Welcome to ...

The place where the world comes together in honesty and mirth.
Windmills Tilted, Scared Cows Butchered, Lies Skewered on the Lance of Reality ... or something to that effect.

Wednesday, August 22, 2012

Middle Class more charitable than the rich

But wait, the rich are big jobs creators like Mitt Romney since he retired so how can this be? The rich do everything which is why they need taxes cut yet again so the Romney Class can pay even less than the 13% that Romney claims, but won't confirm.
Not only are the wealthy pushing to have lower taxes, the rich also show little compassion for anyone other than themselves.
A new study shows that middle-class Americans give a larger share of their income to charity than the wealthy.

The study, conducted by the Chronicle of Philanthropy using tax-deduction data from the Internal Revenue Service, showed that households earning between $50,000 and $75,000 year give an average of 7.6 percent of their discretionary income to charity.
That compares to 4.2 percent for people who make $100,000 or more. In some of the wealthiest neighborhoods, with a large share of people making $200,000 or more a year, the average giving rate was 2.8 percent.

No comments: