Booker tax returns show income drop, high charitable giving

[Yo_Mama_Been_Loggin]

IOWA CITY, Iowa — Democratic presidential candidate Cory Booker released 10 years of tax returns Wednesday, showing his income plunged last year but he remained generous toward charity.

Booker reported income of $152,715 in 2018 for his salary as a U.S. senator from New Jersey. He paid $22,781 in taxes and had an effective tax rate of 19 percent.

Booker donated $24,000 to charity in 2018 — or more than 15 percent of his income. That contrasts with other Democratic presidential candidates who have reported giving much smaller percentages to charity in their tax returns, often 2 percent or less.

Booker, who is single and has no children, reported total charitable contributions of nearly $460,000 over the 10-year period. Slightly more than half of those donations came in 2013, when Booker faced criticism over his role founding the social media company Waywire and gave significant amounts of stock to Newark charities.

https://www.msn.com/en-us/news/politics/booker-tax-returns-show-income-drop-high-charitable-giving/ar-BBWg7j3?ocid=spartandhp

[still_one]

1. That does not surprise me at all

[brer cat]

10. Nor me.

He is one who walks the walk. I don't understand why he isn't getting more attention.

[still_one]

11. I don't either

[pnwmom]

4. On your basis, no one from NJ or NY or CT could ever run for President, because too many

employees of banking or pharma sent donations (those states are centers of the banking industry and pharma).

No one from Texas could ever run because they get too many donations from employees of energy companies.

No one from Delaware could run because of donations from employees of the banking industry.

No one from Washington could run because of donations from employees at airplane related companies or Amazon.

No INDUSTRY or CORPORATION is allowed to donate to any campaign. But individuals who work at companies can. We shouldn't be penalizing candidates because they come from a state where there are a lot of employees at a particular industry -- unless we see votes that are against our principles.

Just to name one example, Alexandria Ocasio Cortez got a significant percent of donations from the banking industry -- because she represents an area where people have jobs at banks. That shouldn't be a reason she couldn't be Senator, Governor, or even President some day.

[pnwmom]

8. Cory Booker gets donations from EMPLOYEES of pharmaceutical companies,

including $20 donations from file clerks and $30 donations from lab assistants.

You have no evidence Booker gets money from "the fat cat boardroom." There is a $2700 limit on any individual donation, and no one's going to buy a lot of influence with a $2700 donation.

[pnwmom]

12. He has rejected support from pacs. He can't stop them, though, thanks to

Citizens v. United.

From your link:

He joined with other Democrats and rejected corporate PAC money in February 2018. His campaign said they would not support super PACs spending money on his behalf, however the campaign cannot actually prevent outside groups from making independent expenditures.

[dsc]

3. Impressive giving

but in fairness to the other candidates who have kids being single and child free equals a much higher disposable income. But he still is giving an impressive amount.

[pnwmom]

5. But Bernie and Joe are long past the time of spending a high fraction of income on child care.

And there's a huge difference between 2 or 3% and 15%.

[dsc]

6. Biden has had to help his children in recent years I am sure

and also made less money over all. But that is largely a fair point.