[quote=Hobie]Huh??[/quote]
Was that directed to Brian’s comment or the OP?
Brian’s point was a tax deduction requires an initial outflow of $ in the form of an expense or charitable contribution.
Lets say Company A makes a charitible contribution of $100.
Lets say their tax rate is 30%
They will owe $30 less in taxes – but had to outlay $100 to get that $30 – so it cost them net $70.
Now – if the OP is talking about those coin collections at the checkout – I’ve wondered about that for a while. Or the fundraising drives at Costco for Rady’s Children’s hospital… who get the deduction? If it’s the corporation, that seems wrong if the customer is making the contribution.
