Free Republic

Many service workers are eagerly awaiting no longer paying taxes on their tips. Yet the fine print in Republicans’ new law could limit savings for some waiters, bartenders and others. Among the particulars restricting the reach of the measure: Only the first $25,000 in tips are free from income taxes. Tipped workers will still face the 7.65% combined payroll taxes that fund Social Security and Medicare. And workers won’t be able to benefit if federal officials say their type of service job doesn’t qualify. “No tax on tips” started as a campaign promise by President Trump during a 2024 stop...

This is what Orwellian economics looks like. After Biden announced a campaign based around freedom, the Wall Street Journal’s Richard Rubin decided to write a surreal column/op-ed/story (what is this thing even supposed to be) accusing Republicans of raising taxes by proposing to dump Biden’s corrupt green subsidies and the Inflation Increase Act’s IRS boom. Republicans Effectively Voted to Raise Taxes. They’re Fine With That – WSJ When dealing with the media, any weasel words added to a sentence means that the whole thing is a lie. Now you understand the purpose being served by “effectively” in there. Rubin claims...

The Biden administration’s international tax agenda suffered a setback when Sen. Manchin rejected a 15% minimum tax on multinational companies this past week, dimming prospects of turning last year’s global tax agreement into reality. Biden administration officials had planned to use Democratic fiscal legislation to enact the U.S. piece of the deal struck last year by Treasury Secretary Janet Yellen and more than 130 other countries. They wanted quick action to set a 15% minimum tax on U.S.-based multinational companies in each country where they operate, a move aimed at showing international leadership and prodding other countries to follow suit....

​Richard Rubin -- husband of former Broward County Commissioner Diana Wasserman-Rubin, who still faces seven felony charges of her own -- was sentenced this morning to ten months in federal prison. Rubin, 66, pleaded guilty in April to federal tax evasion after failing to report $100,000 in fees he received from the town of Davie for a land deal he brokered in 2004. With attorney David Bogenschutz at his side, Rubin managed to get only ten months up the river...much less than the maximum penalty of five years. Rubin had said in court that he and the wife faced financial...