Idfk lol not like there's any actual laws around them anyway. I was just joking he's gonna get rid of overtime pay. Idl maybe make it illegal to do the whole gratuity fee for large parties.
With the way that America is celebrating its cruelty and selfishness combined with everything getting 25% more expensive thanks to tariffs people are probablly not gon a be tipping much longer anyway.
would be curious to know the stats on tips being paid on a card vs tips being paid in cash. I don't see or use a lot of cash anymore, especially since covid. though cash is pretty invisible, so collecting that data would be impossible.
when people get tipped out on credit card transactions, I would assume that is reported as income via the restaurant/bar/etc. if so, my from the hip shit is that a lot of tips are taxed.
it's definitely something my hospitality pals complain about, though none of them are chuddy lol and aren't expecting any fix there.
When I waited tables like 20 years ago, credit card tips were already around half of my tips. The places I worked, it was all tied into the computer, so when you cash out and it asks you how much you made in tips, the credit card tips were already filled in. I bet it's more like 95% cards now.
Totally anecdotal but gf is a server for breakfast/ lunch shifts at a local diner and it's about 50/50 for her still but it's also a population much more likely than average to actually have cash.
i thought you were trying to point to some aspect of that analysis, which makes it sound like it will have many knock on effects that will make not taxing overtime less positively impactful for workers than one would think.
He’s gonna abolish tax on tips
Firstbof all no he absolutely is not second of all most people don't pay taxes on their tips already.
He might abolish tax on tips if the law is written in a way that billionaires can "tip" each other
Or he'll just eliminate tips I'm pretty sure that's his plan to get rid of tax on overtime pay.
oh weird what does that mean eliminate tips?
Idfk lol not like there's any actual laws around them anyway. I was just joking he's gonna get rid of overtime pay. Idl maybe make it illegal to do the whole gratuity fee for large parties.
With the way that America is celebrating its cruelty and selfishness combined with everything getting 25% more expensive thanks to tariffs people are probablly not gon a be tipping much longer anyway.
would be curious to know the stats on tips being paid on a card vs tips being paid in cash. I don't see or use a lot of cash anymore, especially since covid. though cash is pretty invisible, so collecting that data would be impossible.
when people get tipped out on credit card transactions, I would assume that is reported as income via the restaurant/bar/etc. if so, my from the hip shit is that a lot of tips are taxed.
it's definitely something my hospitality pals complain about, though none of them are chuddy lol and aren't expecting any fix there.
When I waited tables like 20 years ago, credit card tips were already around half of my tips. The places I worked, it was all tied into the computer, so when you cash out and it asks you how much you made in tips, the credit card tips were already filled in. I bet it's more like 95% cards now.
Totally anecdotal but gf is a server for breakfast/ lunch shifts at a local diner and it's about 50/50 for her still but it's also a population much more likely than average to actually have cash.
He's going to abolish tax on overtime pay!
lmao
https://taxfoundation.org/blog/trump-overtime-tax-exemption/
what point are you trying to make?
That I didn't just make it up
i thought you were trying to point to some aspect of that analysis, which makes it sound like it will have many knock on effects that will make not taxing overtime less positively impactful for workers than one would think.
also, you believe him? cuz I don't.
No I just wanted to point out that I didn't make it up OR imagine it!
They're just going to offer people "management positions" with the same work and on a fixed salary.