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Re:Whole Foods workers seek to unionize by spython on Thursday September 06, 2018 @08:09PM (#17930796)
So you replied that you'll donate the money yourself to the charity of your choosing?
Re:Whole Foods workers seek to unionize by notyourwork on Thursday September 06, 2018 @08:12PM (#17930816)
To which they replied, "no worries let me know your favorite charity and we'll send it over right away!" LOL
Re:Whole Foods workers seek to unionize by spython on Thursday September 06, 2018 @08:40PM (#17931000)
Here the potential employer is clearly looking for an indication of the financial situation of the candidate, to be in the position of power when negotiating the salary. So it would be important to deny this data. A simple "Here's my bank account, I'll donate it myself" should be enough.
Re:Whole Foods workers seek to unionize by cliffordthedog on Thursday September 06, 2018 @08:43PM (#17931020)
They had already rejected me, so who cares.

Though I do appreciate your well cultivated sense of suspicion and cynicism. Keep it up!

Re:Whole Foods workers seek to unionize by fma on Thursday September 06, 2018 @09:47PM (#17931307)
Before Trump's tax law which upped the standard deduction to the point very few have the ability to deduct... a benefit of donating yourself is your can deduct it from your taxes.
Re:Whole Foods workers seek to unionize by smileysteve on Thursday September 06, 2018 @10:32PM (#17931470)
But, you'd have to recognize it as earned income; and you'd have to pay self employment taxes on it; making the donation cost you money.

-- OR --

You file it as income to your sole proprietorship or llc; you "sponsor" something charitable as an expense.

Either way, the deduction and the income are at best 0 sum.

Though, if it's less than $600; they may not file a 1099 and you may "forget" to report it.

Re:Whole Foods workers seek to unionize by fma on Thursday September 06, 2018 @11:52PM (#17931756)
I'm a little confused on your comment? Is this in regards to how to deduct a donation post-Trump tax law?

I'm a regular salaried employee, all my income is reported on a W2. Pre-Trump, if I donated $ to my favorite charity...it's deductible if I exceed standard deduction.

Re:Whole Foods workers seek to unionize by smileysteve on Friday September 07, 2018 @07:46AM (#17933503)
Pre 2018 or post are the same for how the deduction is a deduction and not a credit.

That is to say that on w2 income you will pay payroll tax and on 1099 you may pay self employment tax -- in addition to income tax. You then get to deduct the income tax only. So the presented case, to get paid a small sum as a contractor that either you or the company will donate to a charity; it's going to be a net 0 or net negative to take the income and then donate it 100% compared to letting the company donate it.

The relevant changes were to the standard deduction and the % cap (if you're donating >50% of your income). Technically, the standard deduction doesn't matter here at all, that's a choice, it would be a net negative for the filer to choose itemized over the standard if they don't exceed the standard.

The 2018 changes also effect the pass through rate, so there is a small possibility that if you took payment in your pte, you'd be taxed at 21% cap, your business didn't make enough to pay self employment tax, and then you donate the money from your normal earned income at the 22 or 24% rate.