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Instead of ending taxes on tips, expand the lowest tax bracket, pay a living wage, and get rid of tips entirely.
Or do both. Can't really think of a good reason why tips should be taxed. They're a major source of income for some of the lowest income workers. Which makes me incredibly doubtful we'd ever see such a measure passed by Republicans as it doesn't benefit billionaires in any way.
In a perfect world we wouldn't have tips as a significant source of income for anybody, but until we achieve that this actually sounds like a decent idea. Would be fucking hilarious if Kamala said "You know, that's not a bad idea, I'll pledge to do the same", really take the last bit of wind out of Trump's sails.
If you can't think of how not taxing tips could be abused by people to get out of paying taxes, you don't have a good imagination.
Raising the lowest tax bracket has the effect of removing the tax on the poorest while also not opening up a loophole that would be abused to avoid taxes.
Except it would further cement tipping into the culture by giving tipped earners additional incentives to keep tips around. Raising the bracket doesn't do that, and would help more people that need help than just tipped earners
Ask Ronald Reagan... that is his legacy.
Sounds great, but probably not gonna happen so why not have the next best thing and let people keep more of the money they make
It won't actually make much difference... some huge percentage of tips never get reported and taxed in any case. It also treats the symptom instead of the problem. I have no problem with incremental improvements, but this really doesn't improve anything. You'll also find rich people now 'tipping' huge sums, so it will be a net negative.
Most of my gf's money comes from tips and it's setup to make it very hard to not report tips without getting fired and she would bring in quite a bit more money without being taxed on it
Wouldn't it be great if the corporate loophole that forces your gf to take and report tips was closed and she earned a livable wage directly from her employer instead of relying on people's kindness to meet her needs financially?
Or do you just really want trump to have a single opinion that seems approachable at face value?