this post was submitted on 28 Apr 2024
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"No thanks, I research my own charities before making a donation" (lemmy.world)
submitted 6 months ago by [email protected] to c/[email protected]
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[–] [email protected] 117 points 6 months ago (33 children)

This is not how tax deductions for charitable donations work.

  1. You round up to the dollar for a 50c donation
  2. The business has 50c extra income
  3. They write off 50c as tax deductible
  4. They pay the exact same taxes whether or not you make a donation
[–] [email protected] 10 points 6 months ago (1 children)
  1. They show boat about how much they do for charity
[–] [email protected] 6 points 6 months ago (1 children)
  1. They lobby against government aid programs and increased taxes because "look, see, we are help the poors, no need for the government to get involved!"
[–] [email protected] 3 points 6 months ago (1 children)
  1. The charity is operated by the company, and pays fat stacks to the CEO for operating it.
[–] [email protected] 1 points 6 months ago* (last edited 6 months ago) (1 children)

No, no, no, the CEO runs the charity free of charge. That allows the charity to pay for their flights to the Caribbean and it rents the CEO's yacht there (at a discount of course) so the CEO can charitably give a talk about how being poor sucks to potential donors. Of course the charity needs to pay for fuel and food, that's only fair for the value given by the wonderful presentation given by the CEO.

This of course is all done tax free. After all, we wouldn't want to bankrupt these valuable charities.

Not a hypothetical... Here's the Clinton foundation building a luxury hotel in Haiti... You know... For the aid workers or whatever.

https://www.cnn.com/2011/11/28/world/americas/haiti-hotel-clinton/index.html

https://www.theguardian.com/world/2019/oct/11/haiti-and-the-failed-promise-of-us-aid

[–] [email protected] 1 points 6 months ago (1 children)

My apologies, I forgot how truly selfless the CEO class is.

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