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To: martinidon

macdonalds should try that...

McDs: for a donation of just $1, you will receive this nice cheeseburger. for every donation of $3.50 you’ll receive this large fry and coke along with the cheeseburger

McDs ends up paying no taxes

:)


33 posted on 04/03/2015 7:51:13 AM PDT by sten (fighting tyranny never goes out of style)
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To: sten
All businesses should try that :)
I found this on the GoFundMe site :

Donations made to a GoFundMe Personal campaign are generally considered to be personal gifts and are not guaranteed to be tax-deductible. You can always check with a tax professional to be sure. Only donations made to a GoFundMe Certified Charity campaign are guaranteed to be tax-deductible.

You can bet the IRS will find a away to get their share. However, I would fight it and claim I had 6000 people give me money and none of the gifts were more than $14K so it should be tax free IMHO

38 posted on 04/03/2015 7:55:17 AM PDT by martinidon
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To: sten

You see a lot of churches saying “a donation $XX.XX would be appreciated” for a particular item or event as to avoid it being looked at as income.


102 posted on 04/03/2015 9:29:09 AM PDT by bjorn14 (Woe to those who call good evil and evil good. Isaiah 5:20)
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