#Drumpf bait & switch alleged #American service industry workers would have #NoTaxOnTips but reality is far more convoluted, with list of professions even applicable for promised #IRS #income edge not to be finalized until October...

So far it appears that perhaps far less than 2% of #AmericanWorkers are likely to finally file and qualify

In General : Great #Gratuity Grab via #BigBeautifulBill will likely only cover up to $20k, and becomes a #refund only if employers reported the worker’s tips ahead of tax day on a Form W-2 or 1099 — with a copy going to the #employee and the IRS. Plus excluded from deal are musicians, actors or anyone reporting making more than $150k a yr.

This article attempts to clarify other deets what workers expecting #TrumpTaxRefunds will need to know

https://www.cnbc.com/2025/07/18/trump-big-beautiful-bill-no-tax-on-tips.html

social media #influencers just had a lot of their tax burden eliminated via the new "no tax on tips" rules.

it's the equivalent of 20-30 years ago implementing a policy of just handing out free money to every journalist in the country. i hate it but tbh it's kind of brilliant politics.

https://x.com/metzgov/status/1962923853971169663

#uspol #uspolitics #IRS #tax #taxes #Notaxontips #trump #MAGA #socialmedia #instagram #x #twitter #tiktok

#Trump’s #NoTaxOnTips BS probably won’t help tipped workers

Eliminating federal #taxes on #tips is just about the ONLY idea that Trump has to offer #workers’ pocketbooks.

The idea emerged almost out of nowhere in June, when Trump announced at a #Nevada rally that he supported a local waitress’s suggestion that workers shouldn’t pay taxes on tips. Under current #law, tips are treated the same as regular #wages are for #tax purposes.

https://www.washingtonpost.com/business/2024/08/13/trump-harris-tax-free-tips/

Not sure why one type of income in the US should be exempt from income tax. But then again I’ve always disliked the tipping culture of the US. Even more so after living outside of the US for most of my adult life.

Good deal for hard working, under paid, often exploited service/hospitality workers, but just such an oddity of the the US system.

#NoTaxOnTips