Whenever a corporation does something good (for example, make a charitable donation) rest assured it’s been calculated that the positive PR will make it financially worthwhile.
That’s a wild misrepresentation of how write-offs work.
If your tax rate is 30% and you make write off a charitable donation of $100, your tax bill goes down $30. Spending 100 dollars to save 30 isn’t the key to riches.
There’s no way to save money through charitable donations.
The implication was that they make donations for the write-offs. That’s not accurate, because it’s never cheaper to make a donation and write it off than it is to just pay the taxes.
Whenever a corporation does something good (for example, make a charitable donation) rest assured it’s been calculated that the positive PR will make it financially worthwhile.
And it reduces its tax burden.
That’s a wild misrepresentation of how write-offs work.
If your tax rate is 30% and you make write off a charitable donation of $100, your tax bill goes down $30. Spending 100 dollars to save 30 isn’t the key to riches.
There’s no way to save money through charitable donations.
How is that a misrepresentation? You justified what I said.
The implication was that they make donations for the write-offs. That’s not accurate, because it’s never cheaper to make a donation and write it off than it is to just pay the taxes.