In race to be most generous, Romney leads

When it comes to donating to charity and church, Mitt Romney is the man to beat.  

The release this week of the GOP candidate's tax records cast a spotlight on his considerable wealth, but it also revealed the extent of his generosity.

The records show Romney and his wife, Ann, contributed $7 million in charity over the tax years 2010 and 2011, much of it going to the Church of Jesus Christ of Latter-day Saints. Romney earned $42.5 million during that period, which means he gave away roughly 16.5 percent of his income. He also paid out $6.2 million in taxes.

On both a percentage and an actual basis, Romney gave away more money than his chief rival for the GOP nomination, Newt Gingrich. He also donated more than President Obama, although the Democrat was not too far behind.

The average person donates 2 to 3 percent of his or her income to charity, experts say. For those who earn $10 million or more, the rate is 6.5 percent, said Joseph J. Thorndike, director of the Tax History Project at Tax Analysts.

"He's pretty generous, and no one can fault Romney for his level of giving," Thorndike told msnbc.com.

"It's remarkable," added Russell James, director of graduate studies in charitable planning at Texas Tech University in Lubbock, Texas. “I have never seen giving at the level Romney is giving at."

A look at others:

  • Obama and his wife, Michelle, donated $245,000, or 14.4 percent, of their $1.7 million total income to 36 different charities, according to IRS documents. The Fisher House Foundation, the Clinton Bush Haiti Fund and the Boys and Girls Clubs of America were among the listed charities. It was the president's highest rate of giving, experts say, adding that Obama's giving has been keeping pace with the increase in earnings from best-selling books. In 2005, Obama's donations jumped to $77,315, 4.7 percent the family's income, and $60,307 (6.1 percent) in 2006. From 2000 through 2004, however, the then-Illinois senator and his wife had donated about 1 percent of their annual earnings, according to The New York Times and TaxProf Blog.
  • Vice President Joe Biden and his wife, Jill, donated $5,350 (1.3 percent) of their $379,178 adjusted gross income to charity in 2010.

“Ever since Nixon, presidents and their taxes have been in the spotlight,” Thorndike told msnbc.com. “I’m sure he didn’t know he was going to start the tradition of releasing records, returns that were going to be pored over and read. Since then, there’s also been a strong incentive to not look cheap.”

For the record, former President Richard Nixon reported donating $295 to charity and church in 1972, according to the tax project. That's one-tenth of one percent of his annual adjusted income of $268,777 for that year.

Click below to view tax records of the various candidates (pdf):

More content from msnbc.com and NBC News

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B. Hussein Obama has no positive record of accomplishments to run on. A record of success in jobs and the economy would've been easy to champion. But when you have a record of failure, joblessness, record deficit and U.S. Taxpayer spending with no positive results, Chicago-styled pay-for-play politicking & cronyism, recession and abject, blatant incompetence, half-truths are the best you can do.

Expect to hear more of this as B. Hussein Obama hits the stump this week. He’ll ignore his three years worth of failures and try to build his case on faulty premises and empty promises. That worked in 2008 because Obama had no record. But it won’t work on Nov. 6th, 2012, because he has a very clear record and that record is one of failure and no improvements to the U.S. economy or joblessness.

On the economy, jobs, health care, energy, the federal deficit, the U.S. national debt, housing, lobbyists, ethics, and energy policy -- all of these issues -- the president has broken his promises to the American people. It all makes for a very unflattering before-and-after.

Let’s take that list in reverse order.

On energy, B. Hussein Obama said in 2008 that it was time to end our foreign oil addiction. In 2011, he admitted, “we’re not where we need to be.” He called his own energy policy “just a hodgepodge.”And last week, he blocked the Keystone XL pipeline project, which would have provided America with a safe, affordable energy source, while creating thousands of new American jobs.

On campaign ethics, B. Hussein Obama called Wall Street executives “fat cats” and then acted like a fat cat himself: he’s accepted more Wall Street money than all other presidential candidates -- combined.

Health care was supposed to be B. Hussein Obama’s great achievement. He promised his plan would bring down premiums “by $2,500” for the typical family. Last year, they rose by 9 percent.

B. Hussein Obama boldly promised that lobbyists would never “find a job in my White House.” Yet to date, he’s hired almost 100 of them.

In 2008, he said former President George W. Bush's adding of $4 trillion to the U.S. national debt was “unpatriotic.” Yet B. Hussein Obama has increased it by more than $4.5 trillion and is on track to add trillions more in only three years as president.

