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If tips are no longer taxed, does that mean that they no longer count towards medicare, sick pay, pensions and such?
by Y-bar 1y ago
If tips are no longer taxed, does that mean that they no longer count towards medicare, sick pay, pensions and such?
- deleted 1y ago[deleted]
- SpaceNoodled 1y agoSurely. Nothing kind is done for kindness' sake by these cretins.
- immibis 1y agoThey abolished all those things so the question is moot.
- deleted 1y ago[deleted]
- greyface- 1y agoIt's structured as a federal income tax deduction, capped at $25k, and does not reduce reportable payroll or gross income. https://www.congress.gov/bill/119th-congress/house-bill/1/text#:~:text=SEC.%2070201.%20NO%20TAX%20ON%20TIPS.,-(a)%20Deduction%20Allowed https://www.congress.gov/bill/119th-congress/house-bill/1/te...
- deleted 1y ago[deleted]