Monday, April 18, 2011

President Obama's charitable contributions

Well ... I just read the first thing that I've read in a long time that made me glad that I voted for President Obama.  Here's the link.

http://content.usatoday.com/communities/theoval/post/2011/04/obamas-income-17m-tax-bill-453770/1

It talks about the Obamas' personal income tax returns for 2011.  They had adjusted gross income of $1,728,096.  They paid $453,770 (a little over 26%) in total federal taxes.  But here's what I was pleased about:  They made charitable contributions of $245,075 -- about 14% of their adjusted gross income.  If all of the rich people in the country made charitable contributions at that level, all of the fine folks who help the less fortunate would have a whole lot more to work with, and ... IMHO ... our country would be a whole lot better place.

Just MHO, of course.

Lucien

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