30
submitted 1 month ago by bpt11@sh.itjust.works to c/asklemmy@lemmy.ml

If I’m in the checkout at a business, say McDonald’s or Walmart or Kroger or whatever, and they ask if I’d like to round up to donate to some charity, I usually say yes. But should I be doing this? I heard somewhere that I shouldn’t because they can claim that as a donation from them which contributes to them paying less taxes or something, I’m not sure if that’s 100% how it works but I figure that it benefits them somehow or why else would they do that?

you are viewing a single comment's thread
view the rest of the comments
[-] BadlyDrawnRhino@aussie.zone 21 points 1 month ago

The thing about the corporation paying less taxes is a myth. The extra contribution you make counts as revenue in their books, and that revenue is then offset as a donation, making no overall difference to their tax benefits.

That said, it does help them in other ways, mostly around marketing. They can then say they've made a massive amount of charitable contributions, when really it was their customers that did so.

As others have said, by making that donation at the checkout, you haven't really made an informed decision about whether the charity is one you would donate to otherwise, so if that's important to you you should stop doing so.

The way I look at it, if you are going to make a conscious decision to donate to charities you support, there's no real reason to round up at the checkout. But if you aren't really going to be donating otherwise and you're not struggling financially, you may as well make that small contribution at the checkout.

[-] moody@lemmings.world 4 points 1 month ago

They don't get to count it as revenue or use it to offset anything. If you're making a donation through them, it's going to be listed on your receipt and YOU get to claim it on your taxes.

this post was submitted on 25 Nov 2024
30 points (94.1% liked)

Asklemmy

44173 readers
1525 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS