Breaking Down Trump's New Tax Proposal for Tips

[@independent900]

It is so refreshing to listen to someone who isn't a bot for either side. I really like your presentation and content.

[@hadibae]

No tax on overtime wages.

[@CarolinaJ.O.A.T.]

I've been wanting that's since 2004 😂😂😂😂, that would be amazing right there 💪🏾💪🏾💪🏾

[@Leemajors380]

Sounds great, but I wonder what the catch is?

[@lymanmartin5806]

When trump does that every company will do one thing that is make it to where you only 40hr per week with no overtime

[@CarolinaJ.O.A.T.]

@@lymanmartin5806 How and why?? The company is already paying us/you for overtime, it's the government that takes their cut, not the company... I'm confused 🤔

[@lymanmartin5806]

@@CarolinaJ.O.A.T. companies would surely cut back hours worked and limit it to only 8hrs per day an 40hrs per week

[@Caroline-rt7qx]

Trump also proposed No Tax on Overtime pay!

[@Userconcubinexp]

He proposed no tax on all social security . Lol, can you imagine the federal revenue loss ? No way .

[@synergistex7088]

​@@Userconcubinexpit won't, trust me he has plans and one of them is tariffs.

[@bethc3796]

@@Userconcubinexptaxes on SS is not feeding the homeless🤦🏻‍♀️. Most people on SS get less than illegals.

[@pipedown7969]

@@Userconcubinexpthat will be made up for by increasing tariffs and import taxes

[@Userconcubinexp]

@pipedown7969 so the increased tariff means to me, the added cost will be passed on to the American consumer.

[@Jc-sm5vi]

I am a business owner and I will definitely support the option to give my employees tips out of their salary. Anything that gives the government less to spend in wars and bullshit researches.

[@RunForPeace-hk1cu]

Except how high income earners will use this loophole and pay themselves millions of dollars in tips 😂😂😂😂 It’s a scam Trump wants to give to his rich friends 😂😂😂😂🤡🤡🤡🤡 This is why Kamala restricted specifically to service and hospitality industry only to prevent abuse Think little bruh 😂😂

[@spanishfly7709]

Of course you would of that 12% tax that's paid you pay 6 and by giving them there pay in tips that eliminates your 6% in taxes.

[@okaymotion]

@@