• Alexstarfire@lemmy.world
    link
    fedilink
    arrow-up
    3
    ·
    1 year ago

    Do people still not understand how donations/charities work? If they sold it for $100 and donated $100. Yes, they technically get a tax deduction. But it doesn’t change how much profit they made. If they had tossed it in the trash they’d still have the same amount of profit. They just aren’t paying tax on the $100 they sold it for because that money is being donated.