Originally posted by: Kevin Lewis
If taxes on tips were eliminated, we wouldn't have to worry one way or the other, because the resulting Trump deficit would make it impossible for anyone to afford to go to Vegas, or to their local restaurant, for that matter.
I've yet to see the logic of not taxing tip income. What's so special about it that it shouldn't be taxed? I pay taxes on MY income.
(Of course, this was just a pandering gesture by Trump to try to buy votes, and since he plans to run the US like he runs his businesses--don't pay the bills--I guess another couple trillion added to the deficit doesn't matter that much.)
If I'm tipping with my taxed dollars and the service person is allowed to earn it tax-free, I think I'd tip 25% less, I'm a consistent 20% tipper, I would start tipping 15%. That's is my point, I should have written a better explanation.
I agree. Why do people want to start carving out special groups of workers to give targeted tax breaks to? I would like to see a more simplified tax code, not one that has multiple carve-outs for different industries.