jeffw@lemmy.worldM to News@lemmy.world · 9 months agoWill and Jada Pinkett Smith charity closes down after decreasing donations post-Oscar slapwww.salon.comexternal-linkmessage-square114fedilinkarrow-up1355arrow-down115
arrow-up1340arrow-down1external-linkWill and Jada Pinkett Smith charity closes down after decreasing donations post-Oscar slapwww.salon.comjeffw@lemmy.worldM to News@lemmy.world · 9 months agomessage-square114fedilink
minus-squareKecessalinkfedilinkarrow-up1arrow-down1·9 months agoThat’s exactly what you said You give 100k to a charity, it’s used to pay the salary of an employee, 20% in taxes is paid on that, somehow the government is out 80k. Well no buddy, the government is out the difference between what you had to pay in taxes on that 100k and the 20k in taxes the employee pays.
minus-squarejeffw@lemmy.worldOPMlinkfedilinkarrow-up1arrow-down3·9 months agoBuddy, these people don’t make 100k. They make 100M. 100% of their charitable contributions count against their tax burden. Please read the articles I linked before you continue to reply with nonsense
That’s exactly what you said
You give 100k to a charity, it’s used to pay the salary of an employee, 20% in taxes is paid on that, somehow the government is out 80k.
Well no buddy, the government is out the difference between what you had to pay in taxes on that 100k and the 20k in taxes the employee pays.
Buddy, these people don’t make 100k. They make 100M. 100% of their charitable contributions count against their tax burden. Please read the articles I linked before you continue to reply with nonsense