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Reply to "Giving .4% of $260,000 to charity"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Gosh, that's not a lot. We're at 5% of our gross income, and I think that's too low.[/quote] Oh gosh, you're so generous. https://www.fool.com/retirement/2016/11/27/the-average-americans-charitable-donations-how-do.aspx[/quote] Those stats are pretty skewed--most people with lower incomes don't itemize, so the only people in the lower brackets that they have charitable deduction information for are the people who have lots of deductions. If you look across all Americans with incomes <$25,000 or <$50,000, those percentages would be a lot lower. 5% of gross is higher than most of this chart, which is based on adjusted gross income and only for those reporting deductions. [/quote]
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