Submitted by [deleted] t3_10n91jb in technology
occipixel_lobe t1_j68oj88 wrote
Lol it was a scheme to avoid taxes, people. All of these charity donation requests at checkout in your local big box store are also for that. Just a way to avoid paying taxes.
favpetgoat t1_j68rzkb wrote
Totally but this one was free for the user AFAIK, Amazon would donate whenever you buy stuff through smile.amazon.com but they didn't ask you to pay for the donation
crtjer t1_j69bgcm wrote
It was free
eyjay t1_j68yl73 wrote
Iirc the charity thing at stores being a way to avoid taxes is a myth. However, it does give them good pr to donate to the charities by way of their customers
daviEnnis t1_j68x992 wrote
How does it avoid taxes?
[deleted] OP t1_j694uud wrote
[removed]
occipixel_lobe t1_j69fuuu wrote
The Amazon Smile foundation gets to write donations off on taxes - NOT
you. So... who do you think owns the Amazon Smile foundation??
Here: https://www.goodwillsemi.org/shop/the-benefits-of-using-amazon-smile-when-making-purchases/
BudgetUncle t1_j69lsqa wrote
Why would the customer get a write off? They aren’t making a donation. They pay the same price on Smile or not, and the price of for the item they are buying.
Why should Amazon not get to write it off (under current tax law)? They are making a donation.
daviEnnis t1_j6a3z4y wrote
How does it avoid taxes though? They still turn out with less money than they otherwise would, if not for that charitable donation.
They lose money on smile, which is also why they're cancelling it.
JenniferJuniper6 t1_j6byuw6 wrote
Because they’re making the donation, not you. You don’t contribute anything to Amazon Smile. The price is the same whether you make it on Smile or not. Why would you get a deduction? And honestly, most of us are not generating enough donations to even beat the standard deduction, so we wouldn’t get a deduction anyway.
xal1124 t1_j6gpqx5 wrote
Why do you keep reposting this incorrect reply?
tablecontrol t1_j699a38 wrote
> a scheme to avoid taxes, people. All of these charity donation requests at checkout in your local big box store are also for that. Just a way to avoid paying taxes.
this is false
occipixel_lobe t1_j69fqln wrote
Nope, it's true. The Amazon Smile foundation gets to write donations off on taxes - NOT you. So... who do you think owns the Amazon Smile foundation??
Here: https://www.goodwillsemi.org/shop/the-benefits-of-using-amazon-smile-when-making-purchases/
He_who_bobs_beneath t1_j6a68dz wrote
The knowledge of Reddit’s amazing taxation accountants never ceases to amaze me.
FasterThanTW t1_j6b44l8 wrote
In Amazon's case they are the ones making the donation, not the customer. In the case of the store, the customer is making the donation and the store doesn't get any tax advantage from that
Viewing a single comment thread. View all comments