this post was submitted on 12 Oct 2024
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This is worth a read if you're unfamiliar with how Trump's "no taxes on tips" proposal has been used by organized crime, corporations and the wealthy in the past to skirt massive amounts of taxes.

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[–] originalucifer@moist.catsweat.com 65 points 2 months ago (1 children)

holy hell!

he wants to allow corporations and individuals to 'tip' anyone any amount , tax free

this is a tax avoidance scheme of the grossest kind

[–] orcrist@lemm.ee 7 points 2 months ago

It's even worse than that. These tips have to be given after the fact, and they can't be promised in writing, and the high budget ones are given between people who are trying to get as rich as possible at everyone else's expense. So, why would I give you a ton of money for some past action when I don't have to, when I'm greedy and there's no agreement on paper? Clearly it's only because I expect to work with you in the future, and I want you to hook me up then. In other words, these high-value tips are actually bribes for future favors.