“How big a deal is donating 10% of your income really? A perspective” by WilliamKiely🔸
Description
Why 10%?
Because that's the number of the 10% Pledge. No other reason.
How big a deal is donating 10% of your pre-tax income really?
On the one hand, 10% of one's income feels like a lot of money no matter how much you make. But on the other hand, incomes vary tremendously such that no matter how much you make, giving away 10% of your income won't change your relative income rank by much.
If you're an American who income is higher than 20% / X% / 80% of Americans, then your effective income leftover after donating 10% of your pre-tax income will still be higher than 18% / X-7% / 76% of Americans.
In the US, donating 10% at most lowers your income percentile by 6.3 percentile from 54th percentile to 47.7th percentile, requiring you to live on $49,500 instead of $55,000.
So from this perspective at [...]
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Outline:
(00:23 ) Why 10%?
(00:32 ) How big a deal is donating 10% of your pre-tax income really?
(01:36 ) An old related memory
(04:00 ) Better versions of this chart
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First published:
September 7th, 2025
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Narrated by TYPE III AUDIO.
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United States
