1005
We're barely hanging on here.
(media.kbin.earth)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 07 Jun 2024
1005 points (98.9% liked)
Microblog Memes
5801 readers
683 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
Has anyone properly investigated these buttons.
Part of me wonders if it's just giving them $20 off their taxes.
Edit: Assuming they follow the law, they don’t use your point of sale donations according to this article
https://www.taxpolicycenter.org/taxvox/who-gets-tax-benefit-those-checkout-donations-0
Half errant OG statement: It’s absolutely a tax write off for them. It’s a double bonus for them because they can choose which charity it goes too as well.
What happens to the money you donate at the cash register?
This is where you round up your bill to give to a charity designated by the retailer, and the donation amount appears on your receipt. The store serves only as a collection agent for your gift. 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. But you probably won’t.
Considering the amount of wage theft that goes on, I never assume that.
I wonder if the credit card processor takes their percentage of the transaction and then kicks some of that back to the retailer for donations. It seems like that would end up being a tiny amount of money, though.