$600 plan is dead, but.....

[LuFins Dad]

@mik said in $600 plan is dead, but.....:

..they have a backup plan which is every bit as intrusive.

https://abcnews.go.com/Politics/biden-admin-backs-tracking-bank-accounts-600-annual/story?id=80665505

$10K annual transactions is even more intrusive. Notice they don’t say receipts, bye…

[LuFins Dad]

I still say the answer is a National Sales Tax…

[Jolly]

Or a flat tax.

[jon-nyc]

That’s just as intrusive. Even a minimum wage employee is going to have 10k of transactions a year.

[LuFins Dad]

@jon-nyc said in $600 plan is dead, but.....:

That’s just as intrusive. Even a minimum wage employee is going to have 10k of transactions a year.

Ayup.

[LuFins Dad]

@lufins-dad said in $600 plan is dead, but.....:

@jon-nyc said in $600 plan is dead, but.....:

That’s just as intrusive. Even a minimum wage employee is going to have 10k of transactions a year.

Ayup. All of those waitresses living off of tips should pay very close attention to this.

[Aqua Letifer]

@lufins-dad said in $600 plan is dead, but.....:

@lufins-dad said in $600 plan is dead, but.....:

@jon-nyc said in $600 plan is dead, but.....:

That’s just as intrusive. Even a minimum wage employee is going to have 10k of transactions a year.

Ayup. All of those waitresses living off of tips should pay very close attention to this.

That's not how it's calculated. The tips are paid to the restaurant, who in turn pays out the waitresses with one transaction at the end of the night.

In cities, almost no one pays in cash anymore, and so tips are automatically taxed anyway.

[Copper]

I already paid income tax on my savings.

If a national sales tax was implemented, that money would all be taxed again.

Seniors would really be hurt by the double tax

[LuFins Dad]

@aqua-letifer said in $600 plan is dead, but.....:

@lufins-dad said in $600 plan is dead, but.....:

@lufins-dad said in $600 plan is dead, but.....:

@jon-nyc said in $600 plan is dead, but.....:

That’s just as intrusive. Even a minimum wage employee is going to have 10k of transactions a year.

Ayup. All of those waitresses living off of tips should pay very close attention to this.

That's not how it's calculated. The tips are paid to the restaurant, who in turn pays out the waitresses with one transaction at the end of the night.

In cities, almost no one pays in cash anymore, and so tips are automatically taxed anyway.

So my cash tips are better appreciated! Good to know!

[Aqua Letifer]

@lufins-dad said in $600 plan is dead, but.....:

So my cash tips are better appreciated! Good to know!

Cash tips are FAR better.

[Jolly]

@aqua-letifer said in $600 plan is dead, but.....:

@lufins-dad said in $600 plan is dead, but.....:

@lufins-dad said in $600 plan is dead, but.....:

@jon-nyc said in $600 plan is dead, but.....:

That’s just as intrusive. Even a minimum wage employee is going to have 10k of transactions a year.

Ayup. All of those waitresses living off of tips should pay very close attention to this.

That's not how it's calculated. The tips are paid to the restaurant, who in turn pays out the waitresses with one transaction at the end of the night.

In cities, almost no one pays in cash anymore, and so tips are automatically taxed anyway.

I still tip in cash. To the server.

[Aqua Letifer]

@jolly said in $600 plan is dead, but.....:

@aqua-letifer said in $600 plan is dead, but.....:

@lufins-dad said in $600 plan is dead, but.....:

@lufins-dad said in $600 plan is dead, but.....:

@jon-nyc said in $600 plan is dead, but.....:

That’s just as intrusive. Even a minimum wage employee is going to have 10k of transactions a year.

Ayup. All of those waitresses living off of tips should pay very close attention to this.

That's not how it's calculated. The tips are paid to the restaurant, who in turn pays out the waitresses with one transaction at the end of the night.

In cities, almost no one pays in cash anymore, and so tips are automatically taxed anyway.

I still tip in cash. To the server.

Same. Karma.

[George K]

@jolly said in $600 plan is dead, but.....:

I still tip in cash. To the server.

I try to. However, what happens to the kitchen staff, the busboys bus-staff, the maitre'd?

[Aqua Letifer]

@george-k said in $600 plan is dead, but.....:

@jolly said in $600 plan is dead, but.....:

I still tip in cash. To the server.

I try to. However, what happens to the kitchen staff, the busboys bus-staff, the maitre'd?

Depends on the place. Kitchen staff almost always gets bupkis. Busboys get paid out by servers at the end of the night, or the restaurant pulls it from the waiters' tips.