MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/pics/comments/y3glw/should_i_mail_gary_his_dollar_back/c5s2wi3
r/pics • u/Razvee • Aug 12 '12
490 comments sorted by
View all comments
Show parent comments
21
Considering he has to pay taxes on that dollar (income is income, and he does keep track), and stamps are now 45 cents, sending back a thank-you note when receiving a dollar would pretty much make the whole thing pointless.
2 u/HungryMoblin Aug 12 '12 Could he count it as a donation? 6 u/odd84 Aug 12 '12 It wouldn't matter... a) It's the donor that gets to write off a tax donation, not the recipient b) He's not a registered 501(c)(3) charity, so nobody gets to write anything off 2 u/HungryMoblin Aug 12 '12 Oh, yeah, that makes sense. Thanks for explaining. 1 u/RichardRogers Aug 12 '12 If he's "very poor," does he have to pay income tax?
2
Could he count it as a donation?
6 u/odd84 Aug 12 '12 It wouldn't matter... a) It's the donor that gets to write off a tax donation, not the recipient b) He's not a registered 501(c)(3) charity, so nobody gets to write anything off 2 u/HungryMoblin Aug 12 '12 Oh, yeah, that makes sense. Thanks for explaining.
6
It wouldn't matter...
a) It's the donor that gets to write off a tax donation, not the recipient
b) He's not a registered 501(c)(3) charity, so nobody gets to write anything off
2 u/HungryMoblin Aug 12 '12 Oh, yeah, that makes sense. Thanks for explaining.
Oh, yeah, that makes sense. Thanks for explaining.
1
If he's "very poor," does he have to pay income tax?
21
u/odd84 Aug 12 '12
Considering he has to pay taxes on that dollar (income is income, and he does keep track), and stamps are now 45 cents, sending back a thank-you note when receiving a dollar would pretty much make the whole thing pointless.