Trump delivers

[sman]

I've sent a message to my CPA to ask if there is any way I can recategorize my commissions as tips.

 

[whatyouwantfinally]

??? What not taxing tips is dumb and bad???????

Yes. Let's randomly give a tax break to the workforce that already cheats the most on their taxes, screw everyone else! Because even though we acknowledge tips are totally income (they're still taxing tips, it's just a deduction for up to 25K) they're still kind of not income too in some weird way! = Dumb and bad.

I could make the same (dumb) argument that commissions aren't income, they're just gifts carriers give agents that have nothing to do with any service being performed for them.

 

[sman]

Yes. Let's randomly give a tax break to the workforce that already cheats the most on their taxes, screw everyone else! Because even though we acknowledge tips are totally income (they're still taxing tips, it's just a deduction for up to 25K) they're still kind of not income too in some weird way! = Dumb and bad.

I could make the same (dumb) argument that commissions aren't income, they're just gifts carriers give agents that have nothing to do with any service being performed for them.

How many people leave cash as tips these days? Most people pay their restaurant bill with a credit card and include the tip on the credit card. In those scenarios, the tip is reported and there's no way to cheat on that. no way to cheat in that scenario. But good on you for painting that industry as a bunch of tax cheats.

 

[vic120]

Yes. Let's randomly give a tax break to the workforce that already cheats the most on their taxes, screw everyone else! Because even though we acknowledge tips are totally income (they're still taxing tips, it's just a deduction for up to 25K) they're still kind of not income too in some weird way! = Dumb and bad.

I could make the same (dumb) argument that commissions aren't income, they're just gifts carriers give agents that have nothing to do with any service being performed for them.

Tips have traditionally been tax free it is what it was set up to be

I have worked tip jobs you not getting rich doing it

It serves well it keeps costs down for services which have gone way up in recent years because of these changes

and it fosters better service

that system is currently broken

I mean seriously, your going to compare waiter tips to insurance commissions?

You sound silly

 

[whatyouwantfinally]

How many people leave cash as tips these days? Most people pay their restaurant bill with a credit card and include the tip on the credit card. In those scenarios, the tip is reported and there's no way to cheat on that. no way to cheat in that scenario. But good on you for painting that industry as a bunch of tax cheats.

Lots of people, for the explicit reason they know they can avoid tax on it.

 

[whatyouwantfinally]

Tips have traditionally been tax free it is what it was set up to be

Not true. They've been traditionally taxed.

I have worked tip jobs you not getting rich doing it

I know multiple people who have cleared 6 figures in service jobs. Not rich, but most insurance agents aren't getting rich either.

It serves well it keeps costs down for services which have gone way up in recent years because of these changes

and it fosters better service

Costs have gone up and tip expectations have too. Service hasn't improved. Also, any incentive toward good service still exists when taxed.

that system is currently broken

I mean seriously, your going to compare waiter tips to insurance commissions?

You sound silly

The exact same argument that "tips aren't income" would apply to "commissions aren't income."

 

[sman]

Lots of people, for the explicit reason they know they can avoid tax on it.

I'd venture to guess a much larger portion include their tip on the credit card. Hell, in a cash rich environment like a strip club, about 60% of her tips were on a credit card. The majority of tips at a restaurant are in a credit card.

 

[whatyouwantfinally]

I'd venture to guess a much larger portion include their tip on the credit card. Hell, in a cash rich environment like a strip club, about 60% of her tips were on a credit card. The majority of tips at a restaurant are in a credit card.

Say it's even 90% (it isn't). How many servers do you think report that other 10%?

 

[vic120]

Not true. They've been traditionally taxed.

I know multiple people who have cleared 6 figures in service jobs. Not rich, but most insurance agents aren't getting rich either.

Costs have gone up and tip expectations have too. Service hasn't improved. Also, any incentive toward good service still exists when taxed.

The exact same argument that "tips aren't income" would apply to "commissions aren't income."

Dude, Did a waitress spit in your food or reject you or something????

 

[whatyouwantfinally]

Dude, Did a waitress spit in your food or reject you or something????

Are you supporting yourself waiting tables at Big Boy, or can people have opinions that aren't based on their personal lives?