{"id":17909,"date":"2025-05-22T18:40:22","date_gmt":"2025-05-22T18:40:22","guid":{"rendered":"https:\/\/lonecandle.com\/?p=17909"},"modified":"2025-05-22T18:40:22","modified_gmt":"2025-05-22T18:40:22","slug":"an-end-to-tax-on-tips","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=17909","title":{"rendered":"An End to Tax on Tips"},"content":{"rendered":"\n<p>Tip culture is already out of control. This can only make it worse.&nbsp;<\/p>\n\n\n\n<p>&#8220;the Senate passed the No Tax on Tips Act 100\u20130, which &#8220;creates a federal income tax deduction of up to $25,000 a year for certain types of cash tips for eligible employees,&#8221;&nbsp;<a href=\"https:\/\/archive.ph\/6xIR6#selection-429.29-429.145\" target=\"_blank\" rel=\"noreferrer noopener\">per<\/a><em>The Washington Post.&nbsp;<\/em>(&#8220;Cash tips&#8221; include tips given not just in cash but also via credit and debit cards.) This applies to employees earning $160,000 or less annually.&#8221;<\/p>\n\n\n\n<p>&#8230;<\/p>\n\n\n\n<p>&#8220;If you actually wanted to help the household budgets of working-class people, the best thing you could do is refrain from imposing 10 percent across-the-board tariffs (and more for goods imported from China). It&#8217;s not clear to me that no taxes on tips, though President Donald Trump touted it repeatedly from the campaign trail, will do all that much, or that there was a ton of accurate tip-reporting happening in the first place.&#8221;<\/p>\n\n\n\n<p>&#8230;<\/p>\n\n\n\n<p>&#8220;creates an opportunity for people to try to categorize their normal income as tips, and how much they can now get away with remains to be seen.&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/reason.com\/2025\/05\/21\/an-end-to-tax-on-tips\">https:\/\/reason.com\/2025\/05\/21\/an-end-to-tax-on-tips<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tip culture is already out of control. This can only make it worse. <\/p>\n<p>&#8220;the Senate passed the No Tax on Tips Act 100\u20130, which &#8220;creates a federal income tax deduction of up to $25,000 a year for certain types of cash tips for eligible employees,&#8221; per The Washington Post. (&#8220;Cash tips&#8221; include tips given not just in cash but also via credit and debit cards.) This applies to employees earning $160,000 or less annually.&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;If you actually wanted to help the household budgets of working-class people, the best thing you could do is refrain from imposing 10 percent across-the-board tariffs (and more for goods imported from China). It&#8217;s not clear to me that no taxes on tips, though President Donald Trump touted it repeatedly from the campaign trail, will do all that much, or that there was a ton of accurate tip-reporting happening in the first place.&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;creates an opportunity for people to try to categorize their normal income as tips, and how much they can now get away with remains to be seen.&#8221;<\/p>\n<p>https:\/\/reason.com\/2025\/05\/21\/an-end-to-tax-on-tips\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[217,165,411,141,2215],"class_list":["post-17909","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-economics","tag-economy","tag-policy","tag-taxes","tag-tips"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17909"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17909\/revisions"}],"predecessor-version":[{"id":17910,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17909\/revisions\/17910"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}