Really stretching to find something that people support him over, aren't you, Newsweek.
this post was submitted on 04 Aug 2024
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Instead of ending taxes on tips, expand the lowest tax bracket, pay a living wage, and get rid of tips entirely.
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?
Or... (novel idea I know) you could pay your workers so they wont have to rely on handouts
Beyond that. It's just mental that we treat tipped jobs like that in the first place. No other jobs are expected to be paid at starvation wages and only be able to make in with me through the kindness of strangers. Generally the people in that situation are homeless or unemployed. Not working full time.
A tip for a gratuity is supposed to be for treatment above and beyond the standard. If you're a restaurant relying on people to pay 10% extra than the cost of a meal or more to their server in order to actually pay for them. You just need to charge that much more for the cost of a meal and pay the employee. I would gladly pay 10% more if I knew that it meant the employee would have security. And that I would not worry or question whether or not the tip I left was enough.
The US President can’t change tax law though - weird that Newsweek doesn’t even mention that.
That would reduce copypasta sales.
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.
Easy to back a lie
What's the lie? You don't think people back the idea of keeping more of their tip money?
I don’t. I’d like to see us moving away from tipping culture in general, and this would make it harder.
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.
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.
Mowing a lawn for 25k? Sounds like you need better friends bud
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
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https://www.newsweek.com/americans-back-donald-trump-tips-tax-1933665