And as someone who’s spent much of my career in a tipped position, all tips should be taxed. All income should be taxed. It’s what keeps society working.
Now, anyone in a tipped position should be taxed less, but we shouldn’t be targeting the source of the income. Take two people; a server making $60k and a teacher making $60k. Both should be taxed less than they currently are (and billionaires taxed much much much more), but saying the server should pay less than the teacher because much of their income is tips is prioritizing the wrong thing in society. Eliminating tax on tips is wrong when the republicans proposed it, and it was wrong when democrats agreed. Lower the tax burden on lower brackets, and raise it on those in the much higher brackets. Don’t target the source of the income.
I absolutely agree, especially because the primary income of the extremely wealthy (unrealized gains on stocks and such) isn’t getting taxed properly either.
And as someone who’s spent much of my career in a tipped position, all tips should be taxed. All income should be taxed. It’s what keeps society working.
Now, anyone in a tipped position should be taxed less, but we shouldn’t be targeting the source of the income. Take two people; a server making $60k and a teacher making $60k. Both should be taxed less than they currently are (and billionaires taxed much much much more), but saying the server should pay less than the teacher because much of their income is tips is prioritizing the wrong thing in society. Eliminating tax on tips is wrong when the republicans proposed it, and it was wrong when democrats agreed. Lower the tax burden on lower brackets, and raise it on those in the much higher brackets. Don’t target the source of the income.
I absolutely agree, especially because the primary income of the extremely wealthy (unrealized gains on stocks and such) isn’t getting taxed properly either.