So McD’s asks you, when you pay, to round up the cost of your order for charity. My question is this: I’m giving the money to McD’s, not the charity. Am I then helping them get a bigger tax deduction for corporate giving? So my 18 cents they match means they get credit for a 36 cent charitable gift?
In: Economics
Tax deductions don’t work like that. The only deduction they’d get is that they’re not paying tax on the money you donated. They wouldn’t pay it if you donated another way either.
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