B. Hussein Obama promised to cut the deficit in half by the end of his first term. Instead, he racked up three record deficits of more than $1 trillion each year.

B. Hussein Obama promised he could create thousands of jobs with green energy spending. Then he lost a $535 million taxpayer-funded loan to the now-bankrupt, "green energy" company Solyndra.

With his $825 billion stimulus, Obama promised unemployment would stay at or below 8 percent. Not only did unemployment shoot past 8 percent, it hasn’t come back to that level since. It's been closer to between 9% and 10% for virtually his entire presidency, except in the last two months of 8.6% and 8.5%.

And then there’s the biggest promise of them all: the economy. B. Hussein Obama was so confident he could turn around the economy that he promised in early 2009 on NBC's Today Show, that if he didn’t have it fixed in “three years” then his presidency would “be a one-term proposition.”

(To be fair, that’s one promise he can still keep.)

In October of last year, President B. Hussein Obama unveiled the slogan “We Can’t Wait.” It was par for the course for a White House that regularly substitutes sloganeering for policymaking. And it was indeed merely a slogan. Three months later, we’re still waiting. We’re still waiting for a plan to revive the U.S. economy, a plan to reduce the U.S. national debt, a workable, reasonable, bi-partisan plan to keep any one of B. Hussein Obama’s many promises that HAVE NOT been kept. If this coming week is any indication, we’re going to be waiting a lot longer.

Remember, B. Hussein Obama is supposed to be this "great, compassionate man of the average-joe American" and president, but he is also the guy who actually insulted the handicapped and special needs, parents, coaches and players themselves of the Special Olympics on the Jay Leno show, calling his bad bowling, "like Special Olympics or something." The clip can been on YouTube titled: Barack Obama Special Olympics Insult.

  • 1 vote
Reply#27 - Thu Jan 26, 2012 4:06 PM EST

Um, Johny, your post is off topic.

Conservatives, republicans, the right wing media division, seeders and posters on Newsvine just keep talking trash about President Obama and the evidence and actual events keep proving they are all liars.

Under President Obama the the economy is improving (albeit slowly), the unemployment rate is dropping, we're paying the lowest taxes in 65 years, private sector jobs are consistently being added each month, he saved or created millions of jobs with the Recovery Act and the auto loan bailout, the stock market has doubled and is consistently up overall, regulations have been passed that will prevent another casino on Wall Street and economic meltdown, we're exiting wars we should have never engaged in, we're earning back the respect of the rest of the world, major landmark legislation has been passed that benefits millions of middle and working class Americans, e.g., LLFPRA, ARRA and the ACA, a draconian discriminatory policy, DADT, within our military was repealed, Osama bin Laden was hunted down and killed, etc., etc., etc.

All this and so much more despite being ham-stringed by a do nothing obstructionist republican congress who's only goal is to defeat him and see him fail no matter the cost to this nation along with the worst economic meltdown in 65 years and negative worldwide reputation due to conservative republican proven failed policies, deregulation and arrogance.

What is inconceivable is that no matter how massive the failure of proven failed republican/conservative economic policies and how damaging the results, there are millions of individuals that are convinced it is sound policy and continue to support candidates that will once again return us to those proven failed policies and resulting massive damage, which every candidate in the republican primary would do, each to a worse degree than others.

    #27.1 - Thu Jan 26, 2012 6:49 PM EST
    Reply

    He is more generous because it is a tax advantage to do so, and his apponents have far less money than he does, not because it is a part of his character. You have to remember when romney thinks, he thinks like a corporation, emotion and tender feelings for his fellow man have nothing to do do with his actions.

      Reply#28 - Thu Jan 26, 2012 4:22 PM EST

      Are Mormons Robots? I'll bet X'rays would show yes wheels, and whatever-you-tell-us-Church bolts, and "time and means" cogs and "this is the way they said Jesus died, this is the way we know he died" indocrinated children-of-the-corn widgets spinning out of control.

        Reply#29 - Thu Jan 26, 2012 4:43 PM EST

        Very kind of you, and you gave how much last year?

          #29.1 - Thu Jan 26, 2012 5:47 PM EST
          Reply

          Question: If Romney-level wealth indicates that he's too aloof and has the wrong motivations to make a good president, does that mean Kerry would have been twice as bad as president? What's the wealth cutoff to make a good president (or a good member of congress, for that matter)?

