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Middle Class Americans Doate More to Charity than the Rich

by Thom Hartmann posted Aug 21 2012 2:42PM

Not only can’t we rely on them to create jobs – but we can’t rely on them to give charity either.  A new study by the Chronicle of Philanthropy examined tax deduction data from the IRS and discovered that middle class Americans give a larger share of their income to charity than do the rich.  A household earning between $50,000 and $75,000 averaged contributing 7.6% of their income to charity.  But as the income scale goes up – that percentage drops.

For those making more than $100,000 a year – only 4.2% was given to charity.  And for those making more than $200,000 a year, the charity rate was just 2.8%.  The far Right – people who adore Ayn Rand and Libertarians – argue we don’t need a social safety net in this country – or even a government to look out for the poor – because rich people will simply step up with charity.

These facts show the lie in that argument.  But they do support a different argument – and that is that the rich – not all – but a lot – are less sympathetic than the middle class.  After all, being holed up in your gated communities, driven around by a chauffeur, attending high-priced private education – it is often easy to overlook the plight of your fellow Americans.

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Filed Under :
Topics : Social Issues
People : Ayn Rand
08/21/2012 3:08PM
Middle Class Americans Doate More to Charity than the Rich
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