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Not Feeling Very Charitable...

I've had a rough week. I ended up pulling some hefty hours at The Day Job and Mongo decided to eat his starter motor, so I've been burning the old Granite Candle at both ends and am looking at the middle. So I have this idea for a posting, but lack the time and energy to fully flesh it out, so I'm going to resort to the old dodge "I'm just asking questions" instead of actually researching the full matter.

Well, we now have the tax returns of the three people who are the leading candidates to be our next president, and it's rather entertaining. And educational.

The Democrats always claim to be the party of the common person, the little guy, the average folk (when they're not being all bitter and clingy, that is.) So isn't it funny how the Democrats each pulled in several million last year, while the Republican netted less than half a million?

Htey all gave decent amounts to charities, too. But I'd be interested in seeing what percentage of Obama's charitable contributions went to his church (which he never attended whenever Reverend Wright went on one of his nutsy rants), what percentage of the Clintons' donations went to the Clinton Foundation, and what percentage of the Clinton Foundations's revenues went towards actual good causes? (The touchstone here is the Salvation Army, which -- the last time I checked -- funnels 95% of its donations into its works, with only about 5% consumed in overhead.)

Wouldn't it also be fun to take Clinton's and Obama's tax plans, and see how it would affect their own income directly? After all, they both qualify as "rich" by their own standards, so they should expect a good soaking.


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Comments (15)

To be fair it should be not... (Below threshold)
Jeff:

To be fair it should be noted that Hillary and Bill file jointly so much if not most of their income is derived from his speaking engagements. Also McCains wife files seperately from John so her income is not included in his total. (She is worth upwards of 100 million so her earnings are pretty big).
Obama is actually the only one who personally earns the biggest piece of his families income (those books) ...

The rich are people who mak... (Below threshold)
jpm100:

The rich are people who make just enough money to not be able to exploit loopholes.

BTW, McCain made his money the old fashioned way, he married it.

I understand that McCain's ... (Below threshold)
Ted:

I understand that McCain's return didn't include his wife's income. It was strictly his own.

Such a childish view on wea... (Below threshold)
SteveC:

Such a childish view on wealth there jpm. Not surprised.

Financially, I feel a lot c... (Below threshold)
COgirl:

Financially, I feel a lot closer to McCain than either of the Dem candidates. I wonder why they think they can speak for me or anyone who makes less that I do? I guess I'm feeling that if they want to redistribute their income and wealth, they should go for it, but they shouldn't feel that obligates me to go along for the ride.

"So isn't it funny how the ... (Below threshold)
jp2:

"So isn't it funny how the Democrats each pulled in several million last year, while the Republican netted less than half a million?"

Ummm...are you deliberately ignoring McCain's financial situation? Amazing medical case of willful blindness - or just a case of poor, poor writing.

Anyways, as the others have pointed out to you, he has AT LEAST $100 million in the bank via his wife. It's funded his entire political career.

"Wouldn't it also be fun to take Clinton's and Obama's tax plans, and see how it would affect their own income directly?"

IOKIYAR


"It's OK If You're Attackin... (Below threshold)

"It's OK If You're Attacking Republicans?" I don't quite see how it applies to your point, jp2, but feel free to bring it up...

J.

I don't think you know what... (Below threshold)
jp2:

I don't think you know what attacking a Republican is JT.

A poor joke nonetheless. Aren't you the funny one here?

All I know is Obama should ... (Below threshold)
hcddbz:

All I know is Obama should be giving more of his own money to the poor around the world.

http://www.taxfoundation.org/blog/show/23097.html

Before he mandates the use do so.

http://www.wnd.com/index.php?fa=PAGE.view&pageId=56405

I don't think you know what... (Below threshold)
SPQR:

I don't think you know what having a point is, jp2.

How ironic that earlier thi... (Below threshold)
epador:

How ironic that earlier this afternoon at the video store parking lot (flash to an imaginary Roger Corman remake - Death Race 2008; or George A Romero - Diary of the Dead Ideas) I remarked "Isn't it sad that the only three people seriously running for President are all multimillionaires?"

Sorry JT, but I'm more impressed by net worth than annual income. They are all filthy rich folks. Its hard to remember when someone who wasn't ran for president with any hope of winning.

The Democrats always cla... (Below threshold)
Brian:

The Democrats always claim to be the party of the common person, the little guy, the average folk (when they're not being all bitter and clingy, that is.) So isn't it funny how the Democrats each pulled in several million last year, while the Republican netted less than half a million?

As others pointed out, you conveniently ignore McCain's wife's contribution to his wealth. And you are many things, Jay, but you're not a stupid man. So that was clearly not an oversight.

But you also ignore the question of how they got their money. Who do you think better understands the common person... those who came from poor or single family households, had to fight for opportunities, and self-made their fortunes (Obama, Edwards)? Or those who were born or married into it (McCain, Bush)?

And who better represents the supposed Republican position of being responsible for your own place in life vs. having your entitlements handed to you?

"I'm just asking questions."

Here is a different take, h... (Below threshold)
Pete Author Profile Page:

Here is a different take, how many deductions do they claim? Do they just declare their income and pay the tax on it or do they itemize and claim every available deduction?

The silence is deafening. O... (Below threshold)
jp2:

The silence is deafening. Once again, called out.

I think it make no differen... (Below threshold)
hcddbz:

I think it make no difference born rich born poor married into whatever. None of that is the only factor in making you the person you are. It easy to say all rich guys are bastards and poor people are the slat of the earth. Neither is absolutely true.

The issue for the Democrats is they preach class warfare yet they are rich themselves. Republicans mostly are not eat the rich so if they make money who cares.

I look at the candidates and Obama concerns me. He is a follower of Saul Alinksy who teaches how to present the perfect image to subvert the establishment by appear perfectly as one of them. Bill Ayers fits this role as well as his pastor and he received support Democratic Socialist of America.

My concerns is that he wants to take .7 of the GNP and send it to other countries on top of foreign aid we already give. Another is his belief in fairness. He uses the Capital Gains tax in the debate. He does not want to increase the money that federal revenue is getting he claims that he want to punish head fund managers because they pay less in taxes than their secretaries . However we are talking two different things income and capital gains if the secretaries sold share they are taxed at the same rate as their boss. As for the income tax well that all dependent on how much is gets paid. However since Barrack does not own stock he clueless about it However maybe he just being the good Marxist he always wanted to be.


To avoid being mistaken for a sellout,I chose my friends carefully.The more politically active black students.The foreign students.The Chicanos.The Marxist Professors and the structural feminists and punk-rock performance poets.We smoked cigarettes and wore leather jackets.At night,in the dorms,we discussed neocolonialism,Franz Fanon,Eurocentrism,and patriarchy.When we ground out our cigarettes in the hallway carpet or set our stereos so loud that the walls began to shake,we were resisting bourgeois society's stifling constraints.We weren't indifferent or careless or insecure.We were alienated.
Dreams from My father by Obama.




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