Reply to Life is Easy in NW DC on $300k, AMA

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not arguing that OP is the most generous person out there, but just a reality check and reference point for everyone suggesting to donate 10% or more -- the average American (whether you consider the average American generous is up to you, I suppose) donates about 2.1% of adjusted gross income.  It would be an even lower percentage of total gross income.

http://nccs.urban.org/sites/all/nccs-archive/html/knowledgebase/CHARITABLE_CONTRIBUTIONS_BY_STATE.pdf[/quote]

True, but that's roughly $1500 on with an adjusted gross income of around $60,000, so income net of charity is around $58,000. $300,000, net $15,000 charitable donation, leaves us with $285,000.

Yes, we pay higher taxes, and have higher expenses, etc., etc., etc., but we're still very, very comfortable.[/quote]

Look, you're really generous. That's commendable.  But you're really an outlier.  I'm not trying to argue that OP is generous or debate whether everyone should be as generous as you are.  I'm not trying to make a normative statement at all.  I'm just trying to provide a reference point to reality.  If you look at just higher income households, the average numbers are much lower than what you do.

In the $200-250k AGI range, the average (out of people who claim the charitable deduction) is $5726.  In the $250k - $500k AGI range, the average is $8917.

You guys are rock stars for donating $15k on $300k gross income.  I'm impressed.  I'm sure OP is impressed too.  Well done.

[/quote]

PP here, sorry, I meant to provide a link for the above figures:  https://www.fool.com/taxes/2015/02/15/are-your-tax-deductions-bigger-than-the-average-am.aspx[/quote]

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