Posted on 03/16/2023 4:37:10 AM PDT by Phoenix8
When President Joe Biden signed the Inflation Reduction Act last year, the White House touted how the bill's $80 billion in new funding for the IRS would "make our tax code fairer by cracking down on millionaires, billionaires, and corporations that evade their obligations."
It now appears that some of those resources—and some of the coming crackdown on tax evasion—will, quite predictably, be aimed at individuals earning considerably less.
This week, the Treasury Department and IRS announced plans to overhaul existing programs that track tips earned by service sector workers. The new Service Industry Tip Compliance Agreement (SITCA) program will "take advantage of advancements in point-of-sale, time and attendance systems, and electronic payment settlement methods to improve tip reporting compliance," according to the IRS.
(Excerpt) Read more at reason.com ...
Biden is going to start taxing the working poor, even more when he promised to only tax those making 400,000 a year.
They are slaves to leftist dogma.
https://www.irs.gov/newsroom/irs-introduces-new-service-industry-tip-reporting-program
This is the correct link to the IRS page—
https://www.irs.gov/newsroom/irs-introduces-new-service-industry-tip-reporting-program
If you have a tip jar, you are likely a minimum wage liberal.
Always tip in cash. Make sure the waitress shares with the bartender and busboy, but not with the IRS.
Let me explain it in simple terms: if it’s a good thing to raise taxes on a single mom working two jobs to give more welfare to her chronic work avoiding deadbeat ... you might be a Democrat.
Actually, servers are exempt from minimum wage laws in most jurisdictions.
A great read for the road we're on!
Tip income is easier to track, in SOME cases, because of more sophisticated reporting and tracking software. AND tip money is becoming a bigger part of the economy in visible parts of the economy. Put that all together and the noise level alone is worth investigating harder, with the assumption that the IRS will come out ahead by finding more taxable income. Sort of like why the EIC is a hot-bed of investigation, compliance and fraud - people cheat on that because they think they can get away with it.
If only the IRS went after drug dealers and coyotes the way it goes after the soft targets and low-hanging fruit.
TIPS !!
they’re flooding the country with ILLEGALS...
who won’t pay any taxes...
yet want to chase waitresses, bartenders, and hairdressers for a few extra bucks?!
ph*ck them
Im going to tax millionaires and billionaires but 1st I’m going to bail Dem out of of their failed esg investments in my failed esg banks.
This idea is not original to me, but I like it, so I am posting it here...
When you pay at a restaurant, if you are using a credit card, leave 1 dollar as a tip. Then give your server an appropriate tip in cash. In this way, there is a trackable record of a 1 dollar tip for tax purposes, and none for the cash. If the server or restaurant is audited, their buttons are covered.
I would love it if this idea spread around. Imagine all trackable tips all being just 1 buck.
These are petty close guestimates
That’s another thing I told the leftist. Why would the IRS need 87,000 agents to audit multi-millionaires?
This is excatly why I always try to tip in cash. Both of my kids worked as wait staff and tips were all that made it possible to live. $2.14 per hour is not liveable.
A rich source of hidden largess is kid’s piggybanks. The Brown Shirts will find them all!
18 more months....America can’t withstand it as there-s too much and varied evil yet to be foisted.
AOC approves of this.
The IRS can audit every American in a matter of minutes once the information makes it into a database.
The 87,000 agents will focus on your income and spending. If you drive a $100,000 car and work at McDonalds and report $20K income, you’re going to have some explaining to do.
If the Fed converts us to digital currency, our freedom will end there.
Spaceballs 2: The Search For More Money!
Sounds like AOC would make a great Commissioner of Internal Revenue Service.
Never, ever add a tip to your card. Hand the cash to the wait staff with a big smile and thank you.
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