          • 1 vote
          Reply#30 - Thu Jan 26, 2012 4:48 PM EST

          Yeah right, if you want to be in good standing with THEE church, you better tithe. I admire someone who tithes when they are not REQUIRED to do so to "be in good standing," and who does not have the church leadership looking over their shoulder keeping track and determining who's righteous and who isn't. God keeps records of our giving just fine and He will reward us accordingly in the end. He does not need any church help.

            Reply#31 - Thu Jan 26, 2012 5:07 PM EST

            DO YOU KNOW how utterly depraved and biased you have to be to proclaim giving to church is not charity and doesnt count?

            Do you even hear yourself. Churches are the number one source of institutional aid to the poor in this country and besides this Christians are the number one personal source of aid to the poor in the entire world.
            If you believe any Christians gives so they can be saved or that it is some kind of law you probably also believe a random explosion caused your consciousness to assemble by chance. The things you nutjobs believe. There is no such requirement but I can see how some God hater couldnt understand love for those in need and think its a ploy.

            Next, if anyone is arguing that democrats give even a fifth of what Reps give then they should just check into a mental institution. Its not even close. McCain gave his entire senate salary while obama gave 1% when he made a Million bucks. These guys give less than average americans let alone Reps. This MSNBC article is deliberately glossing over their real record which is well documented through the years. Yet they're the party of the poor?

            Just look at yourself and you've got a liberal democrat. There is something inherently corrupt in your thinking and thats why these guys cant even give just to look better while they were running for office. They couldn't because its not in their nature to truly help their fellow man...yet they twist, lie, and deceive about their opponents because they cant understand why they're not like them--depraved. Yet they have the nerve to lobby the poor despite their hypocrisy?

            • 2 votes
            Reply#32 - Thu Jan 26, 2012 5:43 PM EST

            What is this nonsense about Romney giving to charity? He does not he gives to his church.

            Giving money so that the LDS church can prosyletize, sending out missionaries who are frequently unwelcome, and using its tax exempt status to interfere in elections, such as the Proposition Hate (8) vote in California is not charity it is self-promotion.

            All "tax exempt" charitable donations are a sham. There should be no tax deductions for donations. Give your own money to your church and pet causes Mr. Romney, et al., and not the tax money rightfully owed to the state.

            With all of the businesses run by churches there should be no tax exempt status for religious groups whatsoever, nor for political causes either. Come to think of it with all the twisting lawyers and accountants can do how about no tax exemptions for ANY donations. Then you might observe true charity in those who give.

              Reply#33 - Thu Jan 26, 2012 6:08 PM EST

              Why are you Progressives so concerned about a persons Religion?? I thought that type of Religious BIGOTRY went away with the election of JFK. But it appears that Religious Bigots still thrive if it is a Republican.

                Reply#34 - Thu Jan 26, 2012 6:17 PM EST

                Why are you evangelicals so concerned about a persons Religion?? I thought that type of Religious BIGOTRY went away with the election of JFK. But it appears that Religious Bigots still thrive if it is a Mormon.

                  #34.1 - Thu Jan 26, 2012 6:51 PM EST

                  babina

                  I'm NOT a Church going person. Nor am I an evangelical. Nor am I a religious person. I wonder how you came to your conclusion. BIGOTRY???

                    #34.2 - Thu Jan 26, 2012 7:05 PM EST

                    Normally, I don't care about a person's religion unless they want to cram their beliefs down my throat. But I have to confess, I'm an exmormon, and have no desire to see more people join the church because the POTUS is a mormon. Donny & Marie were bad enough.

                    Also, Romney strikes me as the type of mormon who thinks he is better than others. He's mormon royalty and just like the founder Joseph Smith he deserves to be president. His millions are just blessings from god, and those of us who earn less are just less worthy.

                    Plus, when I've asked the question how Mittens is going to help working class Americans, no one can give me an answer other than he is no Obama.

                    • 1 vote
                    #34.3 - Fri Jan 27, 2012 2:05 AM EST
                    Reply

                    Great report on tithing.

                    To Tithe Or Not To Tithe? Reported by Martha Teichner, CBS News

                    From his home near Marietta, Georgia, Russell Kelly wages war against preachers who use the Bible to justify tithing. His Web site, http://www.tithing-russkelly.com/, argues against the supporters of tithing.

                    "We believe if you look at those texts they quote," he says, "they are out of context."

                    But that's not his only objection.

                    "Almost every person I contact on the Internet, they tell me the same story, where they go to their pastor - no matter what kind of church it is, Baptist, Charismatic, Methodist, you name it - and start asking questions about tithing, they are told to shut up, to be quiet, to leave the church."

