THE IRS ADDS THE MDR* COSTS TO CARDHOLDERS
PAYMENTS;
MERCHANTS MUST HAVE THE RIGHT TO DO THE SAME!
The key to reducing your monthly banking charges due to excessive use of credit cards by your clients lies in whether or not you can add the MDR costs to the Sales ticket! The IRS has a special privilege that business owners do not have; they and they alone can add the bank charges to the amount paid by credit card. Whatever the going rate is, 2% to 4% or more, then add it to the tax bill.
Why is it that the contracts we have signed with the Credit Card Cartel forbid us, the merchants, to add a charge for the use of a card, but the IRS, and IRS alone, is allowed to do it? The IRS is not willing to take the loss and should not, but neither should the merchants accept it.
Is an exception like this fair? Does it void our contracts, because of the fact that it is, in truth, a privilege to one party but not allowed to others?? Can they legally treat some accounts differently than others? Again, the government does not lose the MDR percentage, but the business owners do. The Government does not take the losses brought on ty the bribery, using Air Miles or Points to encourage deceit!
This is a question for lawyers, the firms specializing in Class Action Suits, to look into, to investigate, to study thoroughty in order to find a way to attack the enormous profits of the Credit Card Cartel and bring some relief to the suffering business owners. This Cartel is humongous and they come down upon us like a sledge-hammer smashing a small ant desperately trying to get back to the nest, but,. of course, fails to do so..
Yes, PAY YOUR TAXES BY CREDIT CARD, SUCH AS VISA OR MASTERCARD, SUCKER, and live to regret it. Greed alone motivates the Credit Card Cartel to help the poor taxpayer, motivates them to assume the collection duties of the IRS and gain all that interest at rates as high as 29% (versus the IRS interest rate of 10%). It might have opened up a real can of worms for them. Think about it!
We, the merchants, cannot add the charges, nor can we refuse a credit card when offered for a purchase. Yet, IRS can add the MDR charges onto their billings on a credit card. It that fair or is it preferential treatment?
SCROLL DOWN TO SEE ILLUSTRATION
*Merchant's Discount Rate;: the percentage charged against the merchants every time a cardholder pays with plastic.
Think of the MDR as a tax, a tax imposed upon your profits by the evil Credit Card Cartel.
It is not a tax imposed upon you by Congress, or your State, but by the Big Banks. It is a tax, but while the government taxes your profits, they tax even your costs, and that's money you have already paid taxes on when you earned it, for don't you have to earn your capital before you reinvest it again?
When you examine this clever system, you'll see that even the U.S. Government isn't as efficient in collecting taxes as these monolithic banking corporations have been in extracting their percentages from almost every dollar spent in the nation's businesses today. The cleverest part is that they collect it first, right off the top, regardless of Sales Taxes, Corporate Taxes, Tax Liens, or any and all other forms of taxation! Eventually, as they spread into other countries, perhaps there they will find laws that will put the brakes on these sleazy endeavors. However, to emphasize what they're doing, they:
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FIGURING PERCENTAGES OF BANK CHARGES FOR "ON SALE" ITEMS THE MORE YOU DISCOUNT, THE GREATER THE PERCENTAGE THEY TAKE |
MY PERSONAL EXPERIENCE
When I began to think of the changes suddenly imposed upon us, the business owners by the Credit Card Cartel, without our foreknowledge or our consent, I drew a diagram like the above in the early nineties. In 1992 they began encroaching on my business even more than they had in the past, eroding my independence as a business owner, and little by little they were taking control of more and more of my profits and my decisions with their clever one-sided contracts, making changes at will and enforcing them by their interpretations, giving me no way to object or to fight unfair decisions.
They already were in virtual control of my sales, because they made all the final decisions on refunds and cancellations. If the sale was made by credit card and there was a complaint, justified or not, someone sitting in the banks office had the power to adjust it or change the terms of the sale to their client's satisfaction, but not mine! That someone might be a young girl or man with absolutely no experience in business, one who had no knowledge of the transaction. That person could be biased and unsympathetic to business owners, as many young people are taught to be in colleges and universities, or it might be a friend or relative, but they control the sale and can make refunds you don't wish to make.
As long as a sale was made with a Credit Card, these unknown decision makers were literally in charge of the sales for every retail business across the country! International banks rule America's retail business world.
The powerful banks that issued the cards even had their tentacles in the wholesale end of many businesses. Who could withstand this onslaught? Once the Credit Card Cartel was in a dominant position with their plastic, they moved right ahead to suck more blood from the small Retailers. When you begin stripping their hard-earned profits through subversive schemes, you hurt the businesses, the card holders and the general economy. These are, not legitimate Bankers, because nothing is ever enough for them; they are comparable to shylocks, mafia or crooks.
Just review the cardholders agreements and it is easy enough to see; try to understand the terms in those contracts. If it's impossible for lawyers to understand them, then consider the plight of the business owners?
When 10% of were sales are on
credit cards, they wanted it to be 12%; when they reached 12% they set
their goals higher, ever higher.
Each level up on their scales cost us more
money. Each time it captured
more of our business, the less independence we had. Slowly they
took away our freedom and enslaved us. We're chained to them.
When the
got our sales up to 15% on plastic, they wanted
it to be 20%.
And, again, we owe this to a very simple form of bribery! Great balls of fire, if business owners can't see the gist of their scheming, then they don't understand simple arithmetic, percentages or business ethics. The truth is that a good majority of them don't or they feel it is hopelss to object and put the chains of ecoomiy slavery all to willingly every morning when they turn the key in the lock on the door and begin doing business.
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IF THE I.R.S. CAN ADD THE COST OF CREDIT CARD CHARGES TO THE AMOUNT OF TAXES OWED, THEN WHY SHOULDN'T AMERICA'S BUSINESS OWNERS HAVE THE SAME RIGHTS? WHY NOT?
HOW THE I.R.S. DOES IT:
TAXES OWED: $ 4,333.00
AMERICAN EXPRESS CHARGES* .04 (4%) 173.32
TOTAL OWED:$ 4,536.32
THAT'S THE WAY IT SHOULD BE!
LET THEM PAY FOR THEIR OWN AIR MILES AND FLIGHTS!