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[–] 37 points 6 months ago* (last edited 6 months ago) (20 children)

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.

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  • [–] 51 points 6 months ago (16 children)

    I don’t think they can get a tax break, but they definitely get the media attention.

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  • [–] 12 points 6 months ago (2 children)

    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.

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  • [–] 7 points 6 months ago (1 child)

    No, that's not how it works. All they get from the donation is good PR.

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  • [–] 6 points 6 months ago*

    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.

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  • [+] -15 points 6 months ago* (last edited 6 months ago) (12 children)

    They totally do, at least in the USA they do. Well documented corporate practice.

    edit: FALSE! Was this ever true? I was indeed confident. No longer, for now.. Thanks for bringing all the receipts, so to speak.

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  • [–] 38 points 6 months ago* (last edited 6 months ago) (8 children)

    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

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  • [–] 13 points 6 months ago (7 children)

    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.

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  • [–] 6 points 6 months ago (5 children)
  • [–] 5 points 6 months ago* (4 children)

    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.

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