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   Ben Scheirman (bens@mastodon.xyz)'s status on Wednesday, 29-Nov-2023 05:10:16 JST Ben Scheirman

   • Thomas 🔭🕹️

   @thomasfuchs I wouldn't say _scam_, but don't they get to write a big check to charity and use that for tax relief?

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     AK (ak@mastodon.social)'s status on Wednesday, 29-Nov-2023 06:32:17 JST AK

     • Thomas 🔭🕹️

     @thomasfuchs People really do not understand tax deductions at all.

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     AK (ak@mastodon.social)'s status on Wednesday, 29-Nov-2023 06:42:27 JST AK

     in reply to

     • Thomas 🔭🕹️

     @thomasfuchs The misconception that people have is that there is some way to get more money back via deductions than whatever you spent it on. I guess because people know that corporations are smart about tracking deductible spending so they think it is somehow net profitable.

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     AK (ak@mastodon.social)'s status on Wednesday, 29-Nov-2023 06:42:28 JST AK

     • Thomas 🔭🕹️

     @thomasfuchs Ha, no. You might take economics as an elective but rarely “home economics” or anything related to financial literacy.

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     GNU Too (gnu2@gnusocial.jp)'s status on Wednesday, 29-Nov-2023 06:59:52 JST GNU Too

     • Thomas 🔭🕹️
     American high schools are not universal. Various public schools within a particular state usually are. The one I went to did not include this information, or if it didn't it was taught so poorly that I don't remember it.
   • Embed this notice
     Matt Ferrel (mattferrel@mastodon.sdf.org)'s status on Wednesday, 29-Nov-2023 07:32:28 JST Matt Ferrel

     • Thomas 🔭🕹️

     @thomasfuchs it feels like a scam even though the company isn’t getting a tax deduction. It’s their ability to use the funds raised as PR to cover for their business practices.

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     Ben Scheirman (bens@mastodon.xyz)'s status on Wednesday, 29-Nov-2023 08:18:19 JST Ben Scheirman

     • Thomas 🔭🕹️

     @thomasfuchs I’m not an accountant, but my simplistic view of this is they would collect $x from customers, donate it, and claim $x as a deduction.

     Is this not correct?