The appendix of the ebook (pdf, p. 218 & 221) suggests structuring it like tax brackets, giving (as a percentage of adjusted gross income):
1% of the first $81,000, 5% of the next $59,000, 10% of the next $180,000, 15% of the next $160,000, 20% of the next $1,520,000, 25% of the next $9,000,000, 33.3% of the next $42,000,000, and 50% of the remainder
Thanks! I somehow managed to miss their pledge when looking at their website.
It does seem to be somewhat different from e.g. the 10% pledge: At least according to the current formulation, it is not a public or lifetime pledge but rather a one-year commitment:
This coming year, I pledge to give [percentage field] of my income to organizations effectively helping people in extreme poverty.
As an approach, this sounds very reasonable for TLYCS. I imagine that a lifetime pledge that adjusts to one’s income level is something that is harder to emotionally resonate with and might feel like too-large a commitment for many.
And recommitting to the pledge yearly might make it easy for people to adjust their giving to their current income without needing to think about the maths.
TLYCS’s own pledge is progressive with income, for what it’s worth https://www.thelifeyoucansave.org/take-the-pledge/
Is there a formula for the pledge somewhere? I couldn’t find one.
The appendix of the ebook (pdf, p. 218 & 221) suggests structuring it like tax brackets, giving (as a percentage of adjusted gross income):
yeah not sure unfortunately!
Thanks! I somehow managed to miss their pledge when looking at their website.
It does seem to be somewhat different from e.g. the 10% pledge: At least according to the current formulation, it is not a public or lifetime pledge but rather a one-year commitment:
As an approach, this sounds very reasonable for TLYCS. I imagine that a lifetime pledge that adjusts to one’s income level is something that is harder to emotionally resonate with and might feel like too-large a commitment for many. And recommitting to the pledge yearly might make it easy for people to adjust their giving to their current income without needing to think about the maths.