I see voluntary tips as gifts, which should never be taxed.
Have done accounting since 1957.
AGREED.
IT is a GIFT....NOT TAXABLE.
I like your rationale. I'm going to adopt it.
I've always been a "tip in cash" guy because frankly, the FedGov & IRS behemoths have no business knowing what these people who bust their butts to provide good service, are making.
These are typically (not always...) students, people workign second jobs because they have to, older people who need additional income, etc.. I much prefer to tip in cash because it HELPS them.
Never thought of it as a "gift" ... now I will. Thank You!
“I see voluntary tips as gifts, which should never be taxed.“
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I do too which is why I always tip in cash and pay the bill with a card. Having family members who work for tips I’m familiar with the games employers can play with “on-the-record” tips such as pooling and diverting substantial amounts to kitchen staff.
The biggest downside I see from Trump’s proposal would be IF the tip income would no longer be credited for Social Security purposes. In other words ideally exclude it from INCOME TAXATION while maintaining it under SOCIAL SECURITY CONTRIBUTION coverage.
That's a bingo.
(Is that how you say that? "That's a bingo"?)
you a correct
No income should be taxed. Trump is doing away with the income tax soon so promising no tax on tips is easy.
I second that!
Tip=Gratuity or Gift (unless it reaches the taxable threshold- only to satisfy the leftists)
Pay the staff minimum wage. Doesn’t the establishment have to pay payroll taxes on the tips too?
Except for those restaurants which automatically add an involuntary "tip" to the bill.
Exactly