Reagan did something similar and got blasted by the left for it.
Interesting that only waiters, and not waitresses are affected.
I guess the IRS isn’t aware that most servers are tipped with credit and the amounts are added to their biweekly checks. Only about 20% of tips are cash and they already self-report those. Are they planning to frisk servers before they leave for the night now?
Heard the first income tax was sold on the idea “the only ones who’ll pay are the very rich.” Government quickly disposed of that lie.
And I thought the government has demanded what they assumed must have been the waitstaff income, even though it wasn’t.
As: how much money handled at the restaurant so “probably” they assume, tippers must have given this much. Even if not true.
From Turbotax:
Are servers taxed on assumed tips?
The simple answer is yes, the IRS treats tips as taxable income. If you earn tips, then you’re responsible for paying income, Social Security, and Medicare tax on that tip money.
I’m only surprised they waited this long.
Anyone remember vehicle logs if you wanted to deduct mileage or actual transportation costs?
The pushback from small business (I owned one) was IMMENSE and it was DOA.
People only take these jobs for the tips.
Luke 2:12-13 — “Some tax collectors came to be baptized, and they asked him, ‘Teacher, what are we to do?’ Don’t collect more than is legal, he told them.”
Luke 3:10—
Even tax collectors came to be baptized and they said to him,
“Teacher, what should we do?”
He answered them,
“Stop collecting more than what is prescribed.”
Soldiers also asked him,
“And what is it that we should do?”
He told them,
“Do not practice extortion,
do not falsely accuse anyone,
and be satisfied with your wages.
Tax collectors were hated in biblical times and were regarded as sinners. They were worked for the Romans, so this made them traitors. People resented paying taxes to the foreigners who ruled over them. bbc.com
Nope. Biden did say he was going to tax the wealthy. Pay their fair share and all that.
The blind organ grinder with the monkey at the corner, next IRS audit target..... got to pay for Olena Zelenska’s next Paris shopping trip....
However, graft,corruption, and kick backs will remain un-taxed at the current rates...
I’ll make sure to take cash for tips when drinking and eating in the states from now on.
How much tax has Brandon paid on his China and Ukraine money?
One good reason to tip with cash and not on a card.
YEAH!!!
Its about time that those Billionaire Waiters get their tip loophole closed.
And you right winger conspiracy nuts who thought that those 87,000 new IRS agents were going to go after the middle class and working poor instead of the ultra wealthy like Biden promised, i bet you feel really silly now.
Love it.. 10-1 most waiters/waitresses voted for Brandon. However, it’s still wrong.
Now THAT will save the economy!
Wait staff will pay down the national debt!
And the govt will be able to keep spending!
(/s for the sarcasm impaired.)
Ha ha ha ha ha ha ha ha ha ha ha ha.
I told you so—Ruah Limbaugh
Since when do waiters make over 400k? I want THAT job.
It’s obvious none of those bass turds on Capitol Hill ever worked as a waiter or waitress. When are they going to “crack down” on the turds in the Congress stinking up the joint so bad that they have to spend a fortune on air freshener.