Vice President Joe Biden and his wife, Jill, have filed their 2011 taxes. And over at the Carpe Diem blog, their charitable giving from 1998 has been displayed in a handy graph.
I'll summarize it here, but you should definitely check out Mark Perry's blog, which is excellent.
It's simple. The Bidens made in excess of $200,000 annually since 1998. That's rich, according to Obama. But their charitable contributions never once exceeded $400. That's right. Out of an annual pay packet of $200,000+, they never parted with more than $400.
Then, like Paul on the road to Damascus, in 2007, they saw the light. On the eve of the 2008 presidential campaign -- Biden was a candidate, right? -- they bumped up the giving to almost $1000.
And from 2008 to today, they've given more each year, reporting $5500 for 2011.
Times are tough, right? So pretty much everyone in their bracket has slowed down the giving, right?
In the Biden bracket, from 1998 to about 2005, the average charitable deduction was about $5000. From there it started to rise, and this year the average is $9500.
Joe Biden would rather give your money away than his. Nice to know.