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When the cashier asks if I want to round up and donate my 28¢ to help sick kids in hospitals (lemmy.world)
submitted 3 months ago by to c/memes@lemmy.world
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[–] 18 points 3 months ago (4 children)

Yeah. You’re donating to a dedicated account managed by the company and they in turn make a huge donation at the end of the year for maximum tax write off. So you donate and they benefit

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  • [–] 13 points 3 months ago (2 children)

    Is that on a company by company basis? Because I used to think the same until I saw a receipt from Panda Express that said to hold on to it so you can claim the donation on your taxes. Which would mean Panda can’t claim it on their taxes.

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  • [–] 19 points 3 months ago (1 child)

    Usually they can't do that.

    You're not giving companies a tax break you're just contributing to their marketing / good will budget. They collect so they 'can be good cooperate citizens' and hand someone a giant check and make a press release.

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  • [–] 1 point 3 months ago

    Not saying someone in the company would get a kickback for their choice "charity". Or that the charity chosen is a tax shelter for board members.

    Even if their not getting direct tax relief, never assume goodwill.

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  • [–] 9 points 3 months ago

    Incorrect. You get credit for the donation; it does not affect the company's taxes. Its just that most people don't claim the tax credit, because most of us don't donate enough to itemize rather than take the standard deduction.

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