this post was submitted on 17 Aug 2023
1075 points (94.9% liked)
Memes
44992 readers
3252 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Do people still not understand how donations/charities work? If they sold it for $100 and donated $100. Yes, they technically get a tax deduction. But it doesn't change how much profit they made. If they had tossed it in the trash they'd still have the same amount of profit. They just aren't paying tax on the $100 they sold it for because that money is being donated.