@NateMeyvis in Ep 40 of TP, you doubted WSOP approach to One Drop donations. For corps, charity is just an ordinary expense--see IRS 542
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@NateMeyvis@PieFarmer Caesars would be tax-neutral if donation were credited to the players, players would get Sched A deduct. EV+ solution -
@DSPotic@PieFarmer To me that seems like a reductio of the claim that the decision is financially neutral for Caesars.
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@NateMeyvis@DSPotic In glancing at IRS 542, it appears charitable donations are a deduction, not an ord,exp. i'll post on TP blog later -
@PieFarmer@DSPotic Or you can put it on your own blog and I'll promote it there, if you'd rather get whatever traffic that generates. - Show replies
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