Who Walks the Walk
By bobmnu
@bobmnu (8157)
United States
September 18, 2008 1:42am CST
It is interesting that Senator Obama wants everyone to help the poor and less fortunate. He wants to do this with increased taxes and tax credits to people who are in poverty. Some Call this income redistribution.
President Bush beleives that we should help the less fortunate except he wants to let the individual people decide how to give the money.
Senator McCain also beleives in helping the less fortunate. He thinks it is up to the individual to decide how this should happen.
http://firstread.msnbc.msn.com/archive/2008/04/18/916355.aspx
If you check the income tax return and how much each one donates you get a very interesting picture. Senator Obama wants to use you tax money and not his own. From 2000 to 2004 he donated from 0.4% to 1.4% of his income. In 2005 he gave 4.1% and in 2006 he gave 6.1%.
http://taxprof.typepad.com/taxprof_blog/2008/03/obama-releases.html
President Bush gave 18% in 2007
http://www.huffingtonpost.com/2008/04/11/bush-cheney-tax-returns-r_n_96268.html
Senator McCain is the best giver donating in 2006 19% and in 2007 27.2%.
Senator Obama wants to be very generous with your money but wants to keep as much of his money as possible. Both Laura Bush and John McCain have donated almost all their book profits to charity.
3 people like this
6 responses
@Destiny007 (5805)
• United States
18 Sep 08
This is just more proof that 0bama is a lot of empty rhetoric.
0bama is real big on talking about charity and how we seem to owe the rest of the world a living because of our relative wealth through things like the Global Anti-Poverty Act, yet when it comes down to looking act the records, this shows that he does not practice what he preaches.
So much for the perception that he "cares" more than McCain.
1 person likes this
@Destiny007 (5805)
• United States
19 Sep 08
Considering the organizations involved in his community activism, like ACORN and the voter fraud that they have been convicted of... I would say that you have yet to be enlightened, and are quaffing the socialist koolaid deeply.
His tax records speak for themselves.
@soccermom (3198)
• United States
20 Sep 08
I just looked at ACORNS home page to see what they are up to, and didn't see anything "radical", unless you consider minimum wage advocacy, fighting against payday lending practices and trying to get more hospitals to offer care for poor and uninsured people some major leftist movement.
As far as voter fraud goes, I'd like you to elaborate, because there are a couple of ways that could be discussed.
@soccermom (3198)
• United States
19 Sep 08
So just becasue he chose to give his time and ability to draw crowds to fundraise for organizations instead of opening his wallet and reaping some tax deductions it makes it any less charitable? So I guess that means all that time and effort I donate to various organizations instead of writing a check is just pointless. Thanks for enlightening me...
@soccermom (3198)
• United States
18 Sep 08
So you really got me thinking bob about something I hadn't thought too much about. So I started doing some research. Did you know that between 2001 and 2006 John Mcacin was the sole donor to the John and Cindy McCain Foundation (his wife is chairman and president). He donated $950,000 to this "charity". In respect to full disclosure there was one other donation, $100 by an anonymous donor. More than $500,000 of that money went to his childrens private schools, while they were attending there. So McCain gets major tax breaks by donating money to his own charity who supports the high end schools his kids attend? I wish I had his accountant. And then there's the donations that McCain made to the Schilling foundation in January, which came after Curt Schilling endorsed McCain and made commercials for him. And if I remember correctly all charitable donations are tax deductible, so it would make sense that McCain tops the list in contributions, him and Cindy have way more income than Obama, Bush or Biden. Possibly combined. Who wouldn't want that tax deduction?
Now in all fairness it appears that Obama didn't really start contibuting until he reached the US Senate. But the contributions have been to causes such as $45K to reading programs, $31K to an international aid group, and $5K to a dance troupe that Michelle serves on the board of directors for. Certainly not donations that benefitted them as greatly as McCains appear to. I also found out that Senator Obama has used his high profile to make speaking engagements at fundraisers, free of charge, for not for profit groups. And that draws more attention and money than just donating a few thousand dollars. Last time I checked you couldn't use time as a tax deduction.
Good discussion bob, it really shed some light on an issue I never would've really thought about.
1 person likes this
@spalladino (17891)
• United States
18 Sep 08
Good job researching that, soccermom. Things look different when the full light of day is shed on them but some folks don't like the light.
@bobmnu (8157)
• United States
18 Sep 08
I did some further checking and this is what I found. I got this information from the tax returns filed by the Foundation at the Foundation Finder website,
http://dynamodata.fdncenter.org/990s/990search/ffindershow.cgi?id=HENS011
I was able to look at the tax returns for 2001 to 2007. Some interesting things I found out.
1. During this time Foundation gave out $1,463,927 to charities including such groups as Project Smile (to correct Cleft Pallet in Third world Countries), and the HALO Foundation (Removal of land mines, and unexploded shells). Both groups that Mrs McCain does extensive volunteer work for.
1. $469,226 was given to the school where his children attended Including a $20,000 donation for building restoration. (Many people donate to Churches or to school foundation in excess of the cost of schooling for their children and for this the education becomes tax deductible)
2. His Donations to the US Naval Academy, his Alma Mater, was in 2001, 2002 for $210,000 each year for a conference. This was about 2 years before his son was appointed.
3. Many of the donations go to local groups for children.
Senator Obama and his wife reported AGI in the $200,000 range for 2001 to 2005, and gave between 0.4% to 1.4% and when he became a US Senator he started to increase his contributions. You failed to mention the $27,000 donation to his Church and the $13,000 donation to the Congressional Black Caucus which was to further his political career. It seems both are playing with the Tax Code.
The fact that Senator McCain is richer than Senator Obama the point I was making was the per cent of income they were donating to help others.
1 person likes this
@soccermom (3198)
• United States
18 Sep 08
I understand the point you are trying to make bob. But their income levels do play into it. In defense of Obama's donations to his church, the amount he gave is far less than the 10% most churches ask for.
I did not mean to put the McCain foundation down in any way, I just think that Xavier (his kids school) probably had a sufficient budget for building restoration, I would've rather heard that money went to a more worthy cause.
@twoey68 (13627)
• United States
1 Oct 08
I think that is a very important thing to look at. After all whoever our next President will be will be handling massive amounts of money. I'm all for helping out middle class ppl (as BO wants to do) but it's the lower class ppl that end up hit the hardest. While the middle class are upset b/c their vacation to Disneyworld might be off the lower class are trying to figure out how their going to pay their rent or buy food for their kids. I'd like to see a canidate that wants to start at the bottom and work up instead of starting at the top or middle and ignoring the bottom all together.
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