3 ms·
I think most bartenders would appreciate an extra $25k.
by reissbaker 1y ago
I think most bartenders would appreciate an extra $25k.
- itake 1y agoI am sure they would! but that isn't what the law says. Its a $25k DEDUCTION. If someone earned $125k salary + $25k in tips. Their taxable income would decrease by about $6k (or $500/mo, 4% overall).
- reissbaker 1y agoOkay. I think they would also like an extra $6k.
- itake 1y agoThe Democrat's point isn't that workers shouldn't get tax cuts, but that he gave a $6,000 tax break to top earners, and gave even larger cuts to the wealthy overall.
- shazbotter 1y agoDeducting 25k does not mean taking home an extra 25k. It means, probably, somewhere around $1-3k, depending on their tax bracket.
- noboostforyou 1y agoThat's...not how it works, like, at all. It's a tax credit, not actual money that you pocket additionally from your existing paycheck. It also only lasts until 2028.