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Ms. Toad

(38,716 posts)

4. I'd hardly say that the people who are eligible for this particular deduction are rich.

Reply to FoxNewsSucks (Reply #2)

Thu Apr 16, 2026, 03:52 PM

Thursday

It starts phasing out at $75,000 (for a single individual).

So yes, this particular deduction applies to regular working Americans - and (because of the phase out) wouldn't even be available to anyone falling into the category of rich.

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Ohh That's Rich - no tax on tips scam [View all] Figarosmom Thursday OP

This message was self-deleted by its author PeaceWave Thursday #1

Did anyone really think it would apply to FoxNewsSucks Thursday #2

I'd hardly say that the people who are eligible for this particular deduction are rich. Ms. Toad Thursday #4

This message was self-deleted by its author PeaceWave Thursday #5

Thanks for the correction! Ms. Toad Thursday #8

Apples and oranges. Ms. Toad Thursday #3

I don't think its a dollar per dollar deduction of $25k. Solomon Thursday #6

It's a full deduction of the tip income up to 25,000. Ms. Toad Thursday #9

My son makes quite a bit of money in tips PCB66 Thursday #7

+ how much did the 0.5% percent like dim donnie get? pansypoo53219 Thursday #10