Kamala STEALS Trump’s “NO TAXES ON TIPS” Policy after the Biden-Harris Administration RAISED Taxes on Tips
Posted by Wookie9991
Kamala STEALS Trump’s “NO TAXES ON TIPS” Policy after the Biden-Harris Administration RAISED Taxes on Tips
Posted by Wookie9991
11 Comments
Submission Statement: Kamala campaign is taking the mirror approach to Trump. After Trump went to Las Vegas to promise them a popular policy, she followed him to the same place and copied his policy, despite having the opposite policy while currently in office. That’s why she has no policies on her website. She’s just going to copy his homework.
In what bill did Biden raise taxes on tips? By how much were they raised?
Article in the screen shot is Fox News opinion piece that doesn’t say anything about Biden raising taxes on tips.
https://www.foxnews.com/politics/bidens-irs-plans-crack-down-waiters-tips
AI must have told the Harris team this was a winning idea!
Isn’t it a good thing if both candidates agree on a popular policy like this? I don’t understand what the problem is
The president doesn’t get to change tax policy as it relates to tips. Biden didn’t raise taxes on tips and neither trump nor Harris can unilaterally say that tips won’t be taxed.
Any politician at any level will say almost anything to get or retain power during “campaign season”.
We don’t keep track of all the promises they made vs. the promises they kept, that’d be a full-time job. So, we rely on others to keep track for us. The media is doing a horrible job if that’s the job they’re supposed to do.
I am not a tax attorney, nor do I play one on TV, but, the “gig” economy is nothing new. Taxi drivers, waitresses and a plethora of other professions rely on tips to make their earnings rise out of sub-poverty of the lawful meager minimum hourly wage for service employees.
I believe the current law leaves the declaration of those tips as income to the individual recipient. However, I’ve heard they look pretty hard at what’s reported at tax time, and have red flags on the parameters if they suspect under-reporting.
So, is there currently a tax on tips under Biden? Yes. Always has been, under Trump too! And Obama, and Bush II and Clinton and Bush I and yes, even Reagan. Hell, there’s been tax due on tips (self-reporting) as long as I can remember!
I don’t care which current candidate CLAIMS they’re not going to tax tips any longer, I don’t think they can Executive Order it out of the tax code. BUT, if it is plausible, we need the answer to the OTHER and more important question. Are you for or against CBDC?
Because, that’s the out to keeping the promise. “I was GONNA not tax tips, but, oops, we’ve got CBDC now, so, there is no cash to tip anymore! Sorry, you’re gonna have to pay the taxes per the tax code on ALL income received, thanks for playing!”
Point is, they are in NO hurry to actually stimulate the economy from true bottom-up with the potential loss of tax revenue, albeit paltry by comparison to other taxing methods, but, that’s ok, the rug pull is in the push for CBDC. You will never be able to hide a tip from the proverbial “man” inside your mattress anymore!
Use your discernment!
A voluntary reporting program to streamline taxes that people are already supposed to be paying doesn’t sound like they “RAISED” taxes?
Plus as per the article, it was a proposal not something that seems to be in effect.
No. It was Ron Paul’s idea like 12 years ago.
Kamala. An American original.
Cracking down isn’t the same as raising though 🤔
This isn’t a GOP or DNC issue. Both can have the same policy thoughts. Remember why they want to do this? Businesses where employees can receive tips can then lower the hourly rate of pay.