Donations as a way to rip off taxpayers
Here is my thought:
Any donation(not talking small $-but BIG $)cost actually us ,taxpayers a whole bunch, and we are not even asked !
Scenario-a person donates 1,000,000 $ to a "cause'. The cause is more" political" yet it is allowed to be done,so it is not a real help to the needy.
The donator gets HUGE morale credit for it( think influence too )likely will get HUGE PR credits,and free advertisement too.
Then the donator writes off the donation ,at the end of the year.
Since the donator makes a LOT of money to be able to donate 1 mil-lets say,there is 500,000 $ back to his/her pocket AFTER taxation(by means of not paying taxes on the 1 mil revenue he/she made).
Here is the catch-since that person earned the 1 mil,then donated the 1 mil-got back 0.5 mil=there is 500,000 $ missing from the Revenue ,for the Government!
The Governement has to fill the needs due of budgeted expenses for the year!
So-indirectly,the 1 mil $ donation(again-to BS cause)will actually cost us, since us the taxpayers have to make up for the lost 0.5 mil portion.
The donator is out for 0.5 mil-but benefits hugely(to a cause not even being in the best interest of the taxpayers),yet we are on the hook for the other 0.5 mil
Thoughts?