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by LanceH 1164 days 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...

2 comments

where 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.
I don't know - that's why I was asking if this was the case.