Instead of making the tipped and federal minimum wage a living wage, we’re ending taxes on tips so taxpayers can continue to subsidize hospitality employers who pay poverty wages.
This is a handout to the hospitality industry and their lobbyists, not a tax break for workers.
This is a handout to the hospitality industry and their lobbyists, not a tax break for workers.
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The federal minimum wage for tipped employees is $2.13/hour
Don’t know the details but hope there are “caps” on income so assholes like LUTNICK doesn’t pay himself $10,000/year & “tip” himself $50M.
Eradicating cockroaches is difficult, but you must be diligent.
2022, the Pew Research Center, defines middle-income households as those with incomes between two-thirds and double the U.S. median household income. This translates to roughly $56,600 to $169,800 annually for a three-person household.
"It was a tip, a Gratuity"
What is does is allow those making 6 figures or more to reset their employee designation as 'tipped' wages so they can avoid taxes on substantial amounts of earnings.
So I sell a house for 500k and get a commission of 5%, I now can classify my 25k commission as a tip.
Look for a ton of abuse on that.
Rather see 37% tax on annual earnings of GDP distribution by U.S. Treasury Department
$25 trillion distributed last year
$9.25 trillion tax owed on distribution from Treasury
Whom gets distribution should be next question.
Apply National Debt.