If you donate too much, you are EVIL

Published on April 21, 2006 By Dr Guy In Politics

In what can only be described as a satire of putrid hate, the loons on the far left have gone off the deepend again. As some may know, Dick Cheney took advantage of the elimination of the charity ceiling that congress passed in the wake of Katrina. Prior to last fall, you were limited to deducting 50% of your income in charitable donations. But since the ceiling was removed, you could bet the farm and donate as much as you wanted.

Dick Cheney did. he donated 77% of his income to charity. What a great guy, right? Or at least a noble deed, right? hardly! Look at what some of the loony loopy luddite left had to say about Dick Cheney's generosity:

Why is this man not in jail?

How does this guy sleep at night? This administration makes me sick to my stomach. They are sooooo corrupt.

This administration has no shame.
They are "do as I say, not as I do" people

REPREHENSIBLE, totally devoid of any moral values, ...a true, dyed-in-the-wool Robber Baron.

We need a perp-walk, and we need it now.

I wonder how much each of these twerps donated last year. I bet is was about a buck 50 each.

Comments (Page 1)

DJBandit

on Apr 21, 2006

So he's bad cause he donated 77% of his income to charity? Did I miss something here?

Adventure-Dude

on Apr 21, 2006

Well, upon reading the different links to press releases it seems that Cheney made a huge donation to charity but people are feeling like he misused the Katrina change since he didn't donate to Katrina helping charities. As long as the charities are legitimate I'm not going to criticize who he gives HIS money to. JMO

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Dr Guy

on Apr 21, 2006

So he's bad cause he donated 77% of his income to charity? Did I miss something here?

Yep! Apparently so. He took advantage of a tax law change, not to enrich himself, but to donate, and now they want to hang him.

DJBandit

on Apr 21, 2006

Remember, the point is to criticize, regardless of why. Anything to make anyone look bad, even if it's a 1 milimeter stain on a white shirt of your opponent.

Dr Guy

on Apr 21, 2006

Exactly! There is really only so many dollars for charity (we all have to decide each year where ours go). That he gave to one charity means that probably more go to others. I cannot give to everyone who calls. I have to pick and chose, and know that most people will, and in the end it will all even out.

Dr Guy

on Apr 21, 2006

Remember, the point is to criticize, regardless of why. Anything to make anyone look bad, even if it's a 1 milimeter stain on a white shirt of your opponent.

But criticizing for criticizing sake is just stupid. If they were smart, they would have just ignored this news and kept pounding on the evil rich people thing. But this clearly shows that rich people are not evil, just small minded maggots that infest the extreme left.

Locamama

on Apr 21, 2006

I don't know the details but I know one of my former bosses gave huge sums to charity not to be helpful but to reduce his tax debt. He came out ahead donating to charity instead of paying taxes so that's why he did it.

Moderateman

on Apr 21, 2006

Reply By: LocamamaPosted: Friday, April 21, 2006I don't know the details but I know one of my former bosses gave huge sums to charity not to be helpful but to reduce his tax debt. He came out ahead donating to charity instead of paying taxes so that's why he did it.

does it really matter what his personal motives are? his donation was huge and it should be respected not trashed.

Adventure-Dude

on Apr 21, 2006

He came out ahead donating to charity instead of paying taxes so that's why he did it.

But charity benefits where the church has failed is how I see it.

Dr Guy

on Apr 21, 2006

No, you never do. Donations are deductions. Which means you save between 15 and 33% of the donation in taxes (not including state). SO if he donated a lot, he still paid a lot. At least 67% of that donation was not saved by taxes.

Dr Guy

on Apr 21, 2006

does it really matter what his personal motives are? his donation was huge and it should be respected not trashed.

Exactly! He could just as well stashed it into a tax shelter. He did not. He gave it to those in need.

Dr Guy

on Apr 21, 2006

But charity benefits where the church has failed is how I see it.

Charity (the legit ones) are more economical than any government program as more gets to the people and less is used for the slush fund called overhead. it matters not why, or where he gave, just that he did give. As the article notes, he gave the Max before the law was changed, then he gave another 2.3 million. That indicates he was already giving and did not care to do a carry over. Which is also legal.

Adventure-Dude

on Apr 21, 2006

That indicates he was already giving and did not care to do a carry over. Which is also legal.

It irks me that people would criticize this very fact. I think I need some cheese.

Larry Kuperman

on Apr 21, 2006

" Taxes show the Cheneys made $8.8M "

Source: Link

"The overwhelming bulk of the income listed by Vice President Dick Cheney and his wife, Lynne, resulted from exercising stock options in order to make charitable contributions. That money came from a fund Cheney set up in 2001 to distance him from income produced by stock options he accumulated as chief executive officer of Halliburton Co."

So, Vice President Dick Cheney liquidated some of the stock that he put aside when he took office. Most of that stock was in Haliburton.

And how has Haliburton done in the past eight years?

On April 20th, 2001 the stock was trading at $37.03 per share. Five years later it is trading at $82.80. A modest increase of 224%. Source: http://phx.corporate-ir.net/phoenix.zhtml?c=67605&p=irol-stocklookup&t=HistQuote

Vice President Cheney sure is lucky! I mean, how lucky can you get that the stock that you own as Vice President just happens to more than double during the time that you are in office! What are the odds?

KFC Kickin For Christ

on Apr 21, 2006

On April 20th, 2001 the stock was trading at $37.03 per share. Five years later it is trading at $82.80. A modest increase of 224%. Source: Link

Vice President Cheney sure is lucky! I mean, how lucky can you get that the stock that you own as Vice President just happens to more than double during the time that you are in office! What are the odds?

and.....? so? Do you have a problem with another's fortune? Would it be better for you if he lost money?

Our stock went up as well. He invested wisely. That tells me he's got a good head on his shoulders. GOOD FOR HIM.

I would agree with the CPA's in my office.....GOOD FOR CHENEY. At least he's not mooching off the government rolls. Come to think of it, the money he gets from us, the little people, is pennies really for the job he, as well as his boss, is doing. I have much greater issues with my local ya hoos that are snoozing and collecting their paychecks when they wake up.

But charity benefits where the church has failed is how I see it.

well from what I see the government took over the church's role with their government programs. Now much of our money that we would want to give the government takes and chooses how to spend for us.

I have a client that makes a million dollars a year. He said he used to give to Charity but no more. He said (I'm not saying I agree with him) that the government takes so much of his money (a huge chunk) that he figures he is giving to Charity.

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