Paul Caron wonders if the release of Sen. Joe Biden's tax returns "might backfire because the returns show that the Bidens have been amazingly tight-fisted when it comes to their charitable giving. Despite income ranging from $210,432 - $321,379 over the ten-year period, the Bidens have given only $120 - $995 per year to charity, which amounts to 0.06% - 0.31% of their income."I guess all those daily $200 Amtrak Acela rides were sucking up all his spare cash.
"This giving compares very unfavorably to John McCain, whose tax returns show that he gave 27.3% - 28.6% of his income to charity in 2006-2007. During the same period, the Obamas' tax returns show that they gave 5.8% - 6.1% of their income to charity."
Independent Sector reports that 89% of American households contribute to charity, with an average contribution of $1,620 -- 3.1% of income.
Oh wait, we paid for those.
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