Economy "No taxes on Social Security, Overtime and tips" just passed

[Darkavius]

I'm surprised this was not brought up but some of the people who I see liking this are the same people who complain about the tipping culture in America. Tipping should be done away with entirely. It should not be the customer's responsibility to determine if the employee deserves a living wage or not. The business owner opened the business and likely hired the employee. It should be the business owner's responsibility to pay said employee a wage to live on.

 

[calavera2]

Deficit don at it again...and the retards clap excitedly

 

[Natural Order]

No taxes on tips should only apply to people making a certain threshold of gross income.

Can certainly be abused if such a factor isn’t in place.

 

[badascan]

I work around 25+/- hours of overtime a week, so I'm movin on up! Never less than 16 hours of ot, sometimes over 40!

 

[MacGregor]

You fucking morons only read headlines.

You must be referring to the '21 DOGE staff resign in protest' line the fake news sold their easily manipulated audience.

 

[Crazy Source]

Who’s the one republican that voted nay? Has some balls to go against his entire crew.

Massie, and he only voted no because the bill wasn't draconian enough.

 

[chardog]

What's that moron?

71 percent of Trump voters oppose Medicaid cuts: Poll

this is dumb at best, it all comes down to the narrative that's pushed.

leftwing rag poll "families over billionaires"

nobody going to give a shit if it's fraud that is caught and cut.

 

[oldshadow]

I'll take a wait and see on how this affects me and the middle class. It sounds good but we will see.

 

[MacGregor]

 

[Rational Poster]

No taxes on tips should only apply to people making a certain threshold of gross income.

Can certainly be abused if such a factor isn’t in place.

Salaried people will abuse the living fuck out of no tax on overtime.

Suddenly everyone will be working 80 hours and get 3/4 of their income tax free.

 

[Rational Poster]

This is dishonest bullshit only people that don't understand how government works will buy into. (So almost everyone)

There's not going to be mention of Medicare cuts, or any specific cuts, in a budget proposal.

The specifics as to how the budget request is allocated will be drafted into law after budget committee hearings.

 

[brothir]

Well that's nice. It'll get abused by the rich as always but at least there's some benefit across all levels with this

Don't overhype that effect. Realistically, Republicans will always want the maximum tax cut for the rich that they can get, so anything else that seems to benefit people who aren't that are rhetorical devices. The best you could hope for is that they've realized their mistake with the 2017 tax cut, which could be argued to have lost them the 2020 election, and so they're being more careful this time around to avoid that.

 

[brothir]

You fucking morons only read headlines.

It wouldn't matter. They'd never be honest about the contents, or more importantly the real effects this would or will have. It's all about rhetoric.

 

[Sinister]

Salaried people will abuse the living fuck out of no tax on overtime.

Suddenly everyone will be working 80 hours and get 3/4 of their income tax free.

The main thing about that clause is it says "overtime and bonuses"...this was to get working class seals to bark and clap. No tax on muh overtime!!

Yeah, so how does that overtime at the Amazon warehouse compare to executive bonuses that wont be taxed?

 

[brothir]

I'll take a wait and see on how this affects me and the middle class. It sounds good but we will see.

Actually sensible perspective from someone who leans right, which is refreshing.

 

[brothir]

How about taxing transsexuals extra? Is that in there? The People must know.

 

[Rational Poster]

The main thing about that clause is it says "overtime and bonuses"...this was to get working class seals to bark and clap. No tax on muh overtime!!

Yeah, so how does that overtime at the Amazon warehouse compare to executive bonuses that wont be taxed?

I'm sure someone in one of the two houses have figured out that a no limit elimination of taxes on overtime would be a massive exploitable tax loophole for salaried workers, right?

 

[Sinister]

I'm sure someone in one of the two houses have figured out that a no limit elimination of taxes on overtime would be a massive exploitable tax loophole for salaried workers, right?

Yeah for sure, just noting that I think executive bonuses were their real intended target. They only marginally give a sh*t about someone doing 80hrs in a warehouse as opposed to an executive

 

[jimjamjammer]

I'm sure someone in one of the two houses have figured out that a no limit elimination of taxes on overtime would be a massive exploitable tax loophole for salaried workers, right?

How? In most companies OT has to be approved. Also, lots of salaried employees don't get OT, rather lieu time instead.

 

[Rational Poster]

How? In most companies OT has to be approved. Also, lots of salaried employees don't get OT, rather lieu time instead.

Some companies offer overtime incentives to salaried workers already and it's becoming more and more common. If a rule like this exists everyone on salary will get 80 hour contracts so the majority of their income will be considered overtime and they can receive it tax free and it won't actually cost employers anything extra.

Overtime only has to be approved for hourly workers, and it's at the discretion of the employer not the government.

This isn't even getting into the mess of self employed salaried people who already make up everything about their compensation and work hours.