Taxing Tips
- Thread starter HALL85
- Start date
No tax on tips and no tax on IT are two of the most stupid financial moves ever. First, people who get tips don’t report most of if any tips. It’s an underground economy. Waiters at fine restaurants can earn 6 figures And that will be tax free? They don’t report cash tips at all and are getting a break. I’m sorry, u earn money from your job and you get taxed. Whether it be from tips or OT, it should be taxed. He’ll, there are jobs where OT comprises the majority of someone’s pay. It’s absolutely ludicrous to even propose this.
My sense is cash tips have diminished greatly between use of credit card and pay apps. How many people actually pay cash in a restaurant these days? I’m a dinosaur and probably pay with cash 10% of the time. One thing I will do though is tip the server separately from the bill, but most people don’t do that.
And think of the generational change. My kids are in their 30s and lucky if they have five dollars in their wallet.
This is obviously for optics more than anything else.
And think of the generational change. My kids are in their 30s and lucky if they have five dollars in their wallet.
This is obviously for optics more than anything else.