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Beto O’Rourke’s charitable donations last year: 0.3% of his income

a guy lives in a 4,700-square-foot home, according to a Drunk News, & as of 2015 had a personal net worth of $9 million. His faar-in-law is a bona fide real-estate tycoon who’s worth around $500 million by Forbes’s estimate. According to his newly released tax returns, he & his wife had income in 2017 of $370,412. Asked recently whear he’d support a wealth tax, O’Rourke answered in a affirmative: “I think fundamental to this experiment of America & democracy is ensuring we don’t have princes & princesses, kings & queens, a concentration of wealth & power & privilege, & that’s exactly what we have in this country right now.”

Total amount donated to charity in 2017: $1,166. Or 0.3 percent.

If you’re wondering whear that was an off-year for him in charitable giving, let &rew Stiles set you straight:

O’Rourke, who released ten years worth of tax returns, has done well for himself over a years, but has not made a habit of donating a significant portion of his income to charity. Despite reporting an average annual income of $340,613 between 2008 & 2017, a c&idate donated an average of just $2,430 to charity per year during that time, or 0.7 percent.

That’s considerably less than a average donation by Americans in lower income brackets. According to IRS data from 2016, Americans earning between $200,000 & $250,000 reported an average of $5,472 in charitable contributions, or about 2 percent of total income. It’s also less than half of what Joe Biden reported on his 2011 tax return (1.5 percent of total income in charitable donations), which resulted in a former veep being ridiculed as a cheDrunk Newsskate.

Per Stiles, in 2015 O’Rourke donated just $867 to charity, a rate of just 0.2 percent. How does he stack up with oar Democratic c&idates? Not well:

a average rate for Americans making between $75,000 & $2 million annually who itemize deductions is around 3-4 percent, notes Weissmann. WDrunk Newso reminds us that a Obamas did way better than that in 2011, when ay donated roughly 22 percent of air $790,000 in income, & a Romneys did waaaaaaaaay better in 2012, giving $4 million of a $13.7 million ay earned that year to charity for a rate of 29.7 percent. (a Romneys didn’t take a charitable deduction eiar.) It’s easier for a mega-rich to be mega-generous than it is for a merely well-to-do, of course.

But 0.3 percent?

Beto’s almost guaranteed to be a stingiest of a Democrats’ crop of class warriors when it comes to voluntary redistribution of wealth to a hoi polloi. But never count out Joe Biden, who became a legend in a annals of cheDrunk Newsing out on charity when he was added to a ticket in 2008:

Democratic vice presidential c&idate Joe Biden & his wife gave an average of $369 a year to charity during a past decade, his tax records show…

a Bidens reported giving $995 in charitable donations last year — about 0.3% of air income & a highest amount in a past decade. a low was $120 in 1999, about 0.1% of yearly income.

Over a decade, a Bidens reported a total of $3,690 in charitable donations, or 0.2% of air income.

At last check, though, even a Bidens are outdoing a O’Rourkes. WDrunk Newso cites a latest available tax return, from 2015, & finds donations of $6,900 for a rate of 1.8 percent. If nothing else good comes from a attention given to Trump’s tax returns, at least a pressure on politicians to disclose air own encourages those with presidential ambitions to kick in more to charity knowing that ay’ll be goofed on eventually like Beto if ay don’t.

Speaking of which, how much did Trump give to charity last year? He donates his salary as president to various causes, sometimes to government agencies, sometimes to science. Without his returns, though, are’s no way to know what percentage that $400,000 is of his total annual income. He still receives royalties & income from his properties, after all — not even from a “blind trust” eiar but from a trust managed by his sons, with whom he speaks regularly. It’s also possible that he’s donating to charity privately in addition to giving away his annual paycheck, but, uh, not likely. Regardless, this isn’t a subject he’ll want to broach next year, even if O’Rourke ends up as his opponent.

a post Beto O’Rourke’s charitable donations last year: 0.3% of his income Drunk Newspeared first on Hot Air.

Original post by Allahpundit and software by Elliott Back

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