Don't we all hate this
Don't we all hate this
That’s not how tax deductions work. All the write-offs allow is for them to not count the money donated as income, so they make the same amount of money on the sale whether or not you donate.
The benefit to the company is PR or donating to a non-profit with a mission that aligns with their corporate goals. For instance, Bass Pro may ask you to donate to wildlands preservation non-profits that maintain environments in which people fish and hunt.
The amount of misconceptions and misunderstandings regarding how taxes work is astounding.
See also: tax brackets. No, getting bumped up to the next tax bracket won’t cause you to make less money after taxes. There are some benefits cliffs that do work like this (e.g. ACA subsidies), but that’s not income taxes work.