The Tax Deduction Recipe That Feeds Hunger

The Tax Deduction Recipe That Feeds Hunger

by webixi, January 21, 2020

Henry Bogdan, Public Policy Director of Maryland Nonprofits, offered a primer on exactly how the enhanced tax deduction works. The $30 that the bag of potatoes costs Walmart becomes the “basis value” of the item. If Walmart normally sells the bag of potatoes for $100, it means the company’s profit margin will be $70.

 

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