If, for example, you are at checking out at Home Depot and they ask you “would you like to round up your total to the nearest dollar to benefit x__________ charity” DONT do it. They are taking that money and donating it in their name and using that donation to be tax exempt.
If you feel so inclined, donate it personally and help hold these mega corporations accountable for what little taxes they do have to pay.
I'm not giving them $10 to pay their taxes, I'm giving them $10 to donate to charity. They don't have to pay taxes on that $10, sure, but they certainly can't use it to pay their bills.
The cost equation is the same, to reduce tax cost by $10 you have to increase charity cost by $10.
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right but the government takes $10 off their taxes anyway.
100 + 10 (donation) - 11 (taxes) + 10 (rebate) - 10 (donation spent) = $99
you're up $9 on the whole exchange