Comment author: Andy_Schultz 17 March 2017 02:14:32PM 0 points [-]

Any word on the global health budget decisions?

In response to Open Thread #36
Comment author: Andy_Schultz 16 March 2017 01:55:19PM 1 point [-]

One argument for saving more is that it could allow you to have a higher risk tolerance, since you could afford to lose some of the money. If you planned to donate any excess savings after some time, this could increase the expected value of your donations. I wrote about this here: http://effective-altruism.com/ea/rz/increasing_risk_tolerance_by_growing_your/

Let me know if you have any questions about this.

Comment author: Andy_Schultz 09 March 2017 02:43:58AM 1 point [-]

Thanks, I've written letters to my senators.

Comment author: Jeroen_W 08 February 2017 12:32:25AM *  1 point [-]

What is the generally advised minimum income level at which to start doing the 10% pledge? I guess there should be enough money left to make investments and/or to save money.

Comment author: Andy_Schultz 08 February 2017 03:13:05AM 3 points [-]

One consideration is that you should have enough saved to live on in case you temporarily stop working. Here is 80,000 Hours' view on this: https://80000hours.org/2015/11/why-everyone-even-our-readers-should-save-enough-to-live-for-6-24-months/

Comment author: Andy_Schultz 10 November 2016 01:48:19PM 0 points [-]

It looks like 2 posts that were created while the bug was occurring are not showing up on the main page: "Donor coordination under simplifying assumptions" and "What does the election of President Trump mean for EA?"

Comment author: ChrisCundy 30 July 2016 07:34:02PM 1 point [-]

(1) We didn't ask people how much money they donated to individual charities, that's right. The data is available in the github repository for the project - search for 'github' in the report

(2) I agree that conducting the survey at the start of the calendar year would be better. Whether we would do that depends to some extent on whether we'd want to wait six months until we start the next survey. We are tightening up the feedback loop - we're improving the code used to analyse it every time. This year the survey was handed around quite a few people - we hope next year to have a dedicated person who can focus entirely full-time on it.

Comment author: Andy_Schultz 04 August 2016 03:20:08PM 0 points [-]

If you waited until Jan 2017, would you ask about both 2015 and 2016 donations?

Comment author: Andy_Schultz 29 June 2016 01:47:02PM 1 point [-]

The section "Where does the money go?" says it goes to AMF, but it says the charity treats parasitic worms.

Comment author: Denkenberger 10 June 2016 01:15:53AM 0 points [-]

Good suggestions. However, I can't seem to find the cause section in my profile-could it be called something else?

Comment author: Andy_Schultz 11 June 2016 09:56:01PM 0 points [-]

I had to click on View More under Add a section to your profile, and then a tile appeared called Causes you care about. I checked the Other checkbox and typed effective altruism.

6

Upcoming workshops on future of AI [link]

A series of workshops on the future of artificial intelligence will be taking place over the next couple months. These will be co-hosted by the White House Office of Science and Technology Policy. You can read more and find links to information about each workshop here: https://www.whitehouse.gov/blog/2016/05/03/preparing-future-artificial-intelligence The workshops will... Read More
Comment author: rohinmshah  (EA Profile) 14 April 2016 05:44:10PM 2 points [-]

I don't know much about taxes -- can you explain why this would help? I might want to do it myself :)

Currently though, it seems like you would pay the same amount of taxes in either case. Let's take a small example -- suppose you invested $75 two years ago, which is now worth $100. And let's suppose it would be $125 in another two years, at which point you would sell it all.

Now currently you have to decide whether to donate $100 in cash, or to sell the $100 of stock and reinvest the $100 of cash into the stock. (I've heard of some law that prohibits you from re-buying the exact same stock, to avoid gaming the tax laws, but let's ignore that for now -- in any case, you could buy a different but similar stock.)

If you donate the $100 in cash, then: - You get a deduction of $100 on your taxes this year because of your donation - When you sell the $125 in two years, you realize a long-term gain of $50, which you pay taxes on

If you sell the $100 of stocks and reinvest the $100 in cash, then: - You get a deduction of $100 on your taxes this year because of your donation - You realize a long-term gain of $25 this year, which you pay taxes on - When you sell the $125 in two years, you realize a long-term gain of $25, which you pay taxes on

In both cases, you get a deduction of $100 this year, and you pay long-term capital gains taxes on $50 (albeit at different times). So unless you expect that your tax rate will be a lot higher in two years, it doesn't seem like this is really helping.

In fact, since you sold and re-bought your stocks, you've reset the buy date, and now it's possible that any gains you make will be short-term capital gains (if you sell the stock within a year), which would then be taxed at a higher rate.

Comment author: Andy_Schultz 18 April 2016 01:45:21AM 1 point [-]

If you donate the stock directly to a charity without selling it first, you don't pay taxes on long-term gains. In your example, if you donate $100 of stocks and reinvest the $100 in cash, then you don't pay taxes on the $25 capital gain. When you sell the $125 in two years, you pay taxes on a long-term capital gain of $25, compared to the gain of $50 if you donated the $100 in cash instead.

Here's an article that describes this in more detail: http://www.fivecentnickel.com/2010/04/30/reset-your-investment-cost-basis-with-charitable-donations/ It also mentions the wash sale rule, which might be the law that you were thinking of. That rule only applies if you sell assets at a loss, so it wouldn't come into play here.

You're right that you could end up paying more in taxes if you sold the stocks less than a year after reinvesting. Another caveat is that you can only deduct donations of stock up to 30% of adjusted gross income, unlike 50% for cash donations.

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