Someone just tried to assassinate Trump
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OverlanderJK
Resident Smartass
I don’t really understand this point as a whole. Why should tips not be taxed? It’s earned income. If tips shouldn’t be taxed then my whole paycheck is a tip from my employer for showing up everyday.
NPC 6060⁸42
Hooked
Well there’s a few ways to look at this but there is a difference between a salary and a gift. If you look at a tip as a gift since it’s voluntary then it makes sense. Personally I think ALL taxes need to be eliminated on individual income but that seems to be off the table at the moment.
Now whether I agree on the whole custom of tipping or not is a different discussion as well. But the larger point of the poast above is Kamala Harris’s disingenuous bullshit. She literally provided the deciding vote to hire 85 thousand new IRS agents to go after middle class taxpayers.
Now whether I agree on the whole custom of tipping or not is a different discussion as well. But the larger point of the poast above is Kamala Harris’s disingenuous bullshit. She literally provided the deciding vote to hire 85 thousand new IRS agents to go after middle class taxpayers.
NPC 6060⁸42
Hooked
Kamala Harris “You will be undefeated even if you don’t win every game”
Kamala Harris to high school football team “You will be undefeated even if you don’t win every game” Aug 18, 2024
rumble.com
OverlanderJK
Resident Smartass
Yeah I get the point of the post. I was stating it because both her and trump are saying it.
As for gift, if my parents give me a gift of $5000 to buy a house I have to report that. How is that different?
AZVAJKU
Hooked
Agreed! All tax is theft.
However we need to start somewhere. Tips and Social security are a great start. Then gifts, next inheritance. The enemy of good is perfect. There is a reason why we are losing.
OverlanderJK
Resident Smartass
Social security is a start cause your old ass is about to collect. Lol
kevman65
Hooked
My State doesn't tax S.S., BUT, since I will have a pension that is considered income and I will be taxed on that.
Where the kicker comes in, when I start S.S. and will have my pension, I WILL be taxed on some of my S.S. because of where the pension puts me.
I understand in the whole process why, but it doesn't make me happy.
NPC 6060⁸42
Hooked
Unless they changed this recently gifts are not reportable up to 12 or 15 thousand per year I don’t remember the exact number. Edit doing a little Google fu I found it’s 18 thousand dollars for individuals or 36 k for husband and wife.
Gift Tax: How It Works, 2024 Exclusion Amounts - NerdWallet
For those considering gifting money or property to another person, gift tax can come into play. Thankfully, two factors — the annual gift tax exclusion and the lifetime exclusion — often help keep the IRS out of most people's hair. See 2024 exclusion amounts and rates.
OverlanderJK
Resident Smartass
I guess yeah not reported to the IRS but has to be justified on a bank statement which you can’t tell me isn’t reported.Unless they changed this recently gifts are not reportable up to 12 or 15 thousand per year I don’t remember the exact number. Edit doing a little Google fu I found it’s 18 thousand dollars for individuals or 36 k for husband and wife.
Gift Tax: How It Works, 2024 Exclusion Amounts - NerdWallet
For those considering gifting money or property to another person, gift tax can come into play. Thankfully, two factors — the annual gift tax exclusion and the lifetime exclusion — often help keep the IRS out of most people's hair. See 2024 exclusion amounts and rates.www.nerdwallet.com
Also, don’t you have to report if casino earnings are over $9,999? That comes out to be $5 an hour in tips on 40 hours a week.
NPC 6060⁸42
Hooked
Inheritance taxes are especially insulting. Folks spend their whole lives being taxed on every penny they make if they manage to build a decent nest egg to leave their heirs they are taxed again.
NPC 6060⁸42
Hooked
Sorry that doesn’t make sense. When I put cash into my bank account the teller doesn’t ask me where it came from. It may or may not be reported probably is to combat the so called war on (some) drugs. But the point of the poast was taxes and gifts.
OverlanderJK
Resident Smartass
I said to buy a house. Not justified to the bank teller.
NPC 6060⁸42
Hooked
Again the bank wants to know where the down payment came from simply because they want to see an ability to repay a mortgage.
DirtHeadDavis
Hooked
Seriously? Lol, thank god I’m not on any other forums.
AZVAJKU
Hooked
Inheritance taxes are specifically meant to destroy generational wealth. They are criminal and a large reason Family Farms are lost.
AZVAJKU
Hooked
Amounts of $10,000 or more are reported to the IRS. It’s related to an old ‘anti crime’ and drug law which is abused often. Lots of people have gotten screwed by it who were not committing crimes.
AZVAJKU
Hooked
I’m hoping to get some of what I paid in back before the Fed-Gov gives it all away to illegals.
It’s a huge scam, the so called ‘Locked Box’ with ‘your’ money in it does not exist. SS funds were moved into the general fund years ago- thank you democrats. Anyone who believes the money you paid in is ‘yours’ is sadly mistaken. It’s a giant Ponzie scheme that needs to be phased out.
Whenever conservatives talk about reforming SS the Lib-Tards loose their minds and spout the old “If there is no SS nobody will have any money for retirement’ which might or might not be true for some idiots however like the woman said:
"Freedom (n.): To ask nothing. To expect nothing. To depend on nothing."
--Ayn Rand
OverlanderJK
Resident Smartass
No kidding. Was just having this conversation with my dad last week. Just need to abolish SS all together. I could make way more on that investment over the long haul.I’m hoping to get some of what I paid in back before the Fed-Gov gives it all away to illegals.
It’s a huge scam, the so called ‘Locked Box’ with ‘your’ money in it does not exist. SS funds were moved into the general fund years ago- thank you democrats. Anyone who believes the money you paid in is ‘yours’ is sadly mistaken. It’s a giant Ponzie scheme that needs to be phased out.
Whenever conservatives talk about reforming SS the Lib-Tards loose their minds and spout the old “If there is no SS nobody will have any money for retirement’ which might or might not be true for some idiots however like the woman said:
"Freedom (n.): To ask nothing. To expect nothing. To depend on nothing."
--Ayn Rand
Continue to pay all those that are on it until they die, everyone who isn’t on it, refund them the money they paid in and that’s it. All gone. No good way to get rid of it.
bobfriesenhahn
Hooked
Tips should not be taxed so that the waiters and waitresses who supposedly will benefit can then cast their vote for the politician who proposes removing the tax.
This seems really easy to understand to me.
