>>Why present 50% as the “maximum typical”?
>>Arguably someone earning $1M+ annually should be encouraged to give a lot more than 50%
In the US tax deductions cap at 60%, so that could be a sensible place to draw a line.
https://www.investopedia.com/articles/personal-finance/041315/tips-charitable-contributions-limits-and-taxes.asp
This may work for the US, but tax rates and caps differ per country. Also, exceeding the cap can make a lot of sense.
>>Why present 50% as the “maximum typical”?
>>Arguably someone earning $1M+ annually should be encouraged to give a lot more than 50%
In the US tax deductions cap at 60%, so that could be a sensible place to draw a line.
https://www.investopedia.com/articles/personal-finance/041315/tips-charitable-contributions-limits-and-taxes.asp
This may work for the US, but tax rates and caps differ per country. Also, exceeding the cap can make a lot of sense.