Thread: Dang it!
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  #29 (permalink)  
Old 15-01-2008, 08:15 AM posted to rec.food.preserving
Ted Mittelstaedt
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Posts: 176
Default Dang it!


"Anny Middon" wrote in message
. net...
"Ted Mittelstaedt" wrote in message
...


That's the cruel reality of it. To be sure, you can make the
argument that many of the poor people aren't on the food stamp
program simply because they are ignorant about the social
services that their state has, and that doing it this way gets
the poor people the help they need to pull themselves out of
the poorhouse. That doesen't really quite hide the fact from
anyone who can put 2 and 2 together that the grocers aren't
participating for purely altruistic reasons..


Even without the food stamp program restrictions, I don't think grocers
participate for purely altrusitic reasons. IANAA but I'm pretty sure they
get a tax deduction for charitable contributions for donating food.

The choice for them would therefore be to throw it out and get nothing or

to
donate it, have some administrative/bookkeeping expense, and get a nice
deduction that lowers their taxes -- and gets them some goodwill in the
community in which they do business.

Seems like a no-brsiner to me, but IANAGrocer, either.


You have to be actually making money to get any value out of a
tax deduction. If your running at a loss, your already not paying
taxes so there's nothing to deduct from.

Ted


 

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