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Please explain to me how getting $1 and immediately donating it produces more than that $1 in tax reduction. It isn't about reducing taxes, it's about getting
by LanceH 4y ago
Please explain to me how getting $1 and immediately donating it produces more than that $1 in tax reduction.
It isn't about reducing taxes, it's about getting some sort of altruistic branding/advertising at little to no cost.
It still actually costs the company money in customer throughput, signage, implementation, bookkeeping, etc...
- berdon 4y agoI don't know - that's why I was asking if this was the case.
- dylan604 4y agowhere do you get the claim $1 produces more than $1 in tax reduction? every company looks to lower their tax liabilities. if they make charitable donations, they can use that as a deduction towards that goal. so they can not do the donations and loose out on a deduction, or they can do it without affecting their profits from sales because customers are giving them extra for the purpose.