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ESRogs comments on Earning to Give vs. Altruistic Career Choice Revisited - Less Wrong
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Comments (154)
10% is the charitable giving limit. There is another thing to be asked about, and that is the impact of the job. If I were to be a tax lawyer, I would be directly harming the ability of the US government to spend on social welfare programs. If I worked on Wall Street anywhere but Vanguard I would be bilking people out of their life savings, and at Vanguard I wouldn't be making $100 K a year. Someone working as a tobacco farmer to raise money for cancer research has some misplaced priorities.
Where is that 10% number coming from? Looks to me like the limit is at least 20% in the US, and up to 50% for some organizations.
(BTW, can someone from MIRI or anyone else tell us if they're a 50% organization?)
EDIT: and by the way, that's just the limit on what's tax-deductible. There's no legal limit on how much you can actually give.
MIRI is a 50% organization.
See IRS Exempt Organizations Select Check and click the “Deductibility Status”
Malo knows this, but I'll say it publicly:
In general, we suspect there are few people for whom it's healthy to actually be giving away 50% of their income.
I understand why you said this, but most people interested in this are interested in the transition from 10% to >10% (say, 20), not in 10% to 50%. I presume you would estimate a higher number for whom this is healthy?
Yes.
Awesome, thanks!
I guess we also have to worry about state and maybe even city-specific tax laws too, huh?