#donating

Tim Cook is donating $1 million to Trump’s inauguration, too

( www.theverge.com )

Tim Cook is donating $1 million to Trump’s inauguration, too Image: Laura Normand / The VergeApple CEO Tim Cook is the next tech exec to donate $1 million to President-elect Donald Trump’s inauguration committee, according to Axios. Cook’s donation follows similar commitments from OpenAI CEO Sam Altman, Amazon founder Jeff Bezos through Amazon, and Meta as Big Tech companies and executives work to curry f…

The Verge 562 2025-01-04

Donating for tax write-offs, am I missing something?

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Donating for tax write-offs, am I missing something? I’m sure everyone has heard the idea of people and companies making donations to save money on their taxes. I know you end up with a lower tax burden afterwards. For example you owe $2000 and decide to donate $10000, if your tax rate is 20% for that $10000, you now owe nothing. But what I’m missing is if that write-off was the only reason, why w…

Reddit Personal Finance 814 2024-07-03

Donating ESPP stock reported as disposition

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Donating ESPP stock reported as disposition I usually donate some of my RSU stock each year into a DAF, and this year thought I’d donate some ESPP stock instead. I asked my finance department about approving the transfer, and they came back with this: “We are no longer able to simply approve the transfer of ESPP shares due to company tax reporting requirements. If you would still like to …

Reddit Personal Finance 664 2024-02-22