Tips should NOT be taxed

[reason10]

Only the poor and lower middle class work for tips. Tell us again how the BIDEN CRIME FAMILY and a generation of new Democrat voters (also known as ILLEGAL ALIENS)  can go without paying taxes but a waitress at a diner has to almost hire an accounting firm to file a return.

[Aristides]

You mean like this guy?

https://abcnews.go.com/US/verdict-reached-trump-organizations-criminal-tax-fraud-trial/story?id=94508551

[robosmith]

1 hour ago, reason10 said:

Only the poor and lower middle class work for tips. Tell us again how the BIDEN CRIME FAMILY and a generation of new Democrat voters (also known as ILLEGAL ALIENS)  can go without paying taxes but a waitress at a diner has to almost hire an accounting firm to file a return.

Yes. Let's trade taxes on tips for taxes on WEALTH. ?

[reason10]

3 minutes ago, robosmith said:

Yes. Let's trade taxes on tips for taxes on WEALTH. ?

The achievers pay 90 percent of all taxes.

But you want to RAISE TAXES on the poor because the man paying for your WELFARE CHECKS AND FOOD STAMPS can afford to drive a Mercedes? You're such a pathetic loser.

 

 

[robosmith]

17 minutes ago, reason10 said:

The achievers pay 90 percent of all taxes.

Nope. "Achievers" like Bezos take a minimal salary and BORROW $MILLIONS with their stock as collateral.

They pay NO INCOME TAXES on the money they borrow and use like income.

17 minutes ago, reason10 said:

But you want to RAISE TAXES on the poor because the man paying for your WELFARE CHECKS AND FOOD STAMPS can afford to drive a Mercedes? You're such a pathetic loser.

 

 

You're a pathetic ^LIAR. I said TRADE taxes on tips. Duh.

[August1991]

8 hours ago, reason10 said:

Only the poor and lower middle class work for tips.

''''

In Quebec, the tax authorities make an estimate of tips.

But then, how are tips shared?

====

BTW, in Canada, any capital gain is taxed at 50% of earned income.

IMHO, Andrew Coyne is arguably wrong but on this point, he is correct.

[reason10]

16 hours ago, August1991 said:

In Quebec, the tax authorities make an estimate of tips.

But then, how are tips shared?

====

BTW, in Canada, any capital gain is taxed at 50% of earned income.

IMHO, Andrew Coyne is arguably wrong but on this point, he is correct.

DUMBEST QUESTION OF ALL TIME:

How can someone be WRONG, but CORRECT?

[August1991]

On 8/5/2023 at 11:14 AM, robosmith said:

Nope. "Achievers" like Bezos take a minimal salary and BORROW $MILLIONS with their stock as collateral.

They pay NO INCOME TAXES on the money they borrow and use like income.

You're a pathetic ^LIAR. I said TRADE taxes on tips. Duh.

Collateral? You mean leverage. To do this, you have to create something of value.

But I tend to agree that we should tax consumption rather than income.

The VAT also reduces fraud.

======

BTW, the US is the only developed country without a federal consumption tax. Guess why.

[August1991]

On 8/6/2023 at 10:12 AM, reason10 said:

DUMBEST QUESTION OF ALL TIME:

How can someone be WRONG, but CORRECT?

Tell me.

IMHO, tip sharing is a local issue of concern to the people involved - usually among workers in one place.

I think primarily of how the State collects taxes in a way that ensures people make wise decisions..

[Rebound]

On 8/5/2023 at 10:20 AM, reason10 said:

Only the poor and lower middle class work for tips. Tell us again how the BIDEN CRIME FAMILY and a generation of new Democrat voters (also known as ILLEGAL ALIENS)  can go without paying taxes but a waitress at a diner has to almost hire an accounting firm to file a return.

I can tell you!

It is because the Reagan Administration imposed policies to tax restaurant tips as well as unemployment benefits.  
 

Under Reagan Administration rules, all tips collected from credit card payments are taxed as income, while bills paid in cash are taxed by adding eight percent of total dining receipts to your gross pay, taxing that amount, and then deducting the 8 percent from the net. Some employees get a negative paycheck as a result. 

Edited August 10, 2023 by Rebound

[robosmith]

13 hours ago, August1991 said:

Collateral? You mean leverage.

No, Collateral.

13 hours ago, August1991 said:

 

To do this, you have to create something of value.

His stock is something he created and of value. Duh.

13 hours ago, August1991 said:

But I tend to agree that we should tax consumption rather than income.

^Not what I said. You are really bad at reading.

13 hours ago, August1991 said:

The VAT also reduces fraud.

How?

13 hours ago, August1991 said:

======

BTW, the US is the only developed country without a federal consumption tax. Guess why.

Tells us.

[reason10]

1 hour ago, Rebound said:

I can tell you!

It is because the Reagan Administration imposed policies to tax restaurant tips as well as unemployment benefits.  
 

