Democratic presidential candidate Barack Obama and his wife Michelle gave $10,772 of the $1.2 million they earned from 2000 through 2004 to charities, or less than 1 percent, according to tax returns for those years released today by his campaign.
The Obamas increased the amount they gave to charity when their income rose in 2005 and 2006 after the Illinois senator published a bestselling book. The $137,622 they gave over those two years amounted to more than 5 percent of their $2.6 million income.
Romney charitable contributions
Tax year Taxable income Charitable donations Donations as % of income
2010 $21.7 million $2.98 million 13.73%
2011 (est) $20.9 million $4 million 19.14%
Nevertheless, the president is very generous with other people’s money and has forged a new standard regarding profligate spending. Perhaps one day he’ll run out of other people’s money. In the mean time, let us enjoy the inflation, a stagnant economy, and welcome our Spanish speaking brothers from the south!