Are you tired of stores trying to charge extra, for minimum purchases?

[radi8]

They don't do that for the fact most stores are lucky to profit 25 cents on the dollar, most items are in the 15 cents to a quarter, so they will profit nothing.

THEN FIND A NEW LINE OF WORK

 

They like their line of work. So they'll just raise prices to compensate instead.

[GEORGE]

TAX DEDUCTABLE COST OF DOING BUSINESS

 

 

From my post ABOVE:

Yes, it is a tax deductible cost of business, but that applies to every cost and costs need to be managed, especially fees that if applied to individual transactions would end up as losses

 

One of George's rote statements that have little regard for reality. I guess he doesn't read anything by anyone he doesn't agree with. Kind of funny. Doesn't matter, he will keep on repeating it to the cows come home. Why would this cost be any different than another as far a a businessman wanting to control it? And every costs is tax deductible!!!! Nonsensical.

 

Just because a cost is "tax deductible" doesn't mean it doesn't cost the merchant money. Tax deductions don't result in 100% recovery.

Instead they merely reduce your taxable income- which may put just a fraction of the deductible costs back in your pocket.

...AND SO SAYS ANOTHER MEMBER OF THE HATE and BAIT CLUB

Edited March 13, 2010 by GEORGE

[frank22]

TAX DEDUCTABLE COST OF DOING BUSINESS

 

 

From my post ABOVE:

Yes, it is a tax deductible cost of business, but that applies to every cost and costs need to be managed, especially fees that if applied to individual transactions would end up as losses

 

One of George's rote statements that have little regard for reality. I guess he doesn't read anything by anyone he doesn't agree with. Kind of funny. Doesn't matter, he will keep on repeating it to the cows come home. Why would this cost be any different than another as far a a businessman wanting to control it? And every costs is tax deductible!!!! Nonsensical.

 

Just because a cost is "tax deductible" doesn't mean it doesn't cost the merchant money. Tax deductions don't result in 100% recovery.

Instead they merely reduce your taxable income- which may put just a fraction of the deductible costs back in your pocket.

...AND SO SAYS ANOTHER MEMBER OF THE HATE and BAIT CLUB

 

No hate at all, but you do keep on repeating that phrase(and others). I point out where I don't think the argument makes sense at all, and have attempted to get your response. This is when you repeat the same phrase, or put me on your ignore list. I have just been attempting to converse with you on the topic.

 

Why this is a different type of cost than any other, and why this is the only cost that should be ignored? Or do you think there are any other costs that should be also ignored? Another tax deductible cost of business would be theft, should that be ignored also? If they thought that theft was getting out of hand and they tried to do something about it, would you tell them if they can't withstand it they should get out of the business? I think that ignoring a high, growing cost would be the reason one should get out of business. Identifying it and making adjustments is just proper management. Discuss.

 

Any time you tell someone they are going to just have to eat a loss for your sake you are on weak ground, it is very one sided.

Edited March 13, 2010 by frank22

[TrevorHere]

TAX DEDUCTABLE COST OF DOING BUSINESS

 

 

From my post ABOVE:

Yes, it is a tax deductible cost of business, but that applies to every cost and costs need to be managed, especially fees that if applied to individual transactions would end up as losses

 

One of George's rote statements that have little regard for reality. I guess he doesn't read anything by anyone he doesn't agree with. Kind of funny. Doesn't matter, he will keep on repeating it to the cows come home. Why would this cost be any different than another as far a a businessman wanting to control it? And every costs is tax deductible!!!! Nonsensical.

 

Just because a cost is "tax deductible" doesn't mean it doesn't cost the merchant money. Tax deductions don't result in 100% recovery.

Instead they merely reduce your taxable income- which may put just a fraction of the deductible costs back in your pocket.

...AND SO SAYS ANOTHER MEMBER OF THE HATE and BAIT CLUB

 

No hate at all, but you do keep on repeating that phrase(and others). I point out where I don't think the argument makes sense at all, and have attempted to get your response. This is when you repeat the same phrase, or put me on your ignore list. I have just been attempting to converse with you on the topic.

