3 ms·
Pretend I donate a hundred dollars to NPR. I get a tote, mug, and some other stuff that I might value (i.e., otherwise purchase) at $50, but is nominally valued
by smanek 17y ago
Pretend I donate a hundred dollars to NPR. I get a tote, mug, and some other stuff that I might value (i.e., otherwise purchase) at $50, but is nominally valued at $10.
I then get to deduct $90 from income on my tax return, and assuming I'm in a high tax bracket, I get to pay about $30 less in taxes.
Hence, I effectively donated $20 - while the recipient effectively received $90.
Not quite cost free, but not terrible. And yes, I know it's cheating to deduct the 'value' of the gifts - but it's the only semi-reasonable thing I can think of.
- lsc 17y agoyeah, you can save a lot of money cheating on taxes if you don't get audited... but I don't think NPR is selling a more effective means of cheating on your taxes. I think that the mooch bait is much more about having a way to show off "I am a generous and wealthy person, and I gave to this worthy cause" much like tipping heavily when you take your co-workers out to lunch. I mean, I don't really need another bag.
- almost 17y agoI understand tax deductible. But that doesn't make it free. Unless you really do have a mighty need for the free gifts :p I'm kind of having a hard time taking anything else this author says seriously when he also says that.