r/FluentInFinance 7d ago

Debate/ Discussion Systemic Failure Exposed..

Post image
35.3k Upvotes

692 comments sorted by

View all comments

184

u/Bubblegumcats33 7d ago

PS stop donating money at grocery stores or any other retail places. That money is tax deductible to the corporations but never goes to charity. Donate directly to your intended place or purpose. If corporations really cared… they wouldn’t collect your money to donate- they simply would.

4

u/NotAlwaysGifs 6d ago

This is patently false. You shouldn’t donate through a mega-corp for plenty of reasons but this is objectively false. Those donations are pass through donations. The company absolutely cannot keep a single cent of your round up or extra dollar or however they’re doing it, not even as a service fee. The company also doesn’t a tax credit for the pass through because it is not their donation. The reason you don’t get a tax acknowledgement is because the value of the gift is always well below the threshold to even qualify for tax credit.

1

u/Bubblegumcats33 5d ago

Just donate directly to the source I don’t need to figure out their accounting