 

Why this is a different type of cost than any other, and why this is the only cost that should be ignored? Or do you think there are any other costs that should be also ignored? Another tax deductible cost of business would be theft, should that be ignored also? If they thought that theft was getting out of hand and they tried to do something about it, would you tell them if they can't withstand it they should get out of the business? I think that ignoring a high, growing cost would be the reason one should get out of business. Identifying it and making adjustments is just proper management. Discuss.

 

Any time you tell someone they are going to just have to eat a loss for your sake you are on weak ground, it is very one sided.

 

In reality you both are correct. The biz owner crunches the number to see how much they are willing to absorb(the cost of doing biz aspect) - how much sales a repeat customer will bring LT and if it is worth risking charging extra for small purchases. The customer makes a decision if he is willing to pay the extra, make a larger purchases or go somewhere. It's about finding the middles point and what works...

[frank22]

TAX DEDUCTABLE COST OF DOING BUSINESS

 

 

From my post ABOVE:

Yes, it is a tax deductible cost of business, but that applies to every cost and costs need to be managed, especially fees that if applied to individual transactions would end up as losses

 

One of George's rote statements that have little regard for reality. I guess he doesn't read anything by anyone he doesn't agree with. Kind of funny. Doesn't matter, he will keep on repeating it to the cows come home. Why would this cost be any different than another as far a a businessman wanting to control it? And every costs is tax deductible!!!! Nonsensical.

 

Just because a cost is "tax deductible" doesn't mean it doesn't cost the merchant money. Tax deductions don't result in 100% recovery.

Instead they merely reduce your taxable income- which may put just a fraction of the deductible costs back in your pocket.

...AND SO SAYS ANOTHER MEMBER OF THE HATE and BAIT CLUB

 

No hate at all, but you do keep on repeating that phrase(and others). I point out where I don't think the argument makes sense at all, and have attempted to get your response. This is when you repeat the same phrase, or put me on your ignore list. I have just been attempting to converse with you on the topic.

 

Why this is a different type of cost than any other, and why this is the only cost that should be ignored? Or do you think there are any other costs that should be also ignored? Another tax deductible cost of business would be theft, should that be ignored also? If they thought that theft was getting out of hand and they tried to do something about it, would you tell them if they can't withstand it they should get out of the business? I think that ignoring a high, growing cost would be the reason one should get out of business. Identifying it and making adjustments is just proper management. Discuss.

 

Any time you tell someone they are going to just have to eat a loss for your sake you are on weak ground, it is very one sided.

 

In reality you both are correct. The biz owner crunches the number to see how much they are willing to absorb(the cost of doing biz aspect) - how much sales a repeat customer will bring LT and if it is worth risking charging extra for small purchases. The customer makes a decision if he is willing to pay the extra, make a larger purchases or go somewhere. It's about finding the middles point and what works...

Yes, except by reading these posts, you should be able to see there is no middle point for many. Merchants may decide to take the hit, they just would like to be able to decide. At that point I am thinking the costs to the merchants will come down, as banks desire to not impose restraints on people using cards. They would rather promote their use. That is a point I have made that gets ignored.

[GEORGE]

That credit card fee is TAX DEDUCTABLE (don't MICRO-MANAGE the fee at the expense of paying business)

[GEORGE]

You can't afford the TAX DEDUCTABLE credit card fee...take only cash (BUT DON'T complain when you lose tons of business)

 

or

 

Change your line of work

[radi8]

<thud>. <thud>. <thud>. <thud>. <thud>.

[GEORGE]

<thud>. <thud>. <thud>. <thud>. <thud>.

...AND YOUR POINT???

[centex]

<thud>. <thud>. <thud>. <thud>. <thud>.

...AND YOUR POINT???

 

poor horse...

[hinklesc]

Either,

 

Pay cash/check for item(s) purchased.

 

Shop somewhere else that does not impose a "minimum" or "convenience" fee.

 

Take the hit and pay the extra if worth it.

