Taxes On Overtime, Tips, And Social Security

[Wally]

When will Trump end taxes on tips, OT and Social Security? White House says GOP must include in reconciliation bill

The legislative push may not come until after a March 14 government funding deadline.

nypost.com

 

[Wally]

If you do not pay taxes on overtime earnings, what's not to stop folk, particularly small businesses from paying themselves a small wage with giant overtime provisions?

 

[Gotta Go]

If you pay yourself...
Most of it is already tax free...

 

[Wally]

Why should overtime be tax free? I see it as another shifting of payment to someone else. I support Trump but not on this issue.

 

[Thebrownblob]

If you do not pay taxes on overtime earnings, what's not to stop folk, particularly small businesses from paying themselves a small wage with giant overtime provisions?

Obviously new tax code would need to be written, excluding just such a thing.

Personally, I would rather have a flat tax or consumption tax and be done with all of filing of taxes, yearly.

It will never happen because it’s an industry itself

I wonder if the founding fathers ever expected tax code to be so complicated the regular people couldn’t even understand it completely without some sort of representation to guard yourself from the government?

 

[Gotta Go]

Founding fathers didn't have income taxes...
Started in 1913...
16th Amendment...

 

[Babagounj]

I find it strange that we all have to fill out and file tax returns to the IRS that already has all of our information of file.

 

[Doublestandards]

I find it strange that we all have to fill out and file tax returns to the IRS that already has all of our information of file.

Inside TurboTax’s 20-Year Fight to Stop Americans From Filing Their Taxes for Free

Using lobbying, the revolving door and “dark pattern” customer tricks, Intuit fended off the government’s attempts to make tax filing free and easy, and created its multi-billion-dollar franchise.

www.propublica.org

 

[Wally]

I find it strange that we all have to fill out and file tax returns to the IRS that already has all of our information of file.

Many write a check. They want that money.

 

[Thebrownblob]

Inside TurboTax’s 20-Year Fight to Stop Americans From Filing Their Taxes for Free

Using lobbying, the revolving door and “dark pattern” customer tricks, Intuit fended off the government’s attempts to make tax filing free and easy, and created its multi-billion-dollar franchise.

www.propublica.org

Bastards

 

[Thebrownblob]

I find it strange that we all have to fill out and file tax returns to the IRS that already has all of our information of file.

It’s ridiculous

 

[bbsam]

If you do not pay taxes on overtime earnings, what's not to stop folk, particularly small businesses from paying themselves a small wage with giant overtime provisions?

I think it’s been established that there is another segment of pay that wouldn’t e taxed. Something the wealthy are interested in.

 

[UnionStrong]

Why should overtime be tax free? I see it as another shifting of payment to someone else. I support Trump but not on this issue.

Tax the in tips too. It’s income. No tax on SS, I paid the tax up front already.

 

[bbsam]

Tax the in tips too. It’s income. No tax on SS, I paid the tax up front already.

And the investment income!

 

[Thebrownblob]

Tax the in tips too. It’s income. No tax on SS, I paid the tax up front already.

Pipe down blue hair

 

[UnionStrong]

Pipe down blue hair

That’s enough outta you, tubby.

 

[Doublestandards]

Pipe down blue hair

I hate to agree with him but I do lol. I worry if taxes aren’t tipped it will only greater incentivize companies to encourage tipping and pay less wages, and the tax system in America is already out of control

I went to some coffee shop (to buy a thc drink) the lady hands me the can and flips the computer screen around to give me an option of tip selections. She literally grabbed the can and handed it to me.

I swear too I feel like she rolled her eyes and scoffed when I selected 0

Im sorry but I’m not going to subsidize workers wages because the corporations are greedy and don’t pay them enough.

 

[Thebrownblob]

I hate to agree with him but I do lol. I worry if taxes aren’t tipped it will only greater incentivize companies to encourage tipping and pay less wages, and the tax system in America is already out of control

I went to some coffee shop (to buy a thc drink) the lady hands me the can and flips the computer screen around to give me an option of tip selections. She literally grabbed the can and handed it to me.

I swear too I feel like she rolled her eyes and scoffed when I selected 0

Im sorry but I’m not going to subsidize workers wages because the corporations are greedy and don’t pay them enough.

Waiters and waitresses deserve tips, all the rest of these people asking for a tip for everything is out of control!

 

[Doublestandards]

Waiters and waitresses deserve tips, all the rest of these people asking for a tip for everything is out of control!

Yup Yea why does Starbucks deserve a tip but not Burger King?

Fundamentally I don’t think waiters should get tips, they should get paid a decent wage like in other countries. But seems like most waiters disagree and they prefer the tips. I imagine the same with bartenders too even more so lol

 

[DriveInDriѵeOut]

Tax the in tips too. It’s income. No tax on SS, I paid the tax up front already.

Tax on income shouldn't exist at all.
I'm not going to complain about cutting taxes on overtime or tips just because it doesn't go far enough. Take what I can get.