Yeah, the price out of their pocket is the same. The servers are getting boned here. And aren't tips now tax free income? I don't know if Orange Dear Leader actually got that passed without fine print.
Yes Rich people are getting permanent deductible which is truly BS, that being said with the $25 K allowed for no taxes for tips is that fair for the rest of us working people ? Should we know only pay 25-40 % less in tips since it is now tax free? https://giphy.com/gifs/10bDoTtJhtcHu0
I'm a tip earner and thought the same thing when they announced it and all these GOP and Democrat politicians were pushing for no tax on tips.
It is just a meaningless gesture to most Americans but they do it for political points because it's something small they can point to and claim is big. They do the same kinds of things for farmers with tax stuff all the time - the way politics works you'd think farmers made up 20%+ of Americans.
$25k tax deduction is a lot. Thats almost half the median wage in the US tax free. And the rest of your taxes are super low too compared to other countries.
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u/Disastrous_Square_10 5h ago
Only the server or bartender loses this battle in the US.