 

Dispute with your credit card company, claiming the fee was assessed for taking a card. (I did this once with MBNA and they credited the entire purchase back. Not sure if they just credited, or charged back to the merchant).

[GEORGE]

Either,

 

Pay cash/check for item(s) purchased.

 

Shop somewhere else that does not impose a "minimum" or "convenience" fee.

 

Take the hit and pay the extra if worth it.

 

Dispute with your credit card company, claiming the fee was assessed for taking a card. (I did this once with MBNA and they credited the entire purchase back. Not sure if they just credited, or charged back to the merchant).

I CAN'T WANT THEM TO WIN...

 

They don't want the business..THAT IS THEIR LOSS

[frank22]

Either,

 

Pay cash/check for item(s) purchased.

 

Shop somewhere else that does not impose a "minimum" or "convenience" fee.

 

Take the hit and pay the extra if worth it.

 

Dispute with your credit card company, claiming the fee was assessed for taking a card. (I did this once with MBNA and they credited the entire purchase back. Not sure if they just credited, or charged back to the merchant).

I CAN'T WANT THEM TO WIN...

 

They don't want the business..THAT IS THEIR LOSS

 

Well, if you have to force yourself on someone, maybe they just aren't that into to you. Don't use the rules, charm them!

Edited March 15, 2010 by frank22

[GEORGE]

I althought people were in business to SELL not complain about a tax deductable credit card fee

[centex]

I althought people were in business to SELL not complain about a tax deductable credit card fee

 

Most places people whine about with a minimum tend not to be places where SALESPEOPLE exist, but rather are locations where the product sells itself and the store pays people to ring the purchase up...sorta like a box store when you think about it, but without the volume or the margins.

 

And it still cracks me up that people believe every tax deductible item results in a dollar-for-dollar placement back in the bottom line of the merchant...

 

I'll let the horse go back to resting between its beatings...

[radi8]

And it still cracks me up that people believe every tax deductible item results in a dollar-for-dollar placement back in the bottom line of the merchant...

 

I'll let the horse go back to resting between its beatings...

 

I bet the horse knows what happens to a business when it's "tax deductible cost of doing business" exceeds it's revenues.

 

I've tried to make the point several times that a dollar of tax deduction isn't a dollar back in your pocket- it's a dollar of income you aren't taxed on. Big, big difference.

If you are in a 10% tax bracket, you conceivably get a dime back for every dollar- your net LOSS is still 90 cents.

 

The whole thing is starting to remind me of Madman Muntz: "Our prices are so low we lose money on every sale...but we make up for it in volume!"

<sigh>

[GEORGE]

Become a CASH ONLY business

 

I just thought that 97% or 98% of a sale was better than 0% of a sale since you no longer take credit cards

 

Get back WHIPPING your horse

[hinklesc]

Become a CASH ONLY business

 

I just thought that 97% or 98% of a sale was better than 0% of a sale since you no longer take credit cards

 

Get back WHIPPING your horse

 

If you become a cash business... you HAD BETTER beat all the other merchants significantly in prices/value. If not me and my card will go elsewhere. Too inconvenient dealing in cash.

[GEORGE]

Become a CASH ONLY business

 

I just thought that 97% or 98% of a sale was better than 0% of a sale since you no longer take credit cards

 

Get back WHIPPING your horse

 

If you become a cash business... you HAD BETTER beat all the other merchants significantly in prices/value. If not me and my card will go elsewhere. Too inconvenient dealing in cash.

I wouldn't be going there...I don't use cash it is TOO EXPENSIVE

[lolipop]

Become a CASH ONLY business

 

I just thought that 97% or 98% of a sale was better than 0% of a sale since you no longer take credit cards

 

Get back WHIPPING your horse

 

If you become a cash business... you HAD BETTER beat all the other merchants significantly in prices/value. If not me and my card will go elsewhere. Too inconvenient dealing in cash.

I wouldn't be going there...I don't use cash it is TOO EXPENSIVE

Cash is not expensive; it is just another form of payment