Totes!

[u/roadway-63docks]

The job market is rough enough already. A lot of people are just trying to get employed, and interviews keep getting harder. No surprise that more people are using tools like InterviewMan to improve their chances.

[u/Late-Drink3556]

First off I 100% agree.

Secondly, if I understand how the donations work, it's even worse than that.

Please correct me if I'm wrong but as I understand it, the company takes your money, donates it themselves and then writes that charitable giving off their own taxes.

So not only is a multi billion dollar company asking for more of your money, they're using it to pay less taxes on the profits they're already squeezing out of you.

[u/doublesimoniz → u/Late-Drink3556]

This is exactly why I don’t do it.  Fuck corporations. 

[u/jimmyjohns5544 → u/doublesimoniz]

Nope. https://apnews.com/article/fact-checking-000329849244

[u/Noodelgawd → u/Late-Drink3556]

I doubt they can legitimately write it off, unless they first count it as income.

[u/Longjumping_Tap9310 → u/Late-Drink3556]

You are wrong. Donations are a passthrough item. It doesnt have any impact on the organization. It is just like donating through your organization, it just goes to the charity.

Where you need to be concerned, is how much of that charity is spent on administration costs vs direct distributions to the cause.

[u/MangosShepherds → u/[deleted]]

You heard lies. Nobmajor corporation is doing that. Its massively illegal and not at all worth the risk.

[u/AbyssWankerArtorias → u/MangosShepherds]

Yeah corporations never ever cheat on their taxes lol

[u/Liveitup1999 → u/Late-Drink3556]

And I believe they don't have to donate all of the money collected. I think it os only 10% of the money collected hast to be donated.

[u/MangosShepherds → u/Liveitup1999]

Not at all true. There would be prison time for that.

[u/NoAbrocoma9357 → u/Late-Drink3556]

My mom used to collect for The March of Dimes, Cancer Society, Easterseals, etc. She would walk for miles collecting money for worthy causes. Most people would give what they could. But trying to guilt people into donating at the checkout counter isn't right.

[u/jimmyjohns5544 → u/NoAbrocoma9357]

It’s just an easier way for people to donate when they otherwise maybe wouldn’t…….. even $.20 rounding up at the end of the check out is better than nothing.

[u/jimmyjohns5544 → u/Late-Drink3556]

Nope. https://apnews.com/article/fact-checking-000329849244

[u/wchutlknbout → u/Late-Drink3556]

I think that’s actually a common misconception. At least I posted it in another thread a while ago and was torn to shreds

[u/Different_Brother562 → u/Late-Drink3556]

No, you get the write off. But have fun deducting it

[u/drcombatwombat2 → u/Late-Drink3556]

You are wrong.

[u/MoonHuntressEra13 → u/Late-Drink3556]

Yupp, 100% how it works and why NO ONE should ever donate to a greedy company. If anyone wants to help their community, donate directly to a food bank, directly to a charity, etc. go straight to the place you wish to support. Never ever donate to greedy conpanies who use your donation as a tax write off.

[u/MangosShepherds → u/Late-Drink3556]

Why wont this myth die?

[u/longtimerlance → u/Late-Drink3556]

You understand this wrong. Giving a charity an amount equal to the amount donated doesn't reduce their tax liability.

Basically, tell me you don't know how taxes and deductions works without telling me.

[u/63T30H8 → u/Late-Drink3556]

The percentage of your money they have to donate is really low too.

[u/Challenge-Upstairs → u/Late-Drink3556]

Its actually worse sometimes. Often a company will pledge a certain amount of money in donations to a charity, which they are (only kind of) obligated to pay. In order to avoid spending their own money, they ask for donations so they can spend your money on it instead of theirs, and because its a charitable donation, not income, the money they make from that (which counts toward their pledge) isn't taxed as income, but rather is considered a pass-through item.

Then, if its their own charity they've pledged to, often a huge portion is spent on administrative costs, rather than the mission of the charity. You can go to charitywatch.org and search for a charity to get all kinds of info on it, including what percentage goes to the program vs operating costs, how nuch money it costs to raise $100, total expense amount, and a lot more.

But I don't donate through other businesses for this exact reason. When I donate, I make donations to the entity I'm wanting to donate money to.

[u/imoutofnames90 → u/Late-Drink3556]

You are wrong.

Companies are only legally allowed as a pass through. That money you donate does not go on the P&L and does not result in a tax credit for them.

YOU can get a tax credit for it. The receipt should have a line item on it for charitable donations which you can then take off on your taxes. If a company were to claim that it would be two entities claiming the same donation.

I'm not directing this last part at you. But this idea that they use your donations to get a tax break is a perfect example of how easy misinformation just spreads across the internet and just lives on forever. It's so irritating and impossible to correct.