                    It happened to his own wife, when her first husband was dying.

                    "I had a $5 an hour job, a small child to raise, and my husband kept getting, sicker and sicker," Janice Kelly told Teichner. "It came to the point whether I buy insulin for him or whether I pay my tithes, so I went to the preacher."

                    Janice Kelly didn't expect his response.

                    "He just ... told me I would be cursed."

                    http://www.cbsnews.com/stories/2008/03/01/sunday/main3896728.shtml

                    Tithing is expected, actually required, to remain a church member in good standing. Obviously based on his other "charitable" giving, if it wasn't expected, Willard would not have committed to it or given it as the good Mormon he is.

                    And churches, universities, and other institutions are not charity but that is where the wealthy give, and they get big time in return. They get their name on buildings or rooms, they get their kids and grandkids into schools from pre-school to college, they might not otherwise get into, etc.

                      Reply#35 - Thu Jan 26, 2012 6:57 PM EST

                      I pay 95% percent of what I make to landlords and bills. I use the other 5% for my daughter and myself including Christmas, Birthdays girl scouts, school fundraisers etc. If I had 10 or 15% left at the end to give to charities I would.

                      Must be nice to be in the top percentage of wage or Capital gains earners. It is my choice to live month to month and teach low income special needs kids. Someone has to do it. and you know most of those earning millions just don't seem to have the guts to help out on the front lines. Donating is easy, working with people who really need help is a whole other matter.

                      I won't vote for Romny but I have respect for the LDS kids who hit the front lines and help out. I want to again thank the two Mormon kids that helped me stack my fire wood in Las Vegas, New Mexico a few years back. I had a young child and really needed the help.

                        Reply#36 - Thu Jan 26, 2012 7:12 PM EST

                        I liked the Mormon missionaries when I joined the church as well. The problem is, the missionaries don't live in the area they service and are polite and helpful in order to get people to join the church. Once you join, you may never see those missionaries again. Most converts don't even stay a year.

                          #36.1 - Fri Jan 27, 2012 2:16 AM EST
                          Reply

                          oluj

                            Reply#37 - Thu Jan 26, 2012 11:55 PM EST

                            yes

                              Reply#38 - Fri Jan 27, 2012 12:55 AM EST

                              I don't care what the Mormon Church requires, whether Romney believes he is buying his way to heaven or not. He should be commended for his generosity no matter how much he makes or how little income tax he pays. I'm not voting for him, but I respect his generosity.

                              Nixon gave one tenth of one percent. That's tighter than a gnat's ass.

                                Reply#39 - Fri Jan 27, 2012 2:57 AM EST

                                Let's see ... Romney's "charitable" donations went mostly to the Mormon Church ... and we know how poor most of them are ... and we know how much this did nothing to aid the average American. Couldn't wait to see how that would play out for the rest of the nation if he is elected.

                                Then Gingrich's 'charity' went mostly to a building ... God forbid he should help a single poor person, because obviously we deserve to be poor and certainly have an 'equal' chance with the rich kids to go to school, take a student exchange trip to improve our experience and world-view, even pay the application fees to most institutes of higher learning. Then there are the obviously needed funds to live and eat while in school. If we are poor it must be because we are lazy. If we are under-educated, or don't have the higher grades (which offer more opportunities to learn, and gain financial aid) it couldn't have anything to do with the fact that we or our children have to work nearly full-time just to pull off an education.

                                Now let's see ... the most I ever grossed in a year was $18,001. That was the year I worked 2 jobs including Thanksgiving and Christmas days. My two children, whom I was raising alone, did get to visit me with a Thanksgiving plate. I supposedly (I know this is controversial) have an IQ of 133+. This number has been the same since I was in grade school. So if I'm not lacking in intelligence, I must be lazy, right? What B.S...!

                                And, oh yeah - what is 16% of $18,001? Gee, not sure I did contribute that much to charity that year. My bad.

                                Then President and First Lady Obama contributed to 36 different charities and work their fingers and minds to the bone to make the nation see the unfairness of the plight of poor people - and have done nothing but help my bottom-line since they took office. I may be dumb and poor and uneducated ... but I know enough to vote for the person who will do the most - for those who need the most - and have the least. (ps - Michelle, please don't throw your shorts away - it is so refreshing to see real people in the White House!)

                                • 1 vote
                                Reply#40 - Fri Jan 27, 2012 2:39 PM EST
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