I never see the results of all the asking either, the large cheques that you see posted in the front of these stores never seem to amount to the millions of dollars you would think. In the end they will claim the value of the money given as tax break for the business and you get poorer. Funny that.
My grandparents ALWAYS CALLED THIS A SCAM
Bloody Shell asked me the other day if i wanted to donate money to some shell sponsored forests. Yeah right, fuck off multinational capitalist scum
some shell sponsored forests
I initially read “forests” as “fascists”
Those are probably their ‘carbon offsets’ too so already making money and trying to make more on it.
I hate the self checkouts. I scan everything, put it in my bag, want to pay, but then there’s a check. So I have to unpack everything, wait for someone to scan everything, then pack everything again. From the 40 self checkout counters there’s only 1 for cash money, while I have a lot of cash from selling stuff second hand so need to get rid of it. There’s always a line. Oh how I feel shitty AF when I have to unpack and pack everything with 9 people breathing down my neck. And if I made a mistake, they treat me like a criminal. I’m not being paid to do their job! For fuck sake. And even though I don’t give a shit about this super rich mega company who extort their personnel, I’m too honest of a guy to steal anything (even though they deserve being stolen from). I’m autistic. I just simply can’t. But when I made a mistake, being treated like a criminal while being an honest person makes the whole experience so much worse.
So I resort to ordering groceries online, buy in bulk so I only have to deal with a delivery person once in a while. But next to being autistic, I also have ADHD which causes me to always forget at least one thing from every meal I plan to make, forcing me to go to the store anyway.
Just let me put everything on the conveyor belt, say hi, pay, say thanks bye, grab my shit and go. And repeat this step 3 times until I have everything I forgot.
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They want you to give them a tax break. It’s a scam like all capitalism is.
That is wrong on so many levels, but it is so true. What if our brains actually think this?
And they get credit for donating even tho it was actually their customers.
In many cases they also cause the child hunger by paying their employees a wage so low that food assistance is required.
They do not get credit for facilitating your donation. This is a misunderstanding of how donating works based on when I looked it up after saying the same thing. They do it mainly to virtue signal. Either way I share the sentiment of the post.
I think by credit he means they get to brag about how much they “donated”.
Everyone should know by now they don’t get any tax advantages.
If only in the form of a tax break. You’re literally donating to the company asking for the cash.
The store takes your donation, then they donate it and take all the credit.
“Store name” donated $1 million to XYZ Charity.
Not only do they get the credit, they also get tax benefits from the donation.
Update: Seems I am incorrect! Thanks for the polite discourse.
I don’t think they can get a tax break, but they definitely get the media attention.
Well if they donate that money to their own charity then I’m sure they figure out some way to keep most of it. "Admin costs " and such.
No, that’s not how it works. All they get from the donation is good PR.
A lot of billionaires have their own charities.
You telling me they only do it for PR?
I don’t believe it. That’s just not consistent with their greed.
I’m sure that the charitable image is part of it. But I don’t think they are doing it for only that reason.
They totally do, at least in the USA they do. Well documented corporate practice.
I thought so too.
Assuming the business is following the law, it will not include your donation as part of its business receipts, or income, nor will it claim the charitable gift as an expense.
In other words, your gift has zero impact on the store’s income taxes. Keep in mind that the store chooses the receiving charity, so make sure it is one you can support. As a customer, the donation will appear on your receipt and you can claim it as a charitable deduction when you file your income tax return.
https://taxpolicycenter.org/taxvox/who-gets-tax-benefit-those-checkout-donations-0
The receipt thing is a lifeprotip. I didn’t know that.
I always donate directly to organizations because I didn’t think I could get taxes back on it if you donate in a store.
Thank you.
IANAL! Double check.
I prefer “NSA” to “IANAL” because"No soy abogado" means “I’m not a lawyer” in spanish, which is nice because then we don’t have to inadvertently think OP just told everyone he engages in anal sex every time we see the acronym.
Are your itemized deductions usually more than the standard deduction? If not it’s pointless to claim it.
You should at least Google the appropriate laws before being this confidently incorrect.
False. This is an oft repeated myth.
Bring the proof. Because it’s a myth.
So, let’s see your documentation please.
This old myth still… They do not get any tax benefits. That’s not how taxes work. The donation is your donation. You can claim it on your own taxes if you itemize deductions.
They make a dollar, they donate a dollar. No change to tax.
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I always decline, without exception.
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It’s not my duty to pull from my personal funds to support others. I ALWAYS vote to help others with my tax dollars.
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I don’t actually know where my money is going. I haven’t researched these organizations. I don’t know where my money ends up.
So what you’re saying is you’d rather have your money taken from you by force, as long as it’s lawful and you get to pretend you have a say in how it’s used…
I think what they are saying is that they’d rather the burden be distributed equitably across the populace instead of placing the burden entirely on good people.
You really think bad people pay taxes? They’re the ones collecting them!
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I’ve been given the “corporations should be able to run their business how they want and government shouldn’t ban things like they banned weed” too many times on lemmy.
We should ban for profit corporations from doing certain things, this is one of them.
We know they’re using the money as a tax writeoff. Ban this shit. Not everything is drugs.Edit: looks like afaik its not tax deductible for corporations to do this though I would not put it past a small business or local manager to try it. I would prefer other methods for charitable donations other than how well they negotiate with box stores, etc.
I don’t know how it is in your country but last time I checked, it was not used as tax writeoff. Are you sure it is the case ? Because I hear this a lot on the internet and no one bother to check if this is true or not.
It appears as of 2021, you are correct. I still suspect funny business going on but I think you’re right about the taxes.
Edit: I do think that corporations are able to write off fees and services associated with collecting the donations such as technical and administrative costs though its likely very small in comparison to actual donations.
More likely the donations help with employee and customer retention/morale.
I often pass an intersection where a woman is selling ice cold water bottles, and in the other direction, her husband (I assume) is selling flowers. I almost always buy 2 bottles of water from her.
I know that my money is going directly to help a hard working family, instead of some “charity,” where only about 20% goes to the actual research, while executives take millions in compensation.
I used to watch this happen all the time in South Carolina where I used to live… But I also used to do it myself, I’d be like, well hell if we’re gonna sit out here and panhandle, we might as well do it in a group! You knew one thing - that caused a need for - the other thing and then - that other thing would belong to the next thing. It’s a good base strategy.
Donations through a non profit, where the CEO and/or some of their family are on the board and paid a big salary from those donations, so only a fraction makes it to the stated goal.
As far as the world knows, they did. It was the $20 you gave them.
and you didn’t give them $20 so they had to let the orphans starve, nothing they could do.
If it could be verified that they at least matched donations, they might have better luck
I feel like we need pinned comment every time this comes up because the mythology around this topic is so pervasive.
Donating small amounts along with a purchase saves a lot on transaction cost for the non profit organization.
Non profits love these things for volume.
Stores do not make money offering these.
If you dislike being pressured to donate at POS, by all means don’t do it, I don’t either!
Not only that, but most corporations like these match the donations, so you are donating 1$, they are donating 60k$.
