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re: Another Example of Tipping Culture Out of Hand

Posted on 4/29/24 at 7:47 am to
Posted by Huey Lewis
BR
Member since Oct 2013
4662 posts
Posted on 4/29/24 at 7:47 am to
quote:

There’s no way that stuff goes to charity huh? Or is it just a way for the company to say “Hey we donated ex amount of dollars to so and so this year!” Even though it really isn’t their money that they’re donating


It goes to the company's non-profit and it's a write-off for the company.

So you're paying extra for the company to retain earnings instead of paying taxes, and they funnel your extra money to a non-profit that probably only exists to launder money back to company brass and/or their families who are employed by the NPO.
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