If You're Going To Make This An Issue
So the left and the media (pardon the redundancy) is making a BIG DEAL over the fact that GOP candidate Mitt Romney is worth somewhere in the range of $190 to $250 million dollar range. Well if they are going to make the net worth an issue, then maybe it is time to make the entire tax record an issue - specifically the fact that, unlike the Democrat incumbents, Mitt Romney puts his money where his mouth is when it comes to helping the needy.
Republican presidential candidate Mitt Romney donated $7 million to charity in the past two years, more than the $6.2 million the candidate and his wife paid in federal taxes in that period, documents the campaign released show.
Romney and his wife, Ann, who jointly file taxes, gave $1.5 million cash in 2010 and $2.6 million cash in 2011 to the Church of Jesus Christ of Latter-Day Saints, the tax documents show.
In total, the Romneys donated about 16.4 percent of their adjusted gross income of $42.5 million in the two-year period, according to their 2010 tax returns and an estimate for 2011 taxes. The 2010 return shows $3 million in charitable contributions, and the 2011 estimate shows $4 million....
...The remaining deductions for donations are listed as noncash charitable contributions, including tens of thousands of shares of stock in Domino’s Pizza, Senasata Technologies, Dunkin Donuts and Warner Chilcott that went to his family’s Tyler Foundation, based in Boston. Romney’s Bain Capital acquired those companies, records show.
Emphasis mine. And how does that compare to the caring, compassionate residents of 1600 Pennsylvania Ave?
President Barack Obama and his wife Michelle paid nearly $1.8 million in federal taxes on adjusted gross income of over $5.5 million in 2009, and gave $329,100 to charity, while Vice President Joe Biden and his wife paid over $71,000 in taxes on adjusted gross income of over $333,000, and gave $4,820 to charity, The New York Times reported April 15 (see Obama tax return story). Obama did not have to report $1.4 million he won for receiving the Nobel Peace Prize because he asked the Nobel Committee to give it directly to charity.
That is roughly 5.9% of the Obama's income and 1.4% for the Biden's. Even the Logical Household (which brings in significantly less than the Biden's do) gave more as a percentage of income to charity the the Obama's and the Biden's COMBINED.
And as the NYTimes reported back in 2008, the Obama's donations to charity "spiked" only once he started running for office.
Senator Barack Obama and his wife, Michelle, sharply increased their charitable donations as Mr. Obama began to run for president and the family’s income increased from book sales, according to tax returns that the couple released on Tuesday.
The Democrats love to boast about how much they care however, when push comes to shove, they only care with other people's money.