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0 pointsandirk3y ago0 comments

Income $1 and then give away that $1 is a net negative, so I assume it's more like: I give you, the company, $1 as a "gift", which I'm allowed to gift you some hundreds of dollars per year without an extra tax form. You take that "gift" and donate it, thereby netting you the 35 cents.

Interested to hear specifics if anyone knows!

0 comments

ztrww3y ago

Why wouldn’t $1 that just be counted as regular income?

andirkOP3y ago

Upon some light internet diving (backstroking), it appears that the company cannot deduct the customer's donation, according to a couple random websites.

There's a beer here in the SF Bay Area that words its charitable claim like "up to 8% to local causes", which can mean anything from doing nothing at all to earmarking 8% of the revenue for their new yacht which is parked locally.

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