Short thoughts and a few questions today. First, take a look:
The median taxpayer pays only 7.4%? This seems a little low (though I realize this number reflects the averaging in of those whose income level is so low they pay no taxes).
Americans on average only give 2.1% of their income to charity? Perhaps this statistic, if anything, might explode the myth of a “Christian America.” Even in 1970 the number for religious giving was only at 3.1%.
And then there are the Mormons. They more than double the national rate for charitable giving. Very interesting.
It is encouraging to see that Mitt Romney and Barack Obama give so much of their income to charity…but why are they so abnormal? Is it because they are rich and living on 85% of their income is no problem for them, or because they are in the public eye and want us to think how generous they are? Are they just that generous or “religious?” Morever, if the Christian rule of thumb is supposed to be 10%, why does it seem so amazing that they give around 15%?
I await your questions and more.