No taxes on tips sounds good. Experts say the effects would range from hardly life-changing to potentially harmful.
  • Most tipped workers already don’t pay federal taxes.
  • Increasing the tipped minimum would do more.

Edit: really there should be no minimum lower than the hourly minimum.

  • Darkonion@lemmy.world
    6·
    2 months ago

    Someone more eloquent and knowledgeable then me made an argument about how the ‘no taxes on tips’ was going to be step one and then ‘no limits’ on tips would be step two which would lead to some unholy abomination of tax evasion for the already insanely rich. I don’t remember where I saw that, though.