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LiberalArkie

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5. I wonder how many times a month this can be claimed. As a lot of very wealthy people do not have

Tue May 20, 2025, 07:11 PM

May 20

an payroll income. Comes to mind Steve Jobs and Elon Musk.

$160,000 seems like a pretty good income to be getting cash tips.

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Senate unanimously approves bill to create tax deduction for cash tips [View all] Jose Garcia May 20 OP

yup... all the waiters and waitresses I know lapfog_1 May 20 #1

It isn't clear from anything I can find quickly that this is an itemized deduction or a front page deduction Ms. Toad May 21 #36

Tangential but they prefer to be called "servers" these days sir pball May 21 #41

Less Social Security and Medicare for servers then. no_hypocrisy May 20 #2

Tips won't be exempt from payroll taxes, just federal income taxes wishstar May 20 #7

Why? JBTaurus83 May 20 #3

Yep Falcon101 May 20 #10

Because tips are not only bamagal62 May 21 #31

The real secret is that the supreme court markodochartaigh May 20 #18

The server making a few hundred a night in tips at a nicer place is tax exempt ClaudetteCC May 21 #46

opps I read it wrong thatdemguy May 20 #4

I wonder how many times a month this can be claimed. As a lot of very wealthy people do not have LiberalArkie May 20 #5

Huh? There's nothing to be claimed monthly Wiz Imp May 20 #14

Not if you live in New York or California, I suppose... Jack Valentino May 20 #22

What the hell is happening angrychair May 20 #6

Ummmm, this was a proposal endorsed by our 2024 Presidential candidate....... just saying. nt kelly1mm May 20 #25

Irrelevant angrychair May 21 #35

Candidates running for the 2028 nomination can always campaign on a promise to restore taxes on tips, I suppose. MichMan May 21 #44

It's not about the taxes on tips itself angrychair May 21 #47

Only applies to cash tips? jmowreader May 20 #8

I am really torn on this. LonePirate May 20 #9

Cruz's bill does not require itemization, it includes cash AND credits card tips. Gonna be hard to oppose that. Silent Type May 20 #11

I'm very skeptical creeksneakers2 May 20 #19

You could read the bill. I'm as certain as I can be it would include credit card tips the employee gets. Silent Type May 20 #20

I believe what you say. "Cash tips" is another instance of very poor reporting by the MSM, Jack Valentino May 20 #24

Have to admit, I wondered too when I first saw "cash." But since checks are considered "cash," I looked it up. Silent Type May 20 #26

The bill makes says only tips reported to employers. creeksneakers2 May 20 #27

I already linked to the bill. creeksneakers2 May 21 #30

No help for the poor low-income hourly bastards who don't get any tips, though... Jack Valentino May 20 #23

Oh, I agree. trump has commented on removing income taxes for all lower incomes. Sure he lied. Silent Type May 20 #29

I'm just waiting now for the owners of said restaurants and bars to start skimming or outright taking tips Javaman May 20 #12

People will probably tip less because of this. chowder66 May 20 #13

Why? BlueTsunami2018 May 20 #16

Rich people will see it as an excuse to tip less as well as mean assholes. chowder66 May 20 #17

Saw your post earlier and have been thinking about it, I think you are right. A-holes like trump will say Silent Type May 21 #33

Yes they will Falcon101 May 21 #38

Didnt SCOTUS rule that bribes are tips? Cha CHing! Blues Heron May 20 #15

True, I laughed hard. Although government level bribes are usually more than $160K Silent Type May 20 #21

So let me ask this dweller May 20 #28

LOL. I'd darn sure list it under tips. But, honestly, would you report all of it now? Silent Type May 21 #32

No tax on "tips", but then we'll claw it all back in tariffs. Mawspam2 May 21 #34

What the Fed may lose in revenue will be partially recovered by the States DFW May 21 #37

Fucking up taxes for more than fifty years and they never tire of it. twodogsbarking May 21 #39

As a thirty-year hospitality worker this made me giggle sir pball May 21 #40

The bill doesn't differentiate between cash and credit tips either. MichMan May 21 #42

Our Dems HAD to vote for it or the Repubs would've screeched: "The tax-and-spend Democrats are taxing your tips!!!" But LaMouffette May 21 #43

dont matter- they can use that cash to buy bananas and bacon. drill baby drill. Nimble_Idea May 21 #45

This is entirely about newly legal cash tips for elected officials Simeon Salus May 21 #48

You'd be surprised. BlueTsunami2018 May 21 #49

Right. I'm sure there are hundreds of thousands of American servers, bartenders and dancers making $160K per annum! Simeon Salus May 21 #53

Well, I'm not going to be super generous anymore with my (post-tax) tip dollars based on my (post-tax) Wingus Dingus May 21 #50

Is this now a negotiable component of compensation? bucolic_frolic May 21 #51

It's a trick JustAnotherGen May 21 #52

But the real question is "will this affect GrovelBot???" That tip jar is vital! Maeve May 21 #54