Trump said “NO TAXES ON OVERTIME NO TAXES ON TIPS”. Turns out now they are just taxing themselves tips and overtime separately from your regular hours lol
Posted by hotboyivan
Trump said “NO TAXES ON OVERTIME NO TAXES ON TIPS”. Turns out now they are just taxing themselves tips and overtime separately from your regular hours lol
Posted by hotboyivan
2 Comments
And even that is only the federal tax, your still paying social security, Medicare etc on it. Plus you’d need to itemized over the standard deduction to even apply for it
“Income within the meaning of the Sixteenth Amendment and the Revenue Act, means ‘gain’… and in such connection ‘Gain’ means profit…proceeding from property, severed from capital, however invested or employed, and coming in, received, or drawn by the taxpayer, for his separate use, benefit and disposal…Income is not a wage or compensation for any type of labor.”
*Stapler v U.S., 21 F Supp 737 AT 739.*
“There is a clear distinction between `profit’ and `wages’, or a compensation for labor.Compensation for labor (wages) cannot be regarded as profit within the meaning of the law. The word `profit’, as ordinarily used, means the gain made upon any business or investment — a different thing altogether from the mere compensation for labor.”
*Oliver v. Halstead 86 S.E. Rep 2nd 85e9*
“… the government can collect the tax from a district court suitor by exercising it’s power of distraint… but we cannot believe that compelling resort to this extraordinary procedure is either wise or in accord with congressional intent.Our system of taxation is based upon VOLUNTARY ASSESSMENT AND PAYMENT, NOT UPON DISTRAINT”
[Footnote 43]
If the government is forced to use these remedies (distraint) on a large scale, it will affect adversely the taxpayers willingness to perform underour VOLUNTARY assessment system.
*Flora v U.S., 362 US 145,****never overruled***
“After further consideration, we adhere to that view and accordingly hold that the Sixteenth Amendment does not authorize or support the tax in question.” (A tax on salary)
*Evens v Gore, 253 U.S. 245. US Supreme Court,****never overruled***
“The phraseology of form 1040 is somewhat obscure …. But it matters little what it does mean; the statute and the statute alone determines what is income to be taxed. It taxes only income “derived” from many different sources;one does not “derive income” by rendering services and charging for them…IRS cannot enlarge the scope of the statute.”
*Edwards v. Keith, 231 F 110,113*
“The 16th Amendment does not authorize laying of an income tax upon one person for the income derived solely from another.”[wages]
*McCutchin v Commissioner of IRS, 159 F2d,*
“Tips are giftsand therefore are not taxable.”
*Olk v. United States, February 18, 1975, Las Vegas, Nevada.*
“Property acquired by giftis excluded from gross income.”
*Commissioner of IRS v Duberstein, 80 5. Ct. 1190.*