Author Topic: Trump proposes ending taxes on tips  (Read 537 times)

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Online mystery-ak

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Trump proposes ending taxes on tips
« on: June 10, 2024, 12:43:41 pm »
 Trump proposes ending taxes on tips
by Miranda Nazzaro - 06/10/24 7:56 AM ET

Former President Trump on Sunday said he would end taxes on tips as the “first thing” he does in office if reelected, marking his latest push to appeal to voters in the service industry.

“For those hotel workers and people that get tips, you’re going to be very happy. Because when I get to office, we are going to not charge taxes on tips,” Trump said at a rally in Las Vegas.

“We’re not going to do and we’re going to do that right away, first thing in office, because it’s been a point of contention for years and years and years,” he added. “And you do a great job of service, you take care of people and I think it’s going to be something that really is deserved.”

Changes to taxation on tipped income would require congressional approval. Lawmakers will be looking at the nation’s tax policy next year upon the expiration of Trump’s 2017 Tax Cuts and Jobs Cut Act (TCJA), which cut the corporate tax rate and brought down individual tax rates depending on the tax credit.

As the law currently stands, service workers are required to report their tips to the IRS, which views tips as regular taxable income.

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https://thehill.com/homenews/campaign/4713392-donald-trump-taxes-on-tips/
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Offline DefiantMassRINO

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Re: Trump proposes ending taxes on tips
« Reply #1 on: June 10, 2024, 01:50:27 pm »
I'll ask my employer to pay me in tips instead of this whole payroll scam.  Who is this FICA guy, and why does he keep taking money from my paycheck?
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Offline Smokin Joe

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Re: Trump proposes ending taxes on tips
« Reply #2 on: June 10, 2024, 09:03:43 pm »
I'll ask my employer to pay me in tips instead of this whole payroll scam.  Who is this FICA guy, and why does he keep taking money from my paycheck?
Considering how many waitresses and others get paid subminimum wages because allegedly tips make up the difference, I am fine with this.

Besides, a tip is me rewarding someone for good service and commensurate with the quality of that service. I'm not good with the government skimming that.
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Offline cato potatoe

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Re: Trump proposes ending taxes on tips
« Reply #3 on: June 10, 2024, 10:11:25 pm »
This is a sneaky way to make the tax code more progressive:  Cut taxes on the service workers, and borrow money to make up the difference.  Set the expectation that only the middle and upper class should pay tax.  Eventually tax the hell out of them.  But in the meantime, borrow and spend, borrow and spend.  I bet Trump will propose another expansion of the child tax credit.

Online corbe

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Re: Trump proposes ending taxes on tips
« Reply #4 on: June 10, 2024, 10:19:53 pm »
   I'm waiting for him to declare he's bisexual to get a percentage of that 1.7%. 
   Is this any different than the other demonrat running giving get out of jail free cards, paid student loans and Kools?
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Offline berdie

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Re: Trump proposes ending taxes on tips
« Reply #5 on: June 10, 2024, 10:49:02 pm »
I don't think he'll get that passed...but it sure sounds good in Vegas, lol.

Many, many years ago when I waited tables the only tax requirement was to claim up to minimum wage. I was paid in the neighborhood of $1.45 and minimum was in the $5 and change. Sorry I don't remember the exact amounts. Of course back then credit card purchases were rare. Cash is harder to trace.

This seems fair to me. After all, it is a gratuity awarded for service provided. And...sometimes you're the windshield, sometimes you're the bug. I frankly don't think restaurants could maintain a staff if it weren't for tips. Some people are nice...some not so much. I once had a man throw a plate of spaghetti all over me because it "wasn't Italian". He!!s Bells...it was a Big Boy franchise.

That being said, I do think tipping is getting out of hand. There are tip jars and places on credit card receipts to add a tip every where you go. I'm pretty generous, but just because you handed me a pack of gum, rang it up and took my money doesn't really constitute a tip. :shrug:

Offline roamer_1

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Re: Trump proposes ending taxes on tips
« Reply #6 on: June 10, 2024, 11:15:18 pm »
without cutting hospitality loose from minimum wage, and without rejiggering folks thinking back to cash for tipping, which I hear no one does anymore, this is a pointless and empty promise.

Offline Hoodat

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Re: Trump proposes ending taxes on tips
« Reply #7 on: June 11, 2024, 04:25:45 am »
Just what we need.  Even less workers paying taxes.  Those who still do have become a slave class to those who do not.
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Re: Trump proposes ending taxes on tips
« Reply #8 on: June 11, 2024, 07:18:40 am »
I don't think he'll get that passed...but it sure sounds good in Vegas, lol.

Many, many years ago when I waited tables the only tax requirement was to claim up to minimum wage. I was paid in the neighborhood of $1.45 and minimum was in the $5 and change. Sorry I don't remember the exact amounts. Of course back then credit card purchases were rare. Cash is harder to trace.

This seems fair to me. After all, it is a gratuity awarded for service provided. And...sometimes you're the windshield, sometimes you're the bug. I frankly don't think restaurants could maintain a staff if it weren't for tips. Some people are nice...some not so much. I once had a man throw a plate of spaghetti all over me because it "wasn't Italian". He!!s Bells...it was a Big Boy franchise.

That being said, I do think tipping is getting out of hand. There are tip jars and places on credit card receipts to add a tip every where you go. I'm pretty generous, but just because you handed me a pack of gum, rang it up and took my money doesn't really constitute a tip. :shrug:

Today, "behind-the-counter employees" are tantamount to road island beggars at intersection traffic signals.
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Offline GtHawk

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Re: Trump proposes ending taxes on tips
« Reply #9 on: June 11, 2024, 04:44:43 pm »
Today, "behind-the-counter employees" are tantamount to road island beggars at intersection traffic signals.
I can't stand that a person who does nothing but enter my order into a register and then hand me my food thinks they deserve a tip for doing their job...a waiter/waitress that give me good service yes, a meat automaton NO!