No taxes on tips sounds good. Experts say the effects would range from hardly life-changing to potentially harmful.
  • Most tipped workers already don’t pay federal taxes.
  • Increasing the tipped minimum would do more.

Edit: really there should be no minimum lower than the hourly minimum.

  • orclev@lemmy.world
    4·
    20 days ago

    Hmm, what if instead of removing taxes from tips they make the tax rate on tips 100%? It would effectively eliminate tips as a source of income forcing companies to pay competitive wages without factoring tips in. Also if people knew 100% of their tips were going to the government they’d stop tipping pretty much overnight.