Trump made a similar promise at his own rally in the city in June — though neither he nor Harris are likely to be able to fully do that without actions from Congress.
So why choose the wrong solution then? Tax billionaires fairly. Don’t arbitrarily make the waiter not pay taxes but the cook in the back has to? That’s not equal, that’s not fair.
It is different though… At the moment they’re paying on all their income based on tax brackets, with the current they’ll only pay on the regular salary part.
I worked for tip for over a decade, it would have meant not paying taxes on about half my earnings, with tax brackets that would have meant (where I’m at) 3500$ in taxes instead of 13000$ because two thirds of the first half would have been under the minimum taxable amount.
Tips aren’t a gift, it’s salary that comes from customers in exchange for services. You’re creating two classes of lower income citizens if you say that some people don’t have to pay taxes on what might be the majority of their income while the rest pays taxes on all their income.
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Why is it bullshit? Just because your income comes from clients instead of your boss doesn’t mean it’s not income.
Hell, the US became the US because of the “no taxation without representation” thing, should people who work for tip not be eligible to vote?
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So why choose the wrong solution then? Tax billionaires fairly. Don’t arbitrarily make the waiter not pay taxes but the cook in the back has to? That’s not equal, that’s not fair.
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Ok but you said so yourself, it’s work being paid, it’s earnings, are you saying people shouldn’t pay taxes on their earnings?
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It is different though… At the moment they’re paying on all their income based on tax brackets, with the current they’ll only pay on the regular salary part.
I worked for tip for over a decade, it would have meant not paying taxes on about half my earnings, with tax brackets that would have meant (where I’m at) 3500$ in taxes instead of 13000$ because two thirds of the first half would have been under the minimum taxable amount.
Tips aren’t a gift, it’s salary that comes from customers in exchange for services. You’re creating two classes of lower income citizens if you say that some people don’t have to pay taxes on what might be the majority of their income while the rest pays taxes on all their income.
It’s a bad solution.
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I would be thrilled if Harris announced taxes on Wall Street shenanigans.
But I highly doubt it