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.
What? I think you’re the one who can’t appreciate how taxation works (hell, I work in that field).
Someone making 50k/year in salary should pay the same amount of taxes as someone making 20k in salary and 30k in tip.
What you’re arguing for is for that second person to pay taxes on 20k only and to get the rest tax free, meaning they would end up with more in their pockets than the first person even though their total income is the same, that makes no fucking sense and only incentivize tip work in order to maximize people’s net earnings.
If you’re tired of being asked for tip everywhere then you haven’t seen anything if tip is tax free.
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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.
deleted by creator
What? I think you’re the one who can’t appreciate how taxation works (hell, I work in that field).
Someone making 50k/year in salary should pay the same amount of taxes as someone making 20k in salary and 30k in tip.
What you’re arguing for is for that second person to pay taxes on 20k only and to get the rest tax free, meaning they would end up with more in their pockets than the first person even though their total income is the same, that makes no fucking sense and only incentivize tip work in order to maximize people’s net earnings.
If you’re tired of being asked for tip everywhere then you haven’t seen anything if tip is tax free.