Tuesday, September 16, 2008

Income, Giving, Biden, Democrats

Joe Biden and American Charity by Byron York on National Review Online

Joe Biden is one of those really nice Democrats. He makes about $250K a year, yet only finds it in his heart to give $300 or so to charity. He believes that "Charity begins in Washington" I suppose. It is also odd that something in the $200K+ income range is suddenly "poor" when it is associated with a Democrat.

That is VERY odd considering that the TOP income group in the US looks as follows:


Note that nearly 10% of the US population makes from 100-149K! Do you know why that is? Hint, Hint -- at $150K the cutoff for a WHOLE bunch of things like Roth IRA's kick in. I'm SURE that has NOTHING to do with it though, because "people aren't negatively affected by government tax policy"! Just ask BO and the MSM.

Note also though that > $200K puts you in the Top 2% of earners! So "poor Joe"-he is in the top 2% of earners, yet he is "poor", and his chairity contributions don't need to be scrutinized.

Here is a chart of the Bidens’ giving for the years covered by the tax returns copied from the article:

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