Big Beautiful Bill BullShit

[bsm2]

No tax on tips only if you make $25k a year, and you itemize your deductions – losing the standard $15k standard deduction.

In other words, YOU'VE BEEN CONNED.

[bsm2]

Surprise

This means you won’t see an immediate boost in your take-home pay — taxes will still come out of your paycheck — but when you file for 2025 early next year, the deduction could lower your tax bill or increase your refund.
The deductions are temporary and set to expire at the end of 2028 unless extended.

[bsm2]

Tipped workers can now deduct up to $25,000 of tipped income from their taxes. The amount someone can deduct phases out after the individual’s income exceeds $150,000 or $300,000 for a couple filing together.

The deduction only applies for federal income tax, so tipped workers will still owe payroll taxes like Social Security and Medicare taxes and state income taxes.

money servers #tippedworkers #taxes

Yep Screwed by Republicans

[BBM]

How about you take a stand and dont take your tax break .

[Mako]

image.png789

[bsm2]

Nissan has informed suppliers that it will postpone the start of production of two electric crossovers at its plant in Canton, Miss., by nearly a year.


More jobs losses

It will be more than a year

[bsm2]

image.png789

Republicans didn't cut Medicaid or SNAP in 2017
Apparently your not the brightest bulb in the box

[Mako]

Republicans didn't cut Medicaid or SNAP in 2017

If you say so but regardless the hyperbolic response from the left is always the same. That's what makes the political cartoon humorous. You guys a re a broken record claiming legislation is going to kill people. You've become a cartoon.

[bsm2]

If you say so but regardless the hyperbolic response from the left is always the same. That's what makes the political cartoon humorous. You guys a re a broken record claiming legislation is going to kill people. You've become a cartoon.

Yep pretty funny when Republicans kick people off healthcare and food assistance
Not like anyone needs it

Just so Billionaires get a tax break

[Mako]

Yep pretty funny when Republicans kick people off healthcare and food assistance
Not like anyone needs it

Just so Billionaires get a tax break

Why do you want people who don't or shouldn't qualify for such benefits getting them at taxpayer's expense?

PS: Billionaires are not the source of your problems. Don't be such a sucker.

[bsm2]

Why do you want people who don't or shouldn't qualify for such benefits getting them at taxpayer's expense?

PS: Billionaires are not the source of your problems. Don't be such a sucker.

Your Right Billionaires needed a massive tax break so glad that the priority for Republicans!!!.

Let's kick Grandma off SNAP and Medicaid and kids off food assistance

[nullskull]

Bsm reminds me of remy's you want people to die song

[nullskull]

Overview of the No Tax on Tips Legislation


The "No Tax on Tips Act" was recently enacted as part of President Trump's "One Big Beautiful Bill." This legislation aims to provide tax relief for tipped workers by allowing them to deduct a portion of their tip income from federal taxes. Key Features

Deduction Amount	Up to $25,000 in tips can be deducted from taxable income.
Eligibility	Applies to cash tips received in occupations traditionally receiving tips.
Income Phase-Out	The deduction phases out for individuals earning over $150,000 and joint filers over $300,000.
Payroll Taxes	Workers will still owe payroll taxes (7.65%) for Social Security and Medicare.
Effective Date	The law applies to the 2025 tax year and beyond.

Impact on Tipped Workers

• Approximately 4 million workers in the U.S. rely on tips as a significant part of their income.
• The law aims to help these workers retain more of their earnings, especially in industries like food service and cosmetics.
• However, it does not eliminate all taxes on tips, as state and local taxes still apply.

Considerations and Criticism

• The legislation may create disparities among workers in different industries, as not all workers will benefit equally.
• Critics argue that it could lead to tax avoidance and may distract from broader wage issues, such as raising the minimum wage for all workers.

This new tax provision is expected to provide financial relief to many, but its long-term implications on tax equity and worker compensation remain to be seen.

I'm sorry but what's the problem?

[nullskull]

Tipped workers can now deduct up to $25,000 of tipped income from their taxes. The amount someone can deduct phases out after the individual’s income exceeds $150,000 or $300,000 for a couple filing together.

The deduction only applies for federal income tax, so tipped workers will still owe payroll taxes like Social Security and Medicare taxes and state income taxes.

money servers #tippedworkers #taxes

Yep Screwed by Republicans

Would the feds even have the ability to make state taxes void for tips? Seems like it's up to the states now to also do their part.

[bsm2]

Overview of the No Tax on Tips Legislation


The "No Tax on Tips Act" was recently enacted as part of President Trump's "One Big Beautiful Bill." This legislation aims to provide tax relief for tipped workers by allowing them to deduct a portion of their tip income from federal taxes. Key Features

Deduction Amount	Up to $25,000 in tips can be deducted from taxable income.
Eligibility	Applies to cash tips received in occupations traditionally receiving tips.
Income Phase-Out	The deduction phases out for individuals earning over $150,000 and joint filers over $300,000.
Payroll Taxes	Workers will still owe payroll taxes (7.65%) for Social Security and Medicare.
Effective Date	The law applies to the 2025 tax year and beyond.

Impact on Tipped Workers

• Approximately 4 million workers in the U.S. rely on tips as a significant part of their income.
• The law aims to help these workers retain more of their earnings, especially in industries like food service and cosmetics.
• However, it does not eliminate all taxes on tips, as state and local taxes still apply.

Considerations and Criticism

• The legislation may create disparities among workers in different industries, as not all workers will benefit equally.
• Critics argue that it could lead to tax avoidance and may distract from broader wage issues, such as raising the minimum wage for all workers.

This new tax provision is expected to provide financial relief to many, but its long-term implications on tax equity and worker compensation remain to be seen.

I'm sorry but what's the problem?

Read post one again
You lose the standard deduction
Just admit you don't have a clue
Hilarious