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Re:“No tax on tips” is an industry plant by reissbaker on Friday August 01, 2025 @04:30AM (#44754284)
I think most bartenders would appreciate an extra $25k.
Re:“No tax on tips” is an industry plant by itake on Friday August 01, 2025 @04:54AM (#44754419)
I am sure they would! but that isn't what the law says. Its a $25k DEDUCTION.

If someone earned $125k salary + $25k in tips. Their taxable income would decrease by about $6k (or $500/mo, 4% overall).

Re:“No tax on tips” is an industry plant by reissbaker on Friday August 01, 2025 @10:56AM (#44757729)
Okay. I think they would also like an extra $6k.
Re:“No tax on tips” is an industry plant by itake on Monday August 04, 2025 @01:20AM (#44782327)
The Democrat's point isn't that workers shouldn't get tax cuts, but that he gave a $6,000 tax break to top earners, and gave even larger cuts to the wealthy overall.
Re:“No tax on tips” is an industry plant by shazbotter on Friday August 01, 2025 @04:57AM (#44754445)
Deducting 25k does not mean taking home an extra 25k. It means, probably, somewhere around $1-3k, depending on their tax bracket.
Re:“No tax on tips” is an industry plant by noboostforyou on Friday August 01, 2025 @10:59AM (#44757776)
That's...not how it works, like, at all. It's a tax credit, not actual money that you pocket additionally from your existing paycheck. It also only lasts until 2028.