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Dec 3, 2024
12:27
:58
pm
Chefcurry
Truly Addicted User
Yes I’m pretty sure. Which is why I never do it. They’re double dipping.
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Chefcurry
Previous username
Lakerone
Bio page
Chefcurry
Joined
Feb 18, 2017
Last login
Dec 4, 2024
Total posts
19,597 (163 FO)
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Messages
Author
Time
Do these businesses that ask you if you want to round up for charity get a tax
SuperTank
Dec 3, 12:27pm
<< Deleted >>
Ragnar Danneskjold
Dec 3, 12:27pm
Yes I’m pretty sure. Which is why I never do it. They’re double dipping.
Chefcurry
Dec 3, 12:27pm
Logic would make me think they don't collect taxes on the donations, and they don't get to claim the benefit. But it's
Ragnar Danneskjold
Dec 3, 12:29pm
You're effectively reimbursing them for their donation.
d-coug
Dec 3, 12:29pm
100% incorrect.
TCuz
Dec 3, 12:48pm
"effectively"
d-coug
Dec 3, 12:51pm
No, it’s still wrong. They do not “write it off” nor is it their donation. It’s your donation
TCuz
Dec 3, 12:56pm
Sure, in the scenario they don't claim any donation themselves.
d-coug
Dec 3, 1:01pm
That’s a different scenario that not a single person in this thread is discussing
TCuz
Dec 3, 1:24pm
<< Deleted >>
TCuz
Dec 3, 12:55pm
Not if they’re following the law, no.
allaboutthegainz
Dec 3, 12:30pm
No, I mean they aren't paying taxes on it if that what you mean
cougarfann888
Dec 3, 12:32pm
If they round up $50k in donations and actually donate it then they should
ShinobiCoug
Dec 3, 12:36pm
But they aren’t the ones donating the money. It should be a tax deduction for
SuperTank
Dec 3, 12:47pm
What he's saying is they would be booking it as a revenue and an expense.
cougarfann888
Dec 3, 1:29pm
Exactly. Their taxable profit doesn't change. And if you make the donation then
ShinobiCoug
Dec 3, 1:43pm
No, they do not. Common internet myth.
TCuz
Dec 3, 12:47pm
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