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Originally posted by lewman
When guys like this give to charity I bet it is rarely to do a good deed. I mean if you are a multi millionaire and you give half of your earnings to charity then you would be a good person but when its just a small percentage for pr or tax breaks then it is for purely selfish reasons.
Source For those of you not inclined to do the math, that's a 1.41% Charitable giving rate.
Biden’s return shows $379,178 in adjusted gross income, along with $30,019 in mortgage interest and $5,350 in donations. He’s spending five bucks in interest for every dollar in charity. A more typical ratio for families at that income level is 2-to-1.
For an average U.S. return at the $379,000 income level, mortgage interest comes to $21,960 and charitable donations to $9,520.