Lagkiller

joined 10 months ago
[–] Lagkiller@alien.top 1 points 10 months ago

Your donating on there behalf so they get a tax break.

No, they don't.

[–] Lagkiller@alien.top 1 points 10 months ago

That's not how that works. If they wanted to use it to lower their taxes, they'd need to accept the donations as revenue first making their total deduction net zero

[–] Lagkiller@alien.top 1 points 10 months ago

How would that happen? You donate $20, the company accepts that as revenue, donates it, writes of $20. The net effect of this is zero.

[–] Lagkiller@alien.top 1 points 10 months ago

No, they don't. In order for them to receive a tax credit for it, they'd have to take those donations as revenue first. They can't just claim a donation of someone else's money on their taxes.