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Well of Goodwill: Final Totals

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Nines

Nines

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Drakkath said :

this is just wrong- why do people think that by companies donating to charity it costs them nothing or somehow benefits the company? the money they donate is taken out of their profits - while also reducing their tax bill it also reduces their profits by more. What? Utterly nonsensical. Charitable contributions are 100% tax deductible. It comes directly off their tax liability at a 1:1 ratio. Until their tax liability hits zero it's essentially "Free." It doesn't touch their profits.

Alvos said :

I doubt the tax reaches 160k dolars.

15% (a conservative number based on US rates, UK is known to be much higher) of twenty million profit is 300k. Even both Well of Goodwill promotions only equal 250k.

08-Dec-2014 01:13:40 - Last edited on 08-Dec-2014 01:17:50 by Nines

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08-Dec-2014 11:21:49

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