Cruz files bill...
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I fail to get too worked up over this. I don't think people who make tips are in much of a tax bracket to begin with. I would put student loan forgiveness in a much more severe category of vote-buying. I don't mind encouraging tip workers to do what they do. I do mind encouraging people to go get their often useless higher educations with the hopes it'll get paid for by everybody else.
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Why introduce the bill now? It's a vote grab and one Trump could run on if Cruz doesn't watch it get shot-down early? It also will create chaos, imagine how many businesses will shift to a tips-only model? It also makes no sense... income is income.
And yes, @Doctor-Phibes your analysis is right. Someone else always pays for it.
@89th said in Cruz files bill...:
… imagine how many businesses will shift to a tips-only model? It also makes no sense ...
https://nodebb.the-new-coffee-room.club/post/283193 , in which ol’ Ax wrote:
The service sector: "Let's relabel all income as 'tips'!"
The billions of stock options and performance bonuses for CEOs? Those are just tips for good service.
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Bonuses are paid out to people who do a good job, just like tips. They're on top of the salary, so they're taxed up the ass. I want my money back now, Ted, rather it being used to pay your family vacations during hurricane season.
I was only joking
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Why introduce the bill now? It's a vote grab and one Trump could run on if Cruz doesn't watch it get shot-down early? It also will create chaos, imagine how many businesses will shift to a tips-only model? It also makes no sense... income is income.
And yes, @Doctor-Phibes your analysis is right. Someone else always pays for it.
@89th said in Cruz files bill...:
imagine how many businesses will shift to a tips-only model?
I don't think there is such a thing as a tips-only model, unless the tip is mandatory to procure a product or service, which makes it not a tip, at least as defined by this law, presumably.
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Bonuses are paid out to people who do a good job, just like tips. They're on top of the salary, so they're taxed up the ass. I want my money back now, Ted, rather it being used to pay your family vacations during hurricane season.
@Doctor-Phibes said in Cruz files bill...:
Bonuses are paid out to people who do a good job, just like tips.
Okay, Rockefeller.
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All these considerations can be addressed in any legislation. The details are beside the point, which is that buying votes with taxpayer money is becoming the norm. Very bad.
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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Want to buy some votes? Stop taxing Social Security…
The Brad
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And increase FICA by .25%
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All these considerations can be addressed in any legislation. The details are beside the point, which is that buying votes with taxpayer money is becoming the norm. Very bad.
@Mik said in Cruz files bill...:
The details are beside the point, which is that buying votes with taxpayer money is becoming the norm.
Historically, they have pandered more to campaign donors. Now they've broadened this to include normal people. Where will it end?
I was only joking
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Want to buy some votes? Stop taxing Social Security…
@LuFins-Dad said in Cruz files bill...:
Want to buy some votes? Stop taxing Social Security…
I could get behind that.
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@LuFins-Dad said in Cruz files bill...:
Want to buy some votes? Stop taxing Social Security…
I could get behind that.
@Mik said in Cruz files bill...:
@LuFins-Dad said in Cruz files bill...:
Want to buy some votes? Stop taxing Social Security…
I could get behind that.
Don't tell me, Mexico will pay.
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Y'all realize we're mostly talking about people who pay little tax?
And the silliness about corporate bonuses being labeled as tips is SAF.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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Y'all realize we're mostly talking about people who pay little tax?
And the silliness about corporate bonuses being labeled as tips is SAF.
@Jolly said in Cruz files bill...:
Y'all realize we're mostly talking about people who pay little tax?
And the silliness about corporate bonuses being labeled as tips is SAF.
Yeah, these type of things never create loopholes that get abused!
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@Mik said in Cruz files bill...:
The details are beside the point, which is that buying votes with taxpayer money is becoming the norm.
Historically, they have pandered more to campaign donors. Now they've broadened this to include normal people. Where will it end?
@Doctor-Phibes said in Cruz files bill...:
@Mik said in Cruz files bill...:
The details are beside the point, which is that buying votes with taxpayer money is becoming the norm.
Historically, they have pandered more to campaign donors. Now they've broadened this to include normal people. Where will it end?
It won't as long as it's successful. It's very smart on his part. Now if he'd go for the no taxing Social Security regardless. Our RMD means 85% of our SS will be taxable. Tax on our taxes.
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Y'all realize we're mostly talking about people who pay little tax?
And the silliness about corporate bonuses being labeled as tips is SAF.
@Jolly said in Cruz files bill...:
Y'all realize we're mostly talking about people who pay little tax?
So, it's a meaningless policy?
And the silliness about corporate bonuses being labeled as tips is SAF.
I didn't say it was a tip, I said I got it for doing a good job, which is why Ted said he didn't want it taxed.
Of course, the only tip Ted Cruz has ever had was a funny orange colour.
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Not completely meaningless. I admire people who work, sometimes for little money.
Every little bit extra take-home helps...
