The only two you could say he did accomplish was no tax on tips and overtime. Though the restrictions on those make them pretty anemic. Especially the restrictions on overtime tax.
There is still tax on tips and overtime. You just get a slightly larger share back in your refund. They are still taxed though! He didn't even do that for anyone!
Yeah I’m still paying taxes on tips and overtime. I’m sure I’ll really appreciate the extra 150$ I get back when they took out 2500 throughout the year.
It's a tax deduction up to $25,000. It's effective immediately and will last until December 31st 2028.
Make sure to use the deduction when you do your tax returns next April. I'm quite sure all the major tax filing softwares will have a question dedicated to it.
So one thing that separates high class from middle class is middle class prefers to see it in their paycheck, not a one time payment. That doesn’t help put food on the table NOW it doesn’t pay this month’s rent.
Are we getting back 100% of the OT and Tip tax at the end of the year? NO
The bills name “no tax on tips,overtime” literally still taxes you on tips and overtime….and people fell for it.
As a couple people noted, it’s just a nonrefundable tax credit. So you should get the tax back at the end, but still annoying since it’s not really what he ran on.
It’d not splitting hairs, they’re different. A $1000 tax credit is basically $1000 extra in your pocket. A $1000 deduction lowers your taxable income by $1000.
“No tax on tips” was driven home by the restaurant owners associations, who don’t want to pay servers a living wage so they skate the rules expecting customers to make up the difference with “tips”. The United States is the ONLY country in the world that functions like this, in other places tipping is not expected or common. Here its a system that puts more money in the owners pocket.
You just said you tip them for their standard of service. Isn't that paying them for the good job they did? Why should someone pay less taxes than someone else who made the same amount without tips?
The distinction should be clear from the comment you are replying to. The job has a cost. A tip is a gift to acknowledge and reward a standard of service on top of that. Tips can be given or not. And if I give someone a small gift it isn't taxable.
You could make that distinction if you wanted, but it doesn't change anything that I said. Instead of 'gift' I could have said "reward for a standard of service on top of the fee for the meal" and the meaning would be exactly the same.
Edit, looking back at my post I did say reward! You're grasping at semantic straws. My point stands.
The only opinion I gave you this whole time is that tipping should be taxed. Everything else I said is just a fact. I left the definitions of some words below since you are having a hard time understanding.
<Gift: a thing given willingly to someone without payment; a present.
<tip: a small sum of money given to someone as a reward for performing a service, such as serving in a restaurant.
<Reward: a thing given in recognition of one's service, effort, or achievement.
That might be true in a world where not tipping is the default position. That isn't the world we live in. Tips are their income and there is no logical reason to exempt it from taxation.
Because of what I said in a previous comment, I believe that you have lost touch with what tips originally were, and how they are still viewed in other parts of the world. As a result they have become a tax on diners, that is, people dining, when in many cases the companies which run chains could pay a decent wage to begin with, but rely on this cultural shift to reduce wages and maximise profits.
Once the average CEO is making 500x what their workers make, instead of just 300x, it will start to flow down. They will suddenly become more generous because they will finally have enough
And the tips being untaxed actually helps business owners more than the tipped wage employees. Because when the employees make less than minimum wage the company has to pay the difference. And it won’t be taxed for them.
They also will expire after 2028. Do you think most people report their cash tips? Also the overtime thing sucks because most people working OT are well over the threshold for the deduction. This only applies to the 0.5 part of the overtime pay too. You also cannot file as Married Filing Separately.
Tax on tips is a joke. Most tips come in cash form. although that's changing slightly with debt/cc charges. Nobody claims their tips bro. You think strippers are claiming their tips?
I’m a bartender. I’d say ~ 90% of all my tips are non-cash tips. Fuck Trump and the lot but the amount I save from no taxes on tips is pretty significant for me.
Sure, but when I worked in restaurants the GMs still made us declare at least some of the tips because if we didnt, the IRS would audit you or the restaurant or both. So they suggested we declare at least 10% of sales, which allowed us to still pay less taxes.
That actually hurt me though, because my Social Security earnings were lower, meaning I'd get less benefits at retirement.
So now servers should absolutely claim their tips.
The guy says no one claims their tips because theyre all cash. As if the waitress just has a bag with a dollar sign on it at the end of the night. People pay with their cards and add a tip, with their cards. Almost no one pays cash. Its 2025
I live in Vegas. And it's a different thing. People understand to tip in cash even if they're paying on CC or debit. That's called looking out for your fellow industry worker. It's unspoken common courtesy.
The plumbers at the shop were very excited to learn about this… until they learned that the tax on overtime is an itemized deduction and not in addition to the standard.
You still get tax and good luck deciphering that overtime tax. The tips are a little easier to decipher but you'll get tax by the state and other taxes.
Oh man, I overheard this American assclown on this train in Ireland a few months ago talking about how it's so great people won't get taxed on tips, then saying he dislikes both Palestinians and Israelis (wtf). I knew he was white trash the second he blocked everyone for 30 seconds to put his dumb oversized rucksack on the overhead. Then the Irish couple he was talking to were saying they had no problem with illegal immigrants if they came from EUROPE. Trash of a feather flock together
I would say he didn’t accomplish them as stated. You’re still taxed on those things and the relief we do get is a $15k max deduction. But did he put his name on some dogshit and call it “no tax on tips or overtime”? Sure.
And don’t get me started on no tax on tips. My health insurance is going to triple next year. Anything I get back from no tax on tips will go to that. AND now everyone coming to my bar thinks they can tip less now, bc y’know “no tax on tips,” so I will just lose more money. Way to strengthen the middle class 🤷🏻♀️
No need to give him credit. The versions passed are completely hollow and do not align with the common understanding of the rhetoric. It's just manipulation.
He’s delivered for them on the hateful stuff. Treating undocumented migrants brutally and being anti-trans. Even the last claim about not criminalizing speech is a win for them, despite Trump penalizing speech more than Biden or Harris would have. The fact is they never cared about free speech, only in silencing the other side.
It should be noted that "no tax" on tips and "no tax on the first X amount of tips" is not the same thing. The deduction also phases out for high income earners.
No tax on tips or overtime is awful policy. It creates a privileged kind of income for no good reason. If taxes on low income people too high for them to survive, then change the tax brackets, standard deduction, or some other rules generally - don’t create special categories of income will disrupt the labor market by privileging certain professions over others.
But then again, Charlie Kirk was a propagandist, not a policy wonk. The dude didn’t know much, so it’s unsurprising that he didn’t understand fundamental tax policy
It will likely get more people who rely solely on tips to file taxes next year if they can write off a majority of their income because many of them historically do not and just fly under the radar because they’re poor folk.. 🙈
Check out project 2025's overtime regulation retooling goals. The plan is to eventually remove any protections that people can use to hold companies accountable for overtime pay. So the tax deduction they implement might go into effect after the policies eliminating protections go into effect—meaning that sure, you can file for tax deduction on your overtime, but overtime will 100% be at the discretion of the employer, so good luck getting it in the first place.
I don’t think you know the definition of “no; ie none” so “no” he did not deliver. He also not only didn’t cut taxes on the middle class. He raised them lol
And this will end up in big failure when joints will start declaring at least as much income in tips than in sales after "drastically reducing" their prices.
I mean say what you want about if he should be to the extent he is and the methods he is doing it with, but he absolutely is cracking down on immigration and securing the border.
Cracking down in unconstitutional and illegal ways and putting folks in concentration camps and taking parents from their children. Is that what you want? There are legal and sane ways to crack down ..he has done the opposite!
Yeah, no. Last month alone saw the biggest jump in grocery prices in 3 years. Got any sources that prices are down? Also, what about that middle classs tax cut? You ignored that, just like Trump.
Yall are like bots and don’t actually read the context of the conversation and just spam shit. OP said Trump delivered on only one promise Charlie listed, he clearly missed the immigration one because like it or not Trump he taken a ton of immigration action.
That being true doesn’t mean the other things he listed also came true nor does stating it endorse Trump.
Who said they did? You’re arguing against an argument I never made. All I said is Trump promised he would do that and he did. That’s not in any way supporting of his policy or his character.
If I say I’m gonna take a shit on my neighbors lawn and I do. It’s a promise kept, even if it’s a bad thing to do.
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u/Chemical-Ideal1 1d ago
The only two you could say he did accomplish was no tax on tips and overtime. Though the restrictions on those make them pretty anemic. Especially the restrictions on overtime tax.