Mitt Romney’s Charitable Giving Plus His Tax Burden is 57.9%

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In the debate the other night President Obama said that it was unfair that Mitt’s 15% tax rate is unfair.

What Obama didn’t say is that one reason why Romney’s tax rate is at that level is that he gives away a LOT to charity.

Obama’s team has mocked the 14.1 percent tax rate that Romney is in as shirking his responsibility. But Charlottesville, Va.-based Marotta Wealth Management, which pens a widely-followed research blog, found that when Romney’s tax burden and charitable gifts are included, he paid out 57.9 percent of his income.

“Giving $2.3 million to charity certainly should not be the basis of any criticism,” said David Marotta. “It is money the Romney’s did not keep for themselves, so I am counting it with the money lost to taxes.”

I think giving away this kind of money is admirable. Why would anyone try to make a political issue about this?

I'm a Grand Forks native and alumni of North Dakota. I want to be Rob Port when I grow up.

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  • Davo

    Instead of taxes, the IRS should just leave a tip jar outside of its offices. Leave what you can, take what you need.

    • http://Sayanythingblog.com The Whistler

      I feel pretty strongly that giving money to charity helps more people than sending it to Washington. Of course we can’t support the military that way, but it’s a much better way for social spending.

      • robert108

        The typical govt social program delivers about 25 cents on the dollar of what it takes from the taxpayers to the “underserved”.
        In other words, govt social spending is govt welfare for the public employee unions.

    • $8194357

      More evil conservitive propagnada from the “roid”…..
      With out the “massive overhead of government and the debt it has created”,
      ya think good dems and conservitives might not give to charities?

      Liberals?..probebly not…hypocrits only will give if the spot light is shining on em…
      Blowin their own horn on the street corner while giving alms to the less fortunate…

    • HG

      Given what the Govt spends for the IRS, that would probably be a revenue enhancer.

    • Spartacus

      Why? You’d be first in line and empty the jar leaving nothing for everyone else. You selfish prick.

  • HG

    I’d advocate giving to charity over the US gov’t every time. Romney’s generosity is unquestionable. The 57.9% doesn’t account for the giving he practices on a personal level as well. I’d put Romney’s generosity up against any democrat in politics any time. I doubt there is one politician that would even come close to such generosity in the democrat party.

    • Tim Heise

      agreed

  • Harold

    What percentage was Biden’s and Obama’s charitable giving? Bet that will be covered up by the press like a cat covers his waste.

    • http://flamemeister.com flamemeister

      Biden gave $3,690 to charity over a ten year period (about 0.2 percent of his income). Obama’s tax return for 2010 showed he and Michelle Obama donated $245,075 – about 14.2 percent of their income – to 36 different charities.The Clinton’s used to write off old underwear.

      • sbark

        Wonder how much of Obama’s donations went to Rev Wrights Black Liberation “ideology” church of Marxism………in which he never heard a word of a speech despite attending for 20 years.

        • http://flamemeister.com flamemeister

          And Islamist front-organizations. Very good question, sbark.

  • Matthew

    How much of the money was given to his own Church?

    Giving money to any church is not charitable unless that church is doing charity?

    • Thresherman

      As opposed to a charity that keeps 95% of what it takes in to cover administration?

    • banjo kid

      yes it is considered charity to give to a church as long as you do not receive anything of value back. they have not figured out how to put a value on salvation as it would mean they believe the Bible. , so who cares what he gave it to; he gave .

    • Tim Heise

      likely just 10% of income

  • banjo kid

    To give that kind of money is in line with bible. It takes a lot of morals to give that much . obama needs to rake Romney over the coals with his giving so much. The bible speaks of charity and love and it tells us we should take care of our unfortunate brothers and sisters and the widows . Good for those two, and Ann Romney will make an excellent first Lady.

  • Tim Heise

    I respect Romney very much for the amount he donates but even more for the fact that he refuses to talk about it.

  • $8194357

    During a recent Romney campaign stop, a heckler from the audience
    hollered, “Hey Mitt Witt, where are you hiding your tax returns?

    Governor Romney politely responded,
    “I’ve found a very secure place that
    I’m certain they won’t be found.”

    The insistent heckler, then shouted,
    “And just where is that, dummy”?

    Governor Romney smiled and said,

    “They are underneath Obama’s college
    records, his immigration status as a student,
    and his funding sources to pay for college.

    What’s your next question?”

  • Albert Lickenspittle

    It is easy to verify Mitts generosity, let him show us his tax returns.

    • LenYol

      You moron. If there was anything out of the normal, don’t you think (LOL) that obama, Holder and the IRS would have been all over it already?
      obama should release all his medical records and college transcripts….what’s he hiding?

      • $8194357

        10X

        He should be fully vetted “this time”..

    • $8194357

      Sheesh lemming….
      During a recent Romney campaign stop, a heckler from the audience
      hollered, “Hey Mitt Witt, where are you hiding your tax returns?
      Governor Romney politely responded,
      “I’ve found a very secure place that
      I’m certain they won’t be found.”
      The insistent heckler, then shouted,
      “And just where is that, dummy”?
      Governor Romney smiled and said,
      “They are underneath Obama’s college
      records, his immigration status as a student,
      and his funding sources to pay for college.
      What’s your next question?”

  • Lynn Bergman

    The core of the problem in this country is that people think taxes are the same as tithes, that government and charity are equals. Tom Paine would be a tea party activist exposing the difference! Read “Common Sense” and get some, people…

    • Tim Heise

      agreed. It is the difference between consacration and socialism. That difference is CHOICE

    • WOOF

      Hardly a teatard, cause you didn’t build that—TOM PAINE—–“All the Property that is necessary to a man, for the conservation of
      the individual and the propagation of the species, is his natural
      right, which none can justly deprive him of: But all property
      superfluous to such purposes is the property of the publick, who, by
      their laws, have created it, and who may therefore by other laws
      dispose of it, whenever the welfare of the publick shall demand”

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