United States | News & Politics

2877 readers

738 users here now

Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

simsymbiote@midwest.social

Type1@midwest.social

Senate unexpectedly passes the No Tax on Tips Act in a unanimous vote (www.nbcnews.com)

submitted 3 days ago by Amoxtli@thelemmy.club to c/usa@midwest.social

23 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Zaktor@sopuli.xyz 2 points 3 days ago (1 children)

Yeah, but if that's the reasoning, this bill does nothing. A tax deduction just reduces your taxable income. So you can volunteer to report your cash tips in order to not pay taxes on them. Or continue to not report and also not pay taxes. Or just report $25k. They all lead to the same tax burden.

[–] ShellMonkey@lemmy.socdojo.com 1 points 2 days ago

It's for show, 'he helps the little people!' while the actual deductions are all funneled to the top.