It wouldn't 'cost' a damn thing!
These people are economic morons...............
I see voluntary tips as gifts, which should never be taxed.
“Buchanan said. “I want to be sensitive, because they work hard. And obviously a big part of their earnings is tips. All these programs sound good; everybody likes to pay less taxes. But we got to pay the bills.”
Maybe you clowns could stop spend money we don’t have.
Just a thought.
L
True. Instead of these fake feel good “$20 hour” wages, just get rid of income tax and property taxes. That way, people would have so much more disposable income. Also, if our government stopped printing and spending we would not need all the feel good government mandated wages.
HOORAY 47. Demons sucking the blood out of over-taxed, hard-working Americans.
What has the federal government done FOR you lately? What is it costing you?
Cost who? The gov't. Who the hell cares what the cost is to the feds that is 80%+, $3+ trillion unconstitutional?
The left are giving our money, which amounts to over a trillion dol.ars a year when. Everything is factored in, to house, feed educate, plus incidental costs related to their criminal activities etc etc etc illegals
I have stats in my profile page which were from decades ago which had the esti ate back then at between $400-$600 billion- I’m sure that has climbed to over a trillion today given how many illegals have poured in to our nation
Imagine if we stopped paying a trillion or so a year on crim8nals who have broken our laws, and Instead helped out law abiding citizen low wage earners have a better life I stead
Any waiter or waitress dumb enough to declare a cash tip should pay taxes on it. Problem these days is that the “tip” is already on your bill and often paid by credit card. Cash gives people freedom . That is why the government wants a “cash free” society.
He should be callinb for a repeal of the 16th amendmnet and going back to 100% tariff funding of government if he really wants to start the fire to burn it all down.
Trump also suggested he would eliminate income tax and institute higher tariffs to fund the Government. That has raised quite a few hackles & naysayers. However those naysayers are not used to thinking outside the box.
Eliminating the IRS would save a great deal of money. Eliminating a few other Departments like the Department of Energy would save more. The $ spent on tax prep, tax planning & tax attorneys would plummet.
A tax on purchases with shielding of groceries, necessities, and non luxury goods would generate federal $ with a very small bureaucracy and would encourage savings.
The tariffs would shield American industry and encourage foreign companies to build plants in the USA with resultant job creation and cheaper goods since they would not need to be shipped internationally.
1. Eliminate the lower minimum wage for service workers who get tips.
2. Eliminate income taxes on tips.
You can’t do #2 without doing #1. Federal law, and many state laws, allow these workers to be paid less than the minimum wage, but only if their combined wages and tips meet or exceed the federal or state minimum wage. So employers are required to track the tips paid to their employees anyway, and end up reporting it as taxable income on the W-2 forms of the employees.
So how is he going to “pay people to have babies”??? I noticed he didn’t say citizens or taxpayers. We all know how corrupt the monthly Covid checks he sent out were.
“Several influential Republicans told NBC News they’re skeptical of the idea, citing the rising national debt and questioning whether it would be fair to earners who don’t make tips.”
These morons don’t have a clue as tipped employees, as a whole, make about $2.15 per hour plus their tips. A far cry from the “minimum wage”. If it wasn’t for the tips, they wouldn’t survive. The real good ones have excellent people skills and provide top-notch service. Service being the key word.
Maybe these clowns should stop fleecing US and enriching themselves through graft as well as other means. Remind me again how many billions have been wasted on the most corrupt country in the world?
And they say $250BN “over” ten years, which means that it’s “only” $25BN per year and also since they are clearly trying to scare us they probably exaggerated even the $25BN number, so it’s more likely to be $15Bn a year. Trump could save $250BN a year just by ending the one war in Ukraine.
“Tax expenditure” is the phrase used by Econocrats to calculate the “cost” (foregone revenue) of every deduction, allowance, or credit.
It is premised on the notion that the government has a right to 100% of a flat rate of income.
Any Orthodox, Traditional, Establishment, Blue-blood, Old-Money Republican who is opposed to this idea ought to be run out of the party.
If you are getting a minimum wage of say $15/hour as a waiter, the same minimum wage as everyone else, the 15% to 20% tip for average to very good service era is past.
Your tip might be $1 to $3 for average to very good service per person served. The total amount of tip income in uniform minimum wage areas will be far less.
These smaller tips will be much better appreciated and worked for if untaxed (by the federal government at least).