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If i recall the same happened when google replaced their holiday gift phone with donation to some charities they picked.
by dilyevsky 6y ago
If i recall the same happened when google replaced their holiday gift phone with donation to some charities they picked.
- sjwright 6y agoAnd then the accountants probably tabulated them as corporate donations. So were they gifts from the employee or not?
- sokoloff 6y agoIf you make a donation in someone's name, you get the tax deduction, not them. Google couldn't "pay" the employees in some non-taxable form and then let the employees take the $1000 deduction even if they wanted to (which they don't).
- sjwright 6y agoThat’s my point. The donation is financially a corporate donation, but is being marketed to the employee as a perk of their employment. That it’s “their” donation.
- Godel_unicode 6y agoThe perk is your charity gets the money, the point of giving to charity isn't the tax benefits...
- sjwright 6y agoAgain yes, that’s exactly my point. They are double dipping on the good will; first as an employee perk, second on their corporate annual reports.
- sokoloff 6y agoIf I care about cause XYZ and as part of my employment, my company gives $1000 to a charity that I picked which supports cause XYZ, that absolutely has value to me.
- voisin 6y agoBonuses to employees are compensation, so tax deductible to the corporation just like a charitable donation.
- mulmen 6y agoWait what? Who gets the tax break there?
- khuey 6y agoIt should be a wash either way unless someone falls into some weird edge case where deductions are limited. The corporation is deducting the payment either way, either as comp paid out to employees or as a charitable donation directly.
- dilyevsky 6y agoThat’s probably correct but previously they were also paying your taxes on the gift for you (i know). Since they didn’t share all the details it was hard to figure out if how it played out financially. I didn’t have a dog in that race bc I couldn’t stand android so I wasn’t even claiming my gift previously but it was interesting to watch the political pickle they got themselves in
- mcny 6y agoIf it is a thousand dollar donation, what am I going to do with the tax break? I still have to take a standard deduction. What am I missing?
- dilyevsky 6y agoMajority of goog employees were making high salary in California so very few people in head office were taking standard deduction especially before trumps tax changes
- dlp211 6y agoCharity is an above the line deduction.
- Thorrez 6y agoNo it's not. $300 can be an above-the-line deduction. Any donation beyond that is below the line. https://www.aarp.org/money/taxes/info-2020/how-to-deduct-2020-charity-donations.html https://www.aarp.org/money/taxes/info-2020/how-to-deduct-202...
- harryh 6y agoBefore it was a gift phone it was $1,000. They changed that in....2008ish maybe. I can't remember the exact year.
- fred256 6y ago2008, it was a T-Mobile G1 which was the first Android phone on the US market.
- dilyevsky 6y agoThe year before i joined - 2010 was last one afaik (also when it got leaked)
- rachelbythebay 6y ago2009 leaked. Tweeted while most of us were still in line. Still got the screenshot. <name> One thousand dollar impromptu cash bonus. I work for Google!! ... October 16th. Dumb.
- lokar 6y agoThanks Randy!
- deleted 6y ago[deleted]
- rachelbythebay 6y ago2009 was both. Cash a few months before, N1 right before Christmas.
- kevinyew 6y agoNot to sound miserly, but how is this a bonus for the employee whatsoever?
- brandmeyer 6y agoThe Christmas gift was in addition to the normal annual bonus payed out in January.
- quelltext 6y ago"The Human Fund" - since Festivus 201X