Romney gave millions to charity. Biden gave $369

andreboba said:
http://www.thedailybeast.com/articles/2010/04/16/the-stingiest-politicians.html

BTW, this article is from 2010.
You know you're being a hypocrite??
On the one hand with most of us outraged by the Travyon Martin murder, you and Paniro decry the plight of Black on Black crime being a greater tragedy and deserving more attention, and now you point out that Biden donated 1 percent of his roughly $200K income to charity as offensive, yet somehow you find this slight more outrageous than a major corporation with hundreds of millions in profits paying NO FEDERAL INCOME TAXES.

I find it more acceptable that Biden didn't exaggerate his charitable donations on his tax returns, rather than someone like Sarah Palin who claimed to have 'donated' $4k in clothing to the Salvation Army(GTFOH Sarah. Clothes??lol) when she was governor of Alaska.

FWIW, Biden's charitable donations in 2009 were over $4k.
Get off his tip, Iggy.:smt025
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Damn don't kill them with logic fam lol:smt070:smt070:smt070
 
jameswilson1 said:
I think companies who give charitable donations and make a societal impact should be applauded. But as a person who invests into a 401k for my retirement, those are just extras. I really only care about the company building revenue and profits so that the stock price grows. But to be fair I don't care about dividends either, I would rather them re-invest and continue to build the company.The company's financial success means that I can live comfortably and watch my grandkids grow up when I retire.

I think CEO compensation is a tough issue to debate. In some cases, CEO's are vastly overpaid and in some cases they deserve the millions they earn. I think it's a case by case basis. I think the European model makes it difficult to bring in top level talent.
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European firms bring in top talent, as evidenced by the prevalence internationally of European and Japanese managers. And note the over -representation of US get-rich-quick-style managers in the firms responsible for the global economic crisis.

Iggy said:
Boy this thread has really gotten off topic lol.

Let me say this again, Biden only gave $369 dollars to charity. What a cheapskate! haha
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Okay, back to the thread topic. Romney is a LOT more wealthy than Biden. Judging by their relative wealth, I bet the amounts are roughly an equivalent share of each person's income.
 
Alinoa said:
GE makes millions of dollars in profits a year and they pay next to nothing in taxes. Your point?
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That statement is ridiculous! GE's tax rate in 2011 was 29 percent. Their U.S. tax expense last year was $2.6 billion. Their overall tax rate both foreign and domestic was 7%. Oh and don't forget they employ 301,000 people worldwide. So people need to get their facts straight.
 
orejon4 said:
Okay, back to the thread topic. Romney is a LOT more wealthy than Biden. Judging by their relative wealth, I bet the amounts are roughly an equivalent share of each person's income.
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It is nowhere near equivalent. 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 in charitable contributions. If $369 is 16.4% of Biden's adjusted gross income then he needs to look for a new profession.
 
jameswilson1 said:
It is nowhere near equivalent. 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 in charitable contributions. If $369 is 16.4% of Biden's adjusted gross income then he needs to look for a new profession.
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If I recall correctly, he was one of the few senators who wasn't a multimillionaire. Obviously I'm using hyperbole, but you get my larger point.
 
jameswilson1 said:
That statement is ridiculous! GE's tax rate in 2011 was 29 percent. Their U.S. tax expense last year was $2.6 billion. Their overall tax rate both foreign and domestic was 7%. Oh and don't forget they employ 301,000 people worldwide. So people need to get their facts straight.
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The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.


http://www.nytimes.com/2011/03/25/business/economy/25tax.html?pagewanted=all


They pay taxes...yes...

but i think this thread has degenerated into based on the amount biden could have given vs how much he gave

GE is no different. Except they are slimey and corrupt and try to get OUT of paying taxes.
Whereas Biden actually gave a donation.
If youre going to base what someone should pay based on what they CAN pay, then the GE situation is more than relevant.
 
Alinoa said:
The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.


http://www.nytimes.com/2011/03/25/business/economy/25tax.html?pagewanted=all


They pay taxes...yes...

but i think this thread has degenerated into based on the amount biden could have given vs how much he gave

GE is no different. Except they are slimey and corrupt and try to get OUT of paying taxes.
Whereas Biden actually gave a donation.
If youre going to base what someone should pay based on what they CAN pay, then the GE situation is more than relevant.
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GE follows the same laws that exist for any corporation and they pay their taxes. The benefit for them is that they are a multinational corporation and do not need to be taxed on profits derived in another country.

But the thing that is so funny to me is that everyone here acts like they don't try to pay the least amount of taxes possible under the law. I go to H&R Block every tax season and I use every deduction or tax credit I can to lower my bill. Why wouldn't you try to lower your taxes? You're stupid if you don't. So everyone needs to stop complaining and look at themselves.

And side note- this wouldn't be an issue if we simplified the tax code and went towards a flatter tax system. Then you wouldn't have people using every loophole and deduction trying to lower their bill. But Obama plays the classic "look over there" routine as he empties out your wallet.
 
What the hell does it really matter what someone did or didn't donate? How much Romney donated doesn't impress me, and I don't feel any need to pass judgement on Biden for what he donated...it really doesn't say anything about them as people. Without knowing someone on a personal level and being close enough to them to be privy to information about their personal situation...financial or otherwise, you don't know their circumstances or motivation and can't make a judgement call about what type of person he/she is.

Being rich or donating a lot of money doesn't mean someone is a better person than someone else who has less or donates less. When it comes down to how "good" a person is, it doesn't have shit to do with money and everything to do with character. Some of the best and most giving people I've ever known haven't had much in the way of money or worldly goods, but they willingly give whatever they've got to help someone without expecting anything in return.
 
Tamstrong said:
What the hell does it really matter what someone did or didn't donate? How much Romney donated doesn't impress me, and I don't feel any need to pass judgement on Biden for what he donated...it really doesn't say anything about them as people. Without knowing someone on a personal level and being close enough to them to be privy to information about their personal situation...financial or otherwise, you don't know their circumstances or motivation and can't make a judgement call about what type of person he/she is.

Being rich or donating a lot of money doesn't mean someone is a better person than someone else who has less or donates less. When it comes down to how "good" a person is, it doesn't have shit to do with money and everything to do with character. Some of the best and most giving people I've ever known haven't had much in the way of money or worldly goods, but they willingly give whatever they've got to help someone without expecting anything in return.
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Psssst. Quit hatin' just because you're mad that you don't have that Romney money........:p
 
If it was Biden that donated a ton of money, you guys would be bowing down and kissing his shoes. Hypocrites.;)
 
Iggy said:
If it was Biden that donated a ton of money, you guys would be bowing down and kissing his shoes. Hypocrites.;)
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Damn son. And you're supposedly college educated and this is the level of discourse you enjoy posting? But damn if somebody points out how ghetto minded this shit is.......
 
Eye of Ra said:
Damn son. And you're supposedly college educated and this is the level of discourse you enjoy posting? But damn if somebody points out how ghetto minded this shit is.......
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You just know that if the roles were reversed and it was Romney that only donated 369 dollars, you guys would be giving him hell while praising Biden. Come on now dont lie
 
Iggy said:
You just know that if the roles were reversed and it was Romney that only donated 369 dollars, you guys would be giving him hell while praising Biden. Come on now dont lie
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Really? Why would we care? You're the one who created this in order to show what a great guy Romney is. You're the one always posting stuff to show how great your boy is period. :rolleyes:
 
LOL!! Bill Mahr is crazy.

He just broke it down that Romney gave ALL his charitable donations to the MORMON CHURCH, not non-profit charitable organizations that help the poor.

That's not 'charity', that's pouring cash into your own people.

If you're a Morman, Mitt Romney is generous.:smt021
 
I've said the same thing pages ago and yet...that went the way of a fogged memory.

To add, the Mormon church requires that people donate 10% of their income to the church.

andreboba said:
LOL!! Bill Mahr is crazy.

He just broke it down that Romney gave ALL his charitable donations to the MORMON CHURCH, not non-profit charitable organizations that help the poor.

That's not 'charity', that's pouring cash into your own people.

If you're a Morman, Mitt Romney is generous.:smt021
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I dont give two craps about Romney, however...

andreboba said:
LOL!! Bill Mahr is crazy.

He just broke it down that Romney gave ALL his charitable donations to the MORMON CHURCH, not non-profit charitable organizations that help the poor.

That's not 'charity', that's pouring cash into your own people.

If you're a Morman, Mitt Romney is generous.:smt021
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No Andrae, he didn't. I don't care what Billy told you. Look it up.
 
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