• foggy@lemmy.world
    link
    fedilink
    arrow-up
    92
    arrow-down
    5
    ·
    edit-2
    1 year ago

    Do you want to round up to the nearest dollar for a donation so we can have a bigger tax write-off and gain profit rather than us just paying our employees contracted drivers better?

    • VanillaGorilla@kbin.social
      link
      fedilink
      arrow-up
      14
      arrow-down
      1
      ·
      1 year ago

      I think they’ll round up to the next thousand dollars. They don’t seem like they figured that math thing out yet.

      • foggy@lemmy.world
        link
        fedilink
        arrow-up
        4
        ·
        edit-2
        1 year ago

        The fuck I don’t.

        Large donations to charities are absolutely written off. Roughly 40%

        I pay the company to make a large contribution for them to write off. It wasn’t their money. It’s profit now.

        • Alexstarfire@lemmy.world
          link
          fedilink
          arrow-up
          1
          arrow-down
          2
          ·
          edit-2
          1 year ago

          They absolutely write it off. They just don’t make money off it. They say they made a dollar and then donated that dollar so they are asking not to be traced on it. It’s no different than if you sent the charity your $0.57 directly. You can even still write off what you donated. The only notable difference is that the company can say they donated to charity. And some do provide additional funds.

          If they made money off of the donations then why wouldn’t every single company just ask you to donate to charity? Because they don’t and it costs money to take in donations. Often, companies that do it do it for the perceived goodwill. Good PR.

          • foggy@lemmy.world
            link
            fedilink
            arrow-up
            3
            ·
            1 year ago

            It wasn’t their money that they’re writing off of taxes they owe.

            That’s profit.

            • Alexstarfire@lemmy.world
              link
              fedilink
              arrow-up
              1
              arrow-down
              2
              ·
              1 year ago

              If I make $100 selling stuff, you give me $1 to donate, and I donate that dollar. I’d tell the IRS I made $101 and donated $1 to charity. Getting that $1 written off. Effectively telling them I made $100 in profit. If I didn’t get any donations I’d say, hey I made $100 in profit. Where is the part where they profit off the dollar? They can’t donate to themselves.

              This is why you can also tell the IRS that you donated money, because you did.