nov 2004
Posts: 4,607
Elephant
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Elephant
Joined: Nov 2004
Posts: 4,607 |
i wish there was a way to get a deduction for charitable contributions made in the form of time. I gave 20 hours a week to a radio for the blind for 3.5 years. There is no dollar amount that can be deducted. Did anyone think of time donations that he could have contributed as well?
J. Ruel - Gay Lesbian News Editor Check out the latest article on the Gay Lesbian SITE or Join us in the FORUM Questions? Comments? Story Ideas? SUBMIT THEM HERE Former Editor of the HIV/AIDS, HAIR, HISPANIC CULTURE, and GAY LESBIAN RELATIONSHIPS sites here on BellaOnline!
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Joined: Sep 2005
Posts: 7,189
BellaOnline Editor Chimpanzee
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BellaOnline Editor Chimpanzee
Joined: Sep 2005
Posts: 7,189 |
i wish there was a way to get a deduction for charitable contributions made in the form of time. I gave 20 hours a week to a radio for the blind for 3.5 years. There is no dollar amount that can be deducted. So true! It seems like they should figure out a way to do that. Like treat the hours volunteered as negative minimum wage or something. Or just add it up as hours x minimum wage and then deduct that amount just like you would a dollar amount. There are so many people that do give of their time, it just seems like it would be fair to reward them for doing such wonderful work!
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Joined: Apr 2002
Posts: 332
Shark
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Shark
Joined: Apr 2002
Posts: 332 |
Don't forget you can deduct mileage for charitable activities.
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Joined: Nov 2004
Posts: 4,607
Elephant
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Elephant
Joined: Nov 2004
Posts: 4,607 |
yes, mileage. However, you cannot deduct miles to and from the location if your donation of time is at a place, verses driving people around or delivering goods. I looked into the mileage thing. But yes, people should deduct their miles. It's a little way of getting back for giving.
J. Ruel - Gay Lesbian News Editor Check out the latest article on the Gay Lesbian SITE or Join us in the FORUM Questions? Comments? Story Ideas? SUBMIT THEM HERE Former Editor of the HIV/AIDS, HAIR, HISPANIC CULTURE, and GAY LESBIAN RELATIONSHIPS sites here on BellaOnline!
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