This isn't how write offs work

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Jun 21, 2024
1:56:57pm

cougarfann888 All-American

This isn't how write offs work

I mean sure they wouldn't get taxed on the amount donated but there is no other benefit

This message has been modified

Originally posted on Jun 21, 2024 at 1:56:57pm

Message modified by cougarfann888 on Jun 21, 2024 at 1:58:01pm

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cougarfann888

Bio page: cougarfann888
Joined: Oct 10, 2010
Last login: Jun 27, 2024
Total posts: 28,038 (88 FO)

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Messages

Author

Time

There is no way all these fast food places that ask for a donation to a charity

boorad

Jun 21, 1:49pm

Even if they contribute 100%, it’s a tax write off for them. Win win.

Boring

Jun 21, 1:52pm

This is the reason and they can claim in their annual report $X million donated

SwanSong

Jun 21, 1:55pm

You don’t understand tax law. It’s a wash. No tax benefit.

Acorn

Jun 21, 1:55pm

Basically what I said. The company isn’t impacted thanks to the write off and

Boring

Jun 21, 2:34pm

This isn't how write offs work

cougarfann888

Jun 21, 1:56pm

There may be some corporate incentive that they qualify for, but the money being

Acorn

Jun 21, 2:02pm

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