ArishMell · 70-79, M
Tips and overtime are two totally different things. The and should be replaced by or..
Tips should not be necessary and are voluntary; but are expressions of gratitude - indeed they also called gratuities. They may be a left-over from the days when waiting staff and the like were paid very badly even by the standards of their time. Nowadays tips are, or should be, no more than perks, although many hospitality-trade staff are on minimum-wage rates or little better.
By the time they are shared the individual income from them is probably very low, and the advent of paying by bank-card has probably made them even lower despite the soliciting on some systems used by restaurants. (Which I don't like - I do leave cash-tips tips in a pot on the counter but object to this artficial begging by machine.)
So really, the income from tips is so small, variable and difficult to quantify it is probably far more expensive to tax than would be worthwhile, as well as being rather mean.
...
Whereas overtime is extra to the contracted hours and often paid at a higher rate than the stardard-hours rate - so naturally attracts the normal taxes.
That obviously varies between countries by their different fiscal systems, but in the UK consists of Income Tax and National Insurance, usually deducted and paid by the employer on the "Pay As You Earn" system. The minima on these ensure the lowest-paid do not pay Income Tax.
Tips should not be necessary and are voluntary; but are expressions of gratitude - indeed they also called gratuities. They may be a left-over from the days when waiting staff and the like were paid very badly even by the standards of their time. Nowadays tips are, or should be, no more than perks, although many hospitality-trade staff are on minimum-wage rates or little better.
By the time they are shared the individual income from them is probably very low, and the advent of paying by bank-card has probably made them even lower despite the soliciting on some systems used by restaurants. (Which I don't like - I do leave cash-tips tips in a pot on the counter but object to this artficial begging by machine.)
So really, the income from tips is so small, variable and difficult to quantify it is probably far more expensive to tax than would be worthwhile, as well as being rather mean.
...
Whereas overtime is extra to the contracted hours and often paid at a higher rate than the stardard-hours rate - so naturally attracts the normal taxes.
That obviously varies between countries by their different fiscal systems, but in the UK consists of Income Tax and National Insurance, usually deducted and paid by the employer on the "Pay As You Earn" system. The minima on these ensure the lowest-paid do not pay Income Tax.
I have not read the bill, but according to someone that has claimed to have read the bill, it's only no tax on cash tips, so the electronic tips would still be getting taxed.
I think it's much better idea to just say no tax on your first $40,000... but taxes start after that.
This is just asking for loopholes, and things to be manipulated, the way it's currently set up.
I think it's much better idea to just say no tax on your first $40,000... but taxes start after that.
This is just asking for loopholes, and things to be manipulated, the way it's currently set up.
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samueltyler2 · 80-89, M
@LordShadowfire project 2025 wasn't that long. I read the executive summary and the chapter on health and education. They were scary then and it is absolutely his current playbook.
LordShadowfire · 46-50, M
@samueltyler2 I have to say, you've got more patience than I have. Or less ADHD.
For everyone else, here's a website that keeps track of all the parts of it that he's already brought to fruition:
https://www.project2025.observer/
For everyone else, here's a website that keeps track of all the parts of it that he's already brought to fruition:
https://www.project2025.observer/
samueltyler2 · 80-89, M
@LordShadowfire i am so upset, i don't need to see more.
Sevendays · M
Tips for tipped waitstaff is supposed to bring them up to wages for workers in jobs like retail employees. If you don’t tax those tips it actually is unfair to those untipped workers.
Heartlander · 80-89, M
Tips are usually paid from downstream income that's already taxed at multiple levels.
I'd also like to see them make shareholder dividends tax free. Corporations already pay federal and state income taxes on that money.
I'd also like to see them make shareholder dividends tax free. Corporations already pay federal and state income taxes on that money.
samueltyler2 · 80-89, M
It has always bothered me that their workplaces can pay them less and expects those served to enhance wages with tips.
Pfuzylogic · M
DeWayfarer · 61-69, M
@Pfuzylogic Bill hasn't passed the Senate yet.
I'm hoping it just doesn't get passed by the Senate.
There's still a few hold overs.
I'm hoping it just doesn't get passed by the Senate.
There's still a few hold overs.
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calicuz · 56-60, M
It'll never happen. Independent journalists are reporting that between Tяump's parade and the deploying of troops to Los Angeles, the Federal Government is set to spend a quarter of a billion dollars.......... WE CAN'T AFFORD IT!!!
We'll have to fire more hard working Americans to pay for it all.
We'll have to fire more hard working Americans to pay for it all.
Awesome
I never understood tax on tips, tips are gifts and gifts are not taxable up to something like 17 grand..
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ThesebootsRmade4walking · 46-50New
Tumbleweed · F
@Tumbleweed you would be surprised how much a server can make in an average day off tips
Tumbleweed · F
@NativePortlander1970 It still belongs to THEM though. Period.
@Tumbleweed I completely agree 1,000%
BrandNewMan · M
@YoMomma I know a waitress at a high end steak house. She makes as much or more annually than my wife as a school teacher 5 yrs experience in our area. How is it fair the waitress's tips (~ 90% of her income) aren't taxed but every penny of the teacher's salary is taxed? It makes zero sense to me.
YoMomma · 41-45
@BrandNewMan ah i agree.. public school teachers should be exempt from taxes 😏 after all their whole job is paid for by taxes why should we pay taxes with tax money? 🙄 private schools are another matter tho .. why do they even get federal funding?
BrandNewMan · M
@YoMomma Swap bus driver or nursing home orderly for teacher. I have the same question.
LordShadowfire · 46-50, M
@Rudboy41 If you don't want to help fund the society in which you live, I can help you pack.
Rudboy41 · 41-45, M
@LordShadowfire yes please, as long as it means you get to touch me 😉
Pretzel · 70-79, M
I don't get either so - no benefit to me
NeuroticByNature · 41-45, F
Good...
But it will complicate things Alot when filing returns
But it will complicate things Alot when filing returns
Thinkingdeeper · 36-40, M
Or.... pay a decent wage so tips are not then a necessity to get a sensible wage.
smileylovesgaming · 31-35, F
HumanEarth · F
Great, now how about no property tax
JSul3 · 70-79
This will certainly limit their contributions to Social Security.
Londonn · 36-40, M
is the robot ai already? ai wasnt invented last time I was around
Bhs123 · 36-40, F
Democrats shut that down already
Bhs123 · 36-40, F
@LordShadowfire https://x.com/PapiTrumpo/status/1932624550035878205?t=EjEJxNdT9zogFkX441t9gg&s=08
LordShadowfire · 46-50, M
@Bhs123 I got rid of Twitter. Elon was using it to influence the election. You feel like telling me in your own words or showing me another source that isn't biased?
Bhs123 · 36-40, F
@LordShadowfire you dont need twitter look at it
tobynshorty · 51-55, F
Tips should never be taxed.
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hippyjoe1955 · 70-79, M
The less money in the hands of government the better.
LordShadowfire · 46-50, M
Thrust · 56-60, M
REEEEEEEEEEÈEEEEEEE🤡
look at the leftards who all of a sudden want to punish the middle to lower class workers they claim to adore
REEEEEEEEEEEEEEEEEEE🤡
look at the leftards who all of a sudden want to punish the middle to lower class workers they claim to adore
REEEEEEEEEEEEEEEEEEE🤡
Bhs123 · 36-40, F
K
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