I never see the results of all the asking either, the large cheques that you see posted in the front of these stores never seem to amount to the millions of dollars you would think. In the end they will claim the value of the money given as tax break for the business and you get poorer. Funny that.
I donate a fair bit of money relative to my income bracket. Sometimes it’s directly to places that need it. Sometimes it’s by donating goods instead of money. Sometimes it’s by entering raffles at work, or buying candy from kids at the store, or a coupon book from veterans.
And sometimes it’s by donating at the till. Look, corpos suck. But one of the only good things they do is solicit donations at the till.
Stores process thousands and thousands of transactions a day, and if even only a handful of those people decide to round up or add a little bit more on top, it adds up to so much money for good causes that I guarantee would not otherwise ever get donated.
And please, please can we put this myth to rest: in no country that I am aware of can a company claim your donations on their taxes. Those donations are yours and yes, you can claim them on your taxes if you are willing to do the work of keeping the receipt and itemizing your deductions. I do this every single year.
They don’t claim it on their taxes, they claim it in marketing
Correct, and I did not repudiate that. It is a bargain that I think is worth striking.
Those donations are yours and yes, you can claim them on your taxes if you are willing to do the work of keeping the receipt and itemizing your deductions. I do this every single year.
Fwiw in Australia only donations over $2 are tax deductible. So round-up donations probably aren’t, unless you’re rounding from $47.95 to $50 or something.
Good to know, thanks!
My grandparents ALWAYS CALLED THIS A SCAM
Bloody Shell asked me the other day if i wanted to donate money to some shell sponsored forests. Yeah right, fuck off multinational capitalist scum
some shell sponsored forests
I initially read “forests” as “fascists”
Those are probably their ‘carbon offsets’ too so already making money and trying to make more on it.
I hate the self checkouts. I scan everything, put it in my bag, want to pay, but then there’s a check. So I have to unpack everything, wait for someone to scan everything, then pack everything again. From the 40 self checkout counters there’s only 1 for cash money, while I have a lot of cash from selling stuff second hand so need to get rid of it. There’s always a line. Oh how I feel shitty AF when I have to unpack and pack everything with 9 people breathing down my neck. And if I made a mistake, they treat me like a criminal. I’m not being paid to do their job! For fuck sake. And even though I don’t give a shit about this super rich mega company who extort their personnel, I’m too honest of a guy to steal anything (even though they deserve being stolen from). I’m autistic. I just simply can’t. But when I made a mistake, being treated like a criminal while being an honest person makes the whole experience so much worse.
So I resort to ordering groceries online, buy in bulk so I only have to deal with a delivery person once in a while. But next to being autistic, I also have ADHD which causes me to always forget at least one thing from every meal I plan to make, forcing me to go to the store anyway.
Just let me put everything on the conveyor belt, say hi, pay, say thanks bye, grab my shit and go. And repeat this step 3 times until I have everything I forgot.
Donations through a non profit, where the CEO and/or some of their family are on the board and paid a big salary from those donations, so only a fraction makes it to the stated goal.
I had a dream where pretty much the same prompt came up but it was offering me a discount for being poor
I always decline, without exception.
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It’s not my duty to pull from my personal funds to support others. I ALWAYS vote to help others with my tax dollars.
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I don’t actually know where my money is going. I haven’t researched these organizations. I don’t know where my money ends up.
So what you’re saying is you’d rather have your money taken from you by force, as long as it’s lawful and you get to pretend you have a say in how it’s used…
I think what they are saying is that they’d rather the burden be distributed equitably across the populace instead of placing the burden entirely on good people.
You really think bad people pay taxes? They’re the ones collecting them!
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That money is going to pedophiles who will in return feed the children
They want you to give them a tax break. It’s a scam like all capitalism is.
And they get credit for donating even tho it was actually their customers.
In many cases they also cause the child hunger by paying their employees a wage so low that food assistance is required.
They do not get credit for facilitating your donation. This is a misunderstanding of how donating works based on when I looked it up after saying the same thing. They do it mainly to virtue signal. Either way I share the sentiment of the post.
I think by credit he means they get to brag about how much they “donated”.
Everyone should know by now they don’t get any tax advantages.
If only in the form of a tax break. You’re literally donating to the company asking for the cash.
As far as the world knows, they did. It was the $20 you gave them.
and you didn’t give them $20 so they had to let the orphans starve, nothing they could do.
Well they will make the donation, but they’ll do it with your money, and then they’ll take the tax deduction for it, and reward themselves with a nice fat end of year bonus from the tax savings. Isn’t capitalism fun?
That’s not how tax deductions work. All the write-offs allow is for them to not count the money donated as income, so they make the same amount of money on the sale whether or not you donate.
The benefit to the company is PR or donating to a non-profit with a mission that aligns with their corporate goals. For instance, Bass Pro may ask you to donate to wildlands preservation non-profits that maintain environments in which people fish and hunt.
But isn’t it true that whatever they don’t pay in taxes via writeoffs, they get to keep and use however they want? They might choose not to give themselves a bigger bonus with those savings on taxes, but…I do doubt it for some reason
It ends up being net zero. They’re only writing off the money you donated. They still have to count the money you donated towards their overall revenue, increasing their tax bill, but then they pass the donation on, allowing them to write it off, reducing their overall revenue (and thus their tax bill) to what it would have been if you hadn’t donated.
Write-offs are deductions from income, not reductions in taxes owed. They only get to deduct the taxes they would have paid if they had kept the donations.
Let’s imagine their annual income was $10,000,000. Their nominal tax rate would have them owing $2,100,000.
If they received a $100,000 in donations, that would make their income 10,100,000. But with the donations they could write off the 100 grand, reducing their tax bill by $21,000, for a total of $2,100,000.
Either way, they pay the same in taxes with or without the donations.
I stand corrected, thanks! I always assume they’re finding a way to directly enrich themselves further, because they often are.
yes
