Comic Strips

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Comic Strips is a community for those who love comic stories.

The rules are simple:

The post can be a single image, an image gallery, or a link to a specific comic hosted on another site (the author's website, for instance).
The comic must be a complete story.
If it is an external link, it must be to a specific story, not to the root of the site.
You may post comics from others or your own.
If you are posting a comic of your own, a maximum of one per week is allowed (I know, your comics are great, but this rule helps avoid spam).
The comic can be in any language, but if it's not in English, OP must include an English translation in the post's 'body' field (note: you don't need to select a specific language when posting a comic).
Politeness.
AI-generated comics aren't allowed.
Adult content is not allowed. This community aims to be fun for people of all ages.

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Would you like to donate a dollar? (sh.itjust.works)

submitted 8 months ago by shderz@sh.itjust.works to c/comicstrips@lemmy.world

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[–] Bassman1805@lemmy.world 191 points 8 months ago (29 children)

Ah, this again.

The mega corporation did not receive any tax benefit from collecting donations. They are able to write off the amount of donations from their income, so that they aren't paying tax on the money they collected specifically to be donated.

Company collects $1 donation from customer
Company has $1 extra income
Company donates $1 to charity
Company writes that dollar off of their income.
Company reports the exact same profit/loss as if they had not collected donations.

[–] sudoshakes@reddthat.com 9 points 8 months ago

That leaves out when the company prompting you charges an administration fee to collect part of that sum donated for their own profits.

It leaves out when they, like CVS did with the diabetes association charity collecting at checkouts, take the money as an IOU to the charity while making money out to offset loans in the near term.

It leaves out structuring of collected funds to allow a 503C arm of the corporation to have tax advantaged status while also specifically being chartered to help the for profit company that you are shopping at.

There are a variety of scummy practices employed by organizations collecting those funds and it absolutely can benefit them to do so.

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