Instead of ending taxes on tips, expand the lowest tax bracket, pay a living wage, and get rid of tips entirely.
this post was submitted on 04 Aug 2024
-12 points (0.0% liked)
politics
19097 readers
4220 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Or do both. Can't really think of a good reason why tips should be taxed. They're a major source of income for some of the lowest income workers. Which makes me incredibly doubtful we'd ever see such a measure passed by Republicans as it doesn't benefit billionaires in any way.
In a perfect world we wouldn't have tips as a significant source of income for anybody, but until we achieve that this actually sounds like a decent idea. Would be fucking hilarious if Kamala said "You know, that's not a bad idea, I'll pledge to do the same", really take the last bit of wind out of Trump's sails.
Can't really think of a good reason why tips should be taxed.
If you can't think of how not taxing tips could be abused by people to get out of paying taxes, you don't have a good imagination.
Raising the lowest tax bracket has the effect of removing the tax on the poorest while also not opening up a loophole that would be abused to avoid taxes.
In a perfect world we wouldn't have tips as a significant source of income for anybody, but until we achieve that this actually sounds like a decent idea.
Except it would further cement tipping into the culture by giving tipped earners additional incentives to keep tips around. Raising the bracket doesn't do that, and would help more people that need help than just tipped earners
Ask Ronald Reagan... that is his legacy.
Sounds great, but probably not gonna happen so why not have the next best thing and let people keep more of the money they make
It won't actually make much difference... some huge percentage of tips never get reported and taxed in any case. It also treats the symptom instead of the problem. I have no problem with incremental improvements, but this really doesn't improve anything. You'll also find rich people now 'tipping' huge sums, so it will be a net negative.
Most of my gf's money comes from tips and it's setup to make it very hard to not report tips without getting fired and she would bring in quite a bit more money without being taxed on it
Wouldn't it be great if the corporate loophole that forces your gf to take and report tips was closed and she earned a livable wage directly from her employer instead of relying on people's kindness to meet her needs financially?
Or do you just really want trump to have a single opinion that seems approachable at face value?
Of course Republicans agree with it: they don't tip and they steal their tipped-workers' tips. Now they'd like their theft to also not be taxed.
The US President can’t change tax law though - weird that Newsweek doesn’t even mention that.
That would reduce copypasta sales.
Easy to back a lie
I don’t. I’d like to see us moving away from tipping culture in general, and this would make it harder.
I would agree with this except that I don't have faith that it won't be leveraged as a way to get out of a whole crapload of taxes. I'm pretty sure that unemployment insurance, and a lot of the federal taxes, are based on wages and not tips. Also what is the limit? Can I pay my friend $50 to mow my lawn and tip him an extra $25,000, just so I can get around the limit for a gift tax? I wouldn't trust a Republican administration to implement this without making it easier for Rick people to avoid paying taxes.
Weird how Republicans celebrate when a Republican does something progressive. It's almost as if Americans like progressive policies. The right has just convinced a large portion of Americans that it's Socialism or a "hand-out". Usually the right is talking about flat taxes for the rich and the working class alike OR switching to sales tax only that way the poor are taxed on every penny they spend (which is most of it) and the rich who stockpile their wealth get taxed on almost none of it. This is only notable because he's on the right.
As usual, the right is judged on their best and the left is judged on their worst.
If you like this and want progressive taxes that work for the working class instead of against them, vote blue. Or better yet, vote progressive.
Oppress your working class, but make sure to tip them well.
Really stretching to find something that people support him over, aren't you, Newsweek.
Maybe we should talk about the history behind taxing tips...and Social Security checks. Hint: it was Ronald Reagan and he raised them to pay for cutting taxes for the wealthy and corporations
Or... (novel idea I know) you could pay your workers so they wont have to rely on handouts