No Tax on Tips?

By Free Republic | Created at 2024-11-25 03:15:43 | Updated at 2024-11-25 05:25:13 2 hours ago

Skip to comments.

No Tax on Tips?
FR ^ | Nov 24 | RF

Posted on 11/24/2024 7:10:31 PM PST by RandFan

This was an early campaign promise from Trump which even his opponent endorsed (or stole)..

So it seems it will be one of his first measures to go through the new Congress?

It could be a hugely popular move especially in the service industry which is massive.

Go Trump!

(Excerpt) Read more at freerepublic.com ...

TOPICS: Business/Economy; Chit/Chat
KEYWORDS: vanity

Click here: to donate by Credit Card

Or here: to donate by PayPal

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794

Thank you very much and God bless you.

I'm intrigued to see how this goes...

There's also talk about a flat tax and other radical measures dealing with the tax code. Maybe because of the economic outlook.

1 posted on 11/24/2024 7:10:31 PM PST by RandFan

To: RandFan

No, the “talk” was about import tariffs not the flat tax. Then again you knew that.

2 posted on 11/24/2024 7:13:30 PM PST by central_va (I won't be reconstructed and I do not give a damn...)

To: central_va

I’m sure I read something about a flat tax.

Anyway, there’s lots of talk about tax reform which is a good thing

3 posted on 11/24/2024 7:14:56 PM PST by RandFan

To: RandFan

Tips (not to be confused with service charges) are gifts.

Gifts are only taxable when they are over $18,000 a year from one entity to a person.

Tips never should have been taxed in the first place.

It is like having to pay taxes on your birthday check from grandma.

4 posted on 11/24/2024 7:15:18 PM PST by Harmless Teddy Bear ( Not my circus. Not my monkeys. But I can pick out the clowns at 100 yards.)

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Read Entire Article