I mean, I’m assuming “no tax on tips” means no Social Security tax either. If it’s just no FIT on tips then the impact is quite minimal.
Actually, for parents it would be catastrophic as it would kill their Earned Income Tax Credit if tips did not count as earned income.
Because I bet a lot of tipped employees ultimately have a negative FIT due to EITC.
My back of the envelope calculation results in the US owing Great Britain $8-10 trillion in today’s dollars. Maybe GB wrote it off after US intervention in WW2.
Boy the more I think about it, the more of a terrible idea I realize it to be.
It would really only help people who use tipped jobs as a temporary gig while they’re in school. Like me. Not like people who are supporting families from their income as tipped employees.
Yeah, it sucks that they get negative paychecks and owe tax at the end of the year, but treating tips as gifts ultimately just makes it worse.
France, looking at Haiti: “don’t get any ideas.”
Are you familiar with the reparations France extorted from Haiti for their revolt?
(For those who aren’t: Haitian independence debt - Wikipedia)
I’m quite familiar with it, that’s why I wrote what I did.
I saw this on another forum and just had to share. A bit for Harris in the debate.
“You know, his political career is like The Apprentice. New idea, new star, flashy helicopter, high ratings. By the eighth season, it was same old stuff. No real substance, just boring. They lost two-thirds of their viewers by then. Well, Donald, you just aren’t new and fun anymore.”
If Harris can’t use that in the debate, she and Walz could use it at rallies. I think poking fun at The Apprentice, especially the ratings, would really get under Trump’s skin.
He would spend days rage tweeting about The Apprentice.
Would ABC allow “promotion” of an NBC franchise on ABC’s stage? 
i like this
I don’t know if pointing out that they lost 2/3 of their viewers is “promotion”.
I meant to say restaurant instead of fast food but you and Twig have thoroughly answered my question in any event.
It seems gimmicky at best to exempt tips from taxable income as it does not make much sense from a tax policy viewpoint. However Harris probably has no choice but to follow Trump’s lead on this as it does appeal to some voters.
Don’t make us come over there and disrupt this very stable thing you’ve got going on!
See Britain gets all the imperialism shit. Where’s the shame for France!?
They are technically Walz’ family - descendents of the brother of his grandfather. Walz’ sister mentioned to the media that she doesn’t even recognize any of them.
That would be second cousins if I doing it correctly.
At least, those who are of the same generation as Tim.
They share one great-grandfather.
It’s even more amusing because some of Trump’s closer relatives think he’s deplorable (Mary and Fred III)
You are correct.
Tim’s Grandfather’s brother (let’s call him Bob) is Tim’s Great Uncle.
Bob’s kid is Tim’s first cousin once removed. (Bob and Tim’s parent are first cousins.)
Bob’s grandkid is Tim’s second cousin. (They are the same generation.)
Bob’s great grandkid is Tim’s second cousin once removed.
does america really need more incentives to start a small business? my impression is that small businesses mostly employ low wage workers. it’s actually very hard to start a small business that is creating high value products and employing high wage workers. I feel like too many americans glorify entrepreneurs instead of just wanting good stable employment in a large organization. Larger organizations often enhance worker productivity because they have the resources and knowhow to utilize technology.
