Did I hear right? Trump wants to drop income taxes on tips?

Great idea!

I tend to think of a tip as a reward or incentive for being treated well. And unless I'm having a deductible business meal the $$ I'm paying as a tip is being paid with money I already pay income taxes on, so if I leave a $2 tip, both me and the person that I'm tipping are being taxed on that $2, and one of us being taxed for that $2 should be enough.

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cherokeepatti · 61-69, F

That’s been the plan for the longest time. The USA was fine before the federal income tax was implemented. It has been used to finance the endless wars. There will be a flat tax but it doesn’t punish the small business owners and those who need to earn more money for their families etc. So it will encourage people that need the extra income. Also no flat tax on most used goods (or food) so it will help in an environmental way if people want to save money that way.