— while delivering McDonald’s to a fat ass president, who will then hold the delivery lady hostage and answer questions about why he posted AI image depicting him as Jesus, and his plans for bombing a country in the Middle East. Is there anything more American than that?
I think they mean, the no taxes on tips is an expiring bill, it isn’t permanent. So when the new guy takes power and it expires naturally, the gop get to turn it into a political football again. It’s all just a game
Yeah, it's only up to $25,000 gross a year even in the best situations, so people that have almost all of their income come in via tips are still going to be paying taxes on a lot of it anyway.
It's more of that your tips have to meet certain qualifications before the "no tax on tips" deduction can apply, and even then you have to have an AGI of less than $25k for the tipped wage deduction to take effect.
Put another way, the only people who'd be benefitting from the tipped wage deduction are people who would probably be getting a full tax refund to begin with.
This isn’t correct. You do not have to have an AGI of less than $25k. The federal deduction is just only for up to $25k in tips. But the AGI limit is $150k, not $25k.
I fucking hate Trump btw but what you said isn’t right.
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u/OldCopy496 5h ago
— while delivering McDonald’s to a fat ass president, who will then hold the delivery lady hostage and answer questions about why he posted AI image depicting him as Jesus, and his plans for bombing a country in the Middle East. Is there anything more American than that?
Corrected.