Under Reagan Administration rules, all tips collected from credit card payments are taxed as income, while bills paid in cash are taxed by adding eight percent of total dining receipts to your gross pay, taxing that amount, and then deducting the 8 percent from the net. Some employees get a negative paycheck as a result. 

So since you (and a small group of uneducated Americans) HATE REAGAN, here's our one opportunity to reach across the aisle. Let's GET RID OF TIP TAXING.

You can do it by saying you HATE REAGAN. 

Now, just imagine your goose stepping DemoNazi politicians wanting to reach across the aisle and cut the working man a break.

[reason10]

On 8/5/2023 at 12:14 PM, robosmith said:

Nope. "Achievers" like Bezos take a minimal salary and BORROW $MILLIONS with their stock as collateral.

They pay NO INCOME TAXES on the money they borrow and use like income.

You're a pathetic ^LIAR. I said TRADE taxes on tips. Duh.

https://admin.rushlimbaugh.com/daily/2004/08/13/top_20_pay_80_of_taxes/#:~:text=The overwhelming majority of federal income taxes are,of all federal income taxes. The top 20%.

Here are the numbers. You’ll be stunned. The overwhelming majority of federal income taxes are paid by the very highest income earners. The top 1% of income earners pay about 32% of all income taxes. The top 5% pays 51.4%. The top 10% of high income earners, pay 63.5%. The top 20% of income earners pays 78% of all federal income taxes. The top 20%.

https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes

You have lost ANOTHER argument.

 

(Note to the educated posters here. The Blue State second grade dropout made a reference to rich people borrowing money and somehow avoiding paying taxes, but the idi0t doesn't splain how that is possible. It now makes me think he/she/it is a teenager who has a parent who sells life insurance and just listens in and tries to come up with anything to keep from losing arguments to me and other red staters.   

There is a provision that life insurance salespersons use to help retirees. It's about putting a large investment  account into a single premium life insurance policy. Any capital gains tax on interest accrued in such an account is deferred, meaning it is taxed only when taken out.

Policy holders are able to bypass that provision by borrowing from the lump sum face amount, since policy loans are tax free. Enough of the single premium is used to pay the life premiums so when the person dies he/she/it gets ALL the face amount death benefit. But at the same time, the client can receive a tax free income, kinda like illegal aliens who work for Democrats.)

Edited August 10, 2023 by reason10

[Rebound]

23 minutes ago, reason10 said:

https://admin.rushlimbaugh.com/daily/2004/08/13/top_20_pay_80_of_taxes/#:~:text=The overwhelming majority of federal income taxes are,of all federal income taxes. The top 20%.

Here are the numbers. You’ll be stunned. The overwhelming majority of federal income taxes are paid by the very highest income earners. The top 1% of income earners pay about 32% of all income taxes. The top 5% pays 51.4%. The top 10% of high income earners, pay 63.5%. The top 20% of income earners pays 78% of all federal income taxes. The top 20%.

https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes

You have lost ANOTHER argument.

 

(Note to the educated posters here. The Blue State second grade dropout made a reference to rich people borrowing money and somehow avoiding paying taxes, but the idi0t doesn't splain how that is possible. It now makes me think he/she/it is a teenager who has a parent who sells life insurance and just listens in and tries to come up with anything to keep from losing arguments to me and other red staters.   

There is a provision that life insurance salespersons use to help retirees. It's about putting a large investment  account into a single premium life insurance policy. Any capital gains tax on interest accrued in such an account is deferred, meaning it is taxed only when taken out.

Policy holders are able to bypass that provision by borrowing from the lump sum face amount, since policy loans are tax free. Enough of the single premium is used to pay the life premiums so when the person dies he/she/it gets ALL the face amount death benefit. But at the same time, the client can receive a tax free income, kinda like illegal aliens who work for Democrats.)

That’s because the wealthiest earn most of their money from unearned income, such as stock sales, stock options, rental income, property sales, and so forth. 
 

So ask yourself: Why did my conservative source lie like that?  

[reason10]

Just now, Rebound said:

That’s because the wealthiest earn most of their money from unearned income, such as stock sales, stock options, rental income, property sales, and so forth. 
 

So ask yourself: Why did my conservative source lie like that?  

Hey FUGGING IDI0T!!!

Ever heard of the CAPITAL GAINS TAX? All those items ARE TAXED, you dribbling more on.

Now I'm starting to think the third grade teachers who gave you all Fs were as stupid as you are.

[August1991]

On 8/10/2023 at 1:02 PM, reason10 said:

....
You have lost ANOTHER argument.

 

All things considered, societies are richer if they they think of the future.

When people think of the past, they are poor. 

[August1991]

But Reason10, you make a good point.

The US is the only civilised country without a federal consumption tax - a VAT.

(In Canada, we have the GST.)

=====

A federal sales tax is a solution to your problems.

It's fair. And hard to avoid.

[Rebound]

On 8/5/2023 at 10:20 AM, reason10 said:

Only the poor and lower middle class work for tips. Tell us again how the BIDEN CRIME FAMILY and a generation of new Democrat voters (also known as ILLEGAL ALIENS)  can go without paying taxes but a waitress at a diner has to almost hire an accounting firm to file a return.

