US government sets roadblocks for corporate charitable giving

The very first article of the inaugural print edition of Managing & Developing had a very telling story: it showcases eConsciousMarket.com, a great effort for many reasons but notably because part of it's business model is to donate 50% of it's net profits to non-profit organizations chosen by it's customers. Well, it appears that the federal government actually makes it difficult to do this kind of thing! They highlight 3 challenges with their business model, and then they say "these challenges are minor compared to the governmental and tax structures that fail to accommodate social ventures." They cite one example: "the corporate limitation on charitable contributions is set at 10%." So they had to be creative to avoid the extra taxation. ("For the moment, we... operate as a subchapter-S corporation, whereby we can take advantage of the individual cap of charitable donations: 50% of adjusted gross income.")

Lovely, isn't it?

Yet another evidence that government just gets in the way when it tries to do good. Government (and any use of force) can only protect and stabilize; it takes the passion and cooperation of free individuals to do accomplish any grand endeavor in this world.