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A comment on Whole Foods workers seek to unionize. Parent comment

Re:Whole Foods workers seek to unionize by gardnr on Thursday September 06, 2018 @09:42PM (#17931283)
I'm not a tax attorney but I don't think that's how deductions work.
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Re:Whole Foods workers seek to unionize by asntbqjkwbucaa on Thursday September 06, 2018 @10:19PM (#17931424)
Do you mind explaining more?

I was under the impression that a corporation can take a tax deduction for charitable donations. There's a line item for it on Form 1120 (https://www.irs.gov/pub/irs-pdf/f1120.pdf)

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Re:Whole Foods workers seek to unionize by smileysteve on Thursday September 06, 2018 @10:24PM (#17931439)
In order to take the tax deduction of an expense to a charity they have to first recognize the income the customer just gave them.

Since the income and the deduction directly offset each other, this is a zero sum maneuver.

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Re:Whole Foods workers seek to unionize by asntbqjkwbucaa on Thursday September 06, 2018 @10:39PM (#17931495)
Ah, okay. Thanks!
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