4 ms·
They may not pay any income taxes, but they almost certainly pay FICA taxes. If the NToT includes FICA, they would be better off. However, I still think it is
by limagnolia 1y ago
They may not pay any income taxes, but they almost certainly pay FICA taxes. If the NToT includes FICA, they would be better off. However, I still think it is terrible idea to advantage some employment classes and means of compensation over others like that.
- throw678937 1y ago[dead]
- ruw1090 1y agoNo tax on tips does not apply to payroll taxes (FICA).
- fn-mote 1y agoYes, creating special exceptions like this is an awful idea. More carve-outs complicating the tax code and pandering to specific constituents is a bad thing. It reminds me of listening to a story of how day care business owner-operators are not required by law to contribute to Social Security, don’t, and are then screwed at the end of their life because they don’t have any way to retire.