President Barack Obama put Vice President Biden in charge of giving away your money, making him the public face of $789 billion stimulus program. But when it came to giving away his own money, Biden was not so aggressive.
According to their 2010 tax returns, the vice president and his wife donated a total of $5,350 to charity, a mere 1.4 percent of their sizable $379,178 in pretax earnings and well below the average amount donated by their more generous countrymen.
According the the Bureau of Labor statistics, Americans in 2007 gave an average of 2.2 percent of their pre-tax income to charity. The poorest among us were the most generous – far more so than the Bidens – donating 4.3 percent of their incomes to those in need.
Making matters worse in the vice president’s case, $950 worth of the Bidens’ donations wasn’t cash at all. It was their old stuff – clothes and household items valued at a quarter of their original price.
Remarkably, the Bidens have actually stepped up their charitable giving since he became vice president and the spotlight hit.
In the decade before his nomination to be vice president, Biden and his wife donated about 0.2 percent of their income, averaging a measly $369 in annual donations.
By comparison, the Obamas in 2010 were vastly more generous. They gave $245,000 on $1.725 million in earnings – mainly from his books – or 14 percent of their income, exactly ten times the percentage donated by the stingy Second Couple.