No taxes on tips sounds good. Experts say the effects would range from hardly life-changing to potentially harmful.
  • Most tipped workers already don’t pay federal taxes.
  • Increasing the tipped minimum would do more.

Edit: really there should be no minimum lower than the hourly minimum.

  • Kaboom@reddthat.com
    01·
    8 months ago

    Just because Ted Cruz introduced the bill and Trump endorsed it doesn’t make not taxing tips a bad idea. Remember, Harris endorsed it too.

    • bostonbananarama@lemmy.world
      0·
      8 months ago

      It being a bad idea makes it a bad idea though. Why would this source of income be exempt from taxation? Why is that a good idea? Why is a salaried or hourly employee less deserving of having their income exempted?

      • Kaboom@reddthat.com
        01·
        8 months ago

        Why should it be taxed? Not “Why it shouldn’t”.

        Imo, income tax should only affect the rich, and they aren’t working tipped jobs.