Learn something new every day! Did anyone believe Trump was concerned about restaurant help??
via x
“Trump wants to eliminate taxes for tipped workers. Sounds good right? Until you realize that more than 1/3 of tipped employees are too low-wage to pay ANY income taxes anyway, so THEY wouldn't see any cut.
So who would see a tax cut?
Well, there's no cap on what counts as a tip, so this potentially creates a giant loophole for hedge fund mangers, lawyers, and other high-income professionals to receive a massive tax cut by reclassifying their massive bonuses or other compensation as "tips.”
Surprised it's a scam? Me neither.”