Barack Obama has released his tax returns for the years 2000 through 2006, according to Paul Caron at Tax Prof Blog:
What is surprising, given the recent controversy over Obama's membership in the Trinity United Church of Christ, is how little the Obamas apparently gave to charity -- well short of the biblical 10% tithe for all seven years. In two of the years, the Obamas gave far less than 1% of their income to charity; in three of the years, they gave around 1% of their income to charity. Only in the last two years have they given substantially more as their income skyrocketed -- 4.7% in 2005 and 6.1% in 2006. (Of course, it is possible that the Obamas may have made gifts to other worthy causes that were not deductible for federal income tax purposes.)
Read the whole post at the link above, including a chart of income and charitable deductions and links to the actual returns.
Now that Obama's done, maybe Hillary can manage to get to the copy machine to release her own?
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Filed under:
2008 Presidential Race, Democrats, Obama
Tags: charity, Democratic presidential campaign, Obama, taxes
Comments (1)
I would note that the AP's ... (Below threshold)1. Posted by _Mike_ | March 26, 2008 8:10 AM | Score: 0 (0 votes cast)
I would note that the AP's characterization Obama increases charitable giving) is notably different from Paul Caron's, but I'm sure it was ineptitude and not bias on the AP's part.
1. Posted by _Mike_ | March 26, 2008 8:10 AM |
Score: 0 (0 votes cast)
Posted on March 26, 2008 08:10