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IbogaProject

(5,651 posts)

5. There has been inputed tips for years

Reply to marble falls (Reply #1)

Fri May 16, 2025, 09:31 PM

May 2025

The IRS requires resturants to calculate hypothetical tips from cash paid on checks based in what is paid as tips on credit payments at same resturant truly insane as it is based on an estimate. That came about during Daddy Bush's term.

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Highlight:

'No Tax on Tips' Proposal Meets Limits of Reality [View all] Dem4life1970 May 2025 OP

Been so much undeclared income by tipped employees. They screw themselve at SS time. marble falls May 2025 #1

There has been inputed tips for years IbogaProject May 2025 #5

What do you do to live if you have a job where your tips are so important to day to day living kkmarie May 2025 #8

Then they would be taxed on the minimum waiter/waitress wage only. Norrrm May 2025 #2

Billionaires get no tips RainCaster May 2025 #3

So many maga types can't distinguish between income tax and FICA Walleye May 2025 #4

If tips aren't taxed, will people just tip less? newdeal2 May 2025 #6

Not me PJMcK May 2025 #7

Social Security Retirement Checks Puppyjive May 2025 #9

After an alert, locking post. Emile May 2025 #10