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IbogaProject

(6,066 posts)

18. I really hate these short term tax gimmicks

Reply to AverageOldGuy (Reply #9)

Fri Sep 5, 2025, 09:29 AM

Sep 2025

They did this with the estate tax and it was zero estate tax in 2010, which meant no limit on certain estate tax limit forward tax deductions. The recent GOP budgets have eliminated or reduced many tax dodges still active for the wealthy who got in before but are now eliminated.

These short term tax break gimmicks are an anemetha.

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Workers in 68 jobs may soon be exempt from paying taxes on tips, Treasury says [View all] BumRushDaShow Sep 2025 OP

More hacking at the foundations of civilization bucolic_frolic Sep 2025 #1

My house is markodochartaigh Sep 2025 #4

Maybe this moves the tip economy from cash to digital payments? bucolic_frolic Sep 2025 #5

I think the move towards a digital economy is the biggest reason for this move actually. Ol Janx Spirit Sep 2025 #19

I think this is how they won Nevada. Haggard Celine Sep 2025 #2

Paying less into Social Security... LakeVermilion Sep 2025 #3

I doubt that the people who got currency as the tip ever declared it anyway. LiberalArkie Sep 2025 #13

However, tips that are collected by management (credit cards) and added to pay checks... LakeVermilion Sep 2025 #23

No Tax on Tips: Law only applies to cash tips stuffmatters Sep 2025 #6

I'm linking two documents that address new rules on Tip Income - the IRS Fact Sheet and a Kiplinger Article 24601 Sep 2025 #10

Its not talked about because its not a limitation that you are thinking. DetroitLegalBeagle Sep 2025 #11

This will hurt in the end Puppyjive Sep 2025 #7

Social security and medicare tax is still paid DetroitLegalBeagle Sep 2025 #12

Keep it simple. Yeah right. twodogsbarking Sep 2025 #8

This benefit expires at the end of 2028 AverageOldGuy Sep 2025 #9

I really hate these short term tax gimmicks IbogaProject Sep 2025 #18

Wait-staffers who work for tips, because they're paid less than the minimum wage FakeNoose Sep 2025 #14

I won't put tips on credit cards or in apple terminals mdbl Sep 2025 #15

But raising the minumum wage will crash the economy. Just work until you die. twodogsbarking Sep 2025 #16

I'm guessing that most don't earn enough to even be taxed at all. But this is the land of the free. twodogsbarking Sep 2025 #17

Around a third of those eligible don't make enough, and some other fairly good percentage... Ol Janx Spirit Sep 2025 #21

Bank suditors, food inspectors, athletic coaches, college admissions staff... bluedigger Sep 2025 #20

Wonder if this list will include Supreme Court Justices republianmushroom Sep 2025 #22