My friend's grandmother is a spouse of a deceased Chrysler employee (passed away 2 years ago). What will happen to the pension she receives? In what cases will it get cut or eliminated?...
75-90% of the company's waste is good quality, clean paper. All that paper is being thrown in the garbage and ending up at a dump. When asked, my superiors wanted to know how much it would cost. ...
I think taco bell is great - and would do well in the UK... but why are their no stores here? Is it becuase they don't have an international license or they just don't think it will go down ...
usually for tax write offs. however, you need to see what charities they are giving to. most money does not reach the person in need. it goes through the bureaucracy that runs it first. many millionaires do run charities, so even though they are donating to a charity there is a chance its their own charity, and they are getting some of that million dollar percentage plus a tax write off for the rest.
Shay~Shay
To keep from paying taxe's and they also use there donation's as a tax write off.
jlimages
Tax write off. Also hopes of donating stock at 5.00 and there announcement and hopefully raising the price to 10.00 the group would make a lot more money, than what the ceo might normally be able to give
answermonkey
Donate 1000 shares of stock worth 500 = $500,000 tax write off.
Sell 1000 shares of stock, which causes the stock to drop to $250 = $250,000 of revenues. Total: income losses.
Arbitrage
It's for tax reasons, as everyone has stated. By donating the shares directly and having the non-profit sell them, the government doesn't get the money. If the person sold the shares, he/she would have to pay capital gains tax and then the proceeds would go to the charity. Charities don't pay tax, let alone capital gains tax.
The tax break is normally for the amount donated, so the CEO would get slightly less of a tax break. The particular situation would dictate whether that would matter or not.
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