Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Libloather

Reducing or eliminating the tax on Social Security may be the easy one. With tips, it becomes income that isn’t reported to the IRS. I am not sure how they would implement no tax on OT.


4 posted on 01/31/2025 2:52:29 PM PST by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: CatOwner

No tax on OT would be fairly simple, except that employers would need a software update (for the most part). Shouldn’t be too hard to patch.


7 posted on 01/31/2025 2:53:26 PM PST by monkeyshine (live and let live is dead)
[ Post Reply | Private Reply | To 4 | View Replies ]

To: CatOwner

Simple solution is to ban the cutout for tipped employees to be paid well under minimum wage.


9 posted on 01/31/2025 2:55:23 PM PST by SPDSHDW (Execute Order 66....)
[ Post Reply | Private Reply | To 4 | View Replies ]

To: CatOwner

My guess is that tips would be handled like non-taxable combat pay which is not included in taxable income but including it for child tax credit and earned income credit is optional.


13 posted on 01/31/2025 3:12:25 PM PST by DFG
[ Post Reply | Private Reply | To 4 | View Replies ]

To: CatOwner

MANY states require a % of the bi.ll to be reported as TIPS...WHETHER tips happened or not. NOT fair to employee.

When on a Cred card-—easy to track.


16 posted on 01/31/2025 4:53:55 PM PST by ridesthemiles (not giving up on TRUMP---EVER)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson