Where real moms tell it like it is.

Monday, December 19, 2005

The Wealthier, The Stingier

Not to further persecute the uber-rich crowd who, simply, don't want their hard-earned dollars pissed away on welfare, the New York Times ran a study showing that Americans who made more than $10 million a year were less likely to give money to charity than working-age people who earned $50,000 to $100,000 a year.

The study, conducted by a philanthropic research organization, analyzed 180,000 tax returns from workers aged 35 and younger and found that the more money taxpayers made, the less they gave to charity. For example, on average, those taxpayers earning less than $200,000 gave 1.87 percent of their assets to charity. That number fell to 0.5 percent for taxpayers making $200,000 to $10 million a year, and to 0.4 percent for those workers earning more than $10 million a year.

Charities estimate that Americans gave $180.6 billion of their money to them in 2003. It's interesting, though, that the crowd, which benefited most from President George W. Bush's tax cuts, also took $148.4 billion in deductions for charitable giving in 2003.

Note to the stingy crowd: We won't force you to give your hard-earned money to charity or lazy, stupid people. But please do us a favor and stop whining about how much you pay in taxes. Really, you are going to be okay.


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