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re: Higher end places saying they will insert a 3% surcharge for credit cards

Posted on 3/15/24 at 10:31 am to
Posted by Willie Stroker
Member since Sep 2008
13052 posts
Posted on 3/15/24 at 10:31 am to
quote:

They don't even tell the businesses that the 4% is considered revenue and sales so the business has to pay sales tax and income tax on that extra 4% of revenue.

Bumping this thread for a follow up question - why is the 4% not considered an expense that is deductible ? Seems like it would be deductible and not taxable.
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