Posted on 01/31/2012 4:22:40 PM PST by SJackson
During any presidential election year, taxes are sure to be a large part of the debate. That’s especially true during these tough economic times.
One side argues that high-income earners aren’t taxed enough and advocates higher taxes on this group to balance our budget and get our economy moving.
The other side argues that taxes are too high and advocates for lower taxes on businesses, high-income earners and virtually all Americans as a way to stimulate our economy.
But there’s one sector of American workers who are often overlooked by both sides during the never-ending debate on taxes.
That’s service-industry workers, who, despite often being underpaid and overworked, are always overtaxed.
(Excerpt) Read more at lasvegassun.com ...
Reference, please?
Tipping would sure become a more common form of wage.
Look up page, see the link. The Las Vegas Sun. Author, Ron Paul.
Here's a couple more if you don't like the Sun.
http://thehill.com/blogs/blog-briefing-room/news/207745-ron-paul-stop-taxing-tips
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=newssearch&cd=1&ved=0CDUQqQIwAA&url=http%3A%2F%2Fwww.thestatecolumn.com%2Farticles%2Fron-paul-slams-taxes-on-tips%2F&ei=zoQoT8W8MaWl2AXDv4nDAg&usg=AFQjCNHOB8zuvcio920KmIu-LufGoJVUAA
Now you have to come up with a reason why tips shouldn't be taxed, while other income should.
Proposing the end of taxes on tips in Vegas is the height of pandering in that service oriented city- shows Dr. Paul is serious about doing whatever he can to get votes.
But the idea still has some merit, as no one really knows what tips any waiter, cab driver or beautician receives.
Often not even the recipient.
If you get a credit card debt cancelled (as in a bankruptcy or legal action of some sort) that amount is taxable.
It wouldn't have to be part of the debate if our tax code wasn't such a joke. It's nothing but a tool for politicians to pit one group against another.
We are slaves to these bastards. Pure and simple.
See tagline.
Yes, Bubba will be giving speeches for $10 and a $1 million tip. So will folk on the right. No sense to this at all other than pandering.
No merit in cheating on taxes, no matter how easy it is.
Forclotures depending on how they're handled. I could probably be convinced that "forgiven" debt, when canceled through legal action, might be worth addressing. And that's a big might. Tips are income, easy to cheat on, but taxable income. The fact that you can cheat isn't a reason to make the income non taxable.
Maybe, nevertheless I agree with it.
The tax code assumes you earned a tip whether you did or didn't. That strikes me as wrong. Tips were not taxed at one time, and in my opinion shouldn't be.
While we're at it, I think social security checks should not be taxed either. They weren't, once upon a time, and shouldn't be.
Isn't there an exemption for the first $13,000 per person of gifts?
The first line from the Wikipedia entry on gift taxes in the United States says:
A gift tax is a tax imposed on the gratuitous transfer of ownership of property.
Wouldn't one think that a "gratuity" is a "gratuitious transfer" of property?
-PJ
I agree, but a different issue. Pandering is what this "proposal" is about
Nice Guy Eddie: C’mon, throw in a buck!
Mr. Pink: Uh-uh, I don’t tip.
Nice Guy Eddie: You don’t tip?
Mr. Pink: I don’t believe in it.
Nice Guy Eddie: You don’t believe in tipping?
Mr. Blue: You know what these chicks make? They make s—t.
Mr. Pink: Don’t give me that. She don’t make enough money, she can quit.
Nice Guy Eddie: I don’t even know a f-ing Jew who’d have the balls to say that. Let me get this straight: you never ever tip, huh?
Mr. Pink: I don’t tip because society says I have to. Alright, I tip when somebody really deserves a tip. If they put forth an effort, I’ll give them something extra. But I mean, this tipping automatically, that’s for the birds. As far as I’m concerned they’re just doing their job.
Mr. Blue: Hey, this girl was nice.
Mr. Pink: She was okay. But she wasn’t anything special.
Mr. Blue: What’s special? Take you in the back and —— your ——?
Nice Guy Eddie: I’d go over twelve percent for that.
Mr. Pink: Look, I ordered coffee, alright? And we been here a long time and she’s only filled my cup three times. When I order coffee I want it filled six times.
Mr. Blonde: Six times? Well, what if she’s too busy?
Mr. Pink: The words “too f-——g busy” shouldn’t be in a waitress’s vocabulary.
Nice Guy Eddie: Excuse me Mr. Pink, but the last thing you need is another cup of coffee.
Mr. Pink: Jesus Christ man, these ladies aren’t starving to death. They make minimum wage. You know, I used to work minimum wage and when I did I wasn’t lucky enough to have a job the society deemed tipworthy.
Mr. Blue: You don’t care if they’re counting on your tips to live?
Mr. Pink: [rubbing his middle finger and thumb together] You know what this is? The world’s smallest violin playing just for the waitresses.
Mr. White: You don’t have any idea what you’re talking about. These people bust their ass. This is a hard job.
Mr. Pink: So is working at McDonald’s, but you don’t see anyone tip them, do you? Why not, they’re serving you food. But no, society says don’t tip these guys over here, but tip these guys over here. It’s bull——!
Mr. White: Waitressing is the number one occupation for female non-college graduates in this country. It’s the one job basically any woman can get, and make a living on. The reason is because of tips.
Mr. Pink: F all that! I’m very sorry the government taxes their tips, that’s f’d up. That ain’t my fault. It would seem to me that waitresses are one of the many groups the government ——s in the -— on a regular basis. Look, if you show me a piece of paper that says the government shouldn’t do that, I’ll sign it, put it to a vote, I’ll vote for it, but what I won’t do is play ball. And this non-college bs you’re givin’ me, I got two words for that: learn to f’in’ type, ‘cause if you’re expecting me to help out with the rent you’re in for a big f-in’ surprise.
Mr. Orange: You know what, you just convinced me. Gimmie my dollar back!
Social Security is different. You pay income tax on your SS taxable income, so it's reasonable the benefit would be non taxable coming out. Or at least the "non earnings" portion, not that SS has a fund or earns anything. Taxing on an income basis is simply redistribution.
If you pay someone cash, they don't have to pay tax on it, obviously, but you also don't get to take it off on your taxes. Which strikes me as right. If you aren't deducting the amount you pay in wages, then you are being taxed on it. Either way, the gov gets its dough. There are times, though, when its easier to pay cash and lose the deduction than pay above the table and make the other guy pay the tax.
Taxing forgiven debt is already being implemented. It started with all that credit card legislation in 2010 so that say a CC company sees they can’t collect and write it off you are sent a form you have to include with your tax form indicating the amount that was written off. If it’s like $1800 then you have to add that amount to your gross income.
Last time I checked, the power to levy taxes was in Congress’ hands, not the authority of the Commander in Chief of the US Armed Forces. Why is he applying for a job in which he has no skills for? What is funny is he is trying to take credit for a Congressional Bill that was actually Duncan Hunter’s bill and he didn’t even cosponsor.
http://thomas.loc.gov/cgi-bin/bdquery/z?d105:H.R.4408:
All he did was try to take credit for reintroducing and moving Hunter’s bill to the Way’s and Means Committee as the later HR779, but he didn’t write it nor did he initially cosponsor it.
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