Why are you asking us? Ask Ronald Reagan. It was during his administration that the IRS required restaurants to deduct taxes based on the server’s total tips.  His IRS also taxed unemployment insurance  benefits for the first time. 
 

Yeah, Reagan cut taxes, but he jacked them way up for the people on the bottom. 

Edited September 2, 2023 by Rebound

[reason10]

15 hours ago, August1991 said:

But Reason10, you make a good point.

The US is the only civilised country without a federal consumption tax - a VAT.

(In Canada, we have the GST.)

=====

A federal sales tax is a solution to your problems.

It's fair. And hard to avoid.

In fact, mainstream conservatives have been pushing for a VAT tax for a long time, so long as the income tax is abolished. Overturn the 16th Amendment. That way, government spending will be permanently indexed to the state of the economy.

The reason we DON'T have that is because Democrats cannot buy power from the rich by offering them tax breaks. That reason by itself would be the reason I would support the VAT tax.

It is the FAIREST tax of all. If you are rich and you buy a $150,000 Mercedes, you pay a ten percent tax of $15,000. Of you are a homeless stew bum buying a $4 bottle of hooch, you pay 40 cents. What could possibly be fairer than that?

[reason10]

15 hours ago, Rebound said:

Why are you asking us? Ask Ronald Reagan. It was during his administration that the IRS required restaurants to deduct taxes based on the server’s total tips.  His IRS also taxed unemployment insurance  benefits for the first time. 
 

Yeah, Reagan cut taxes, but he jacked them way up for the people on the bottom. 

Actually, the people on the bottom were OFF the tax rolls entirely. The top 10 percent wound up paying the vast majority of the national tax bill because the rate was too low for them to justify paying accountants to shelter the income. It was cheaper to pay the tax. That's why job creation and economic expansion EXPLODED under Reagan.

People paying tips on their taxes were STILL better off economically, with better jobs, lower cost of living and lower gasoline costs. I remember when Reagan signed a national gasoline tax. But NOBODY felt it because gasoline costs PLUMMETED, only because he decontrolled oil.

But TODAY, I'll gladly cut the tipped people a break. NO taxes on tips.

Forget about Reagan. In the 20th Century, his policies gave America the greatest economy.

It's the 21st Century. The problems are much greater with high spending Democrats and runaway inflation.

Edited September 2, 2023 by reason10

[reason10]

15 hours ago, August1991 said:

All things considered, societies are richer if they they think of the future.

When people think of the past, they are poor. 

I try to think of the future. Like maybe the idi0ts here might grow a brain. Doesn't make me feel any better, because they refuse to learn.

[herbie]

On 8/5/2023 at 8:54 AM, reason10 said:

But you want to RAISE TAXES on the poor

Raise taxes on the poor... any further proof needed this guy is bat shit insane?

[August1991]

On 9/2/2023 at 4:06 PM, herbie said:

Raise taxes on the poor... any further proof needed this guy is bat shit insane?

The US federal government must impose a consumption tax - a tax on people who buy.

The Democrats will impose this federal VAT, and they will not get elected for a decade or two.

[Rebound]

On 9/2/2023 at 2:10 PM, reason10 said:

Actually, the people on the bottom were OFF the tax rolls entirely. The top 10 percent wound up paying the vast majority of the national tax bill because the rate was too low for them to justify paying accountants to shelter the income. It was cheaper to pay the tax. That's why job creation and economic expansion EXPLODED under Reagan.

People paying tips on their taxes were STILL better off economically, with better jobs, lower cost of living and lower gasoline costs. I remember when Reagan signed a national gasoline tax. But NOBODY felt it because gasoline costs PLUMMETED, only because he decontrolled oil.

But TODAY, I'll gladly cut the tipped people a break. NO taxes on tips.

Forget about Reagan. In the 20th Century, his policies gave America the greatest economy.

It's the 21st Century. The problems are much greater with high spending Democrats and runaway inflation.

I remember when Reagan was President. 
There were TWO recessions during his Presidency. Economic and job growth was far better under Clinton, Obama and Biden. Right now, we have the longest continuous stretch of sub-4% unemployment in sixty years! 

Edited September 4, 2023 by Rebound

[August1991]

1 hour ago, Rebound said:

I remember when Reagan was President. 
There were TWO recessions during his Presidency. Economic and job growth was far better under Clinton, Obama and Biden. Right now, we have the longest continuous stretch of sub-4% unemployment in sixty years! 

The US Social Security and US Medicare are not sustainable. They are pay-as-you-go.

You Americans will have to impose a federal consumption tax - a federal VAT, a federal sales tax.

You are the only rich, civilised State without such a central sales tax.

====

I recommend Canada's GST:

-Food and rent are excluded.

-You have SNAP for refunds.

-The IRS can manage collection points. 

 

Edited September 4, 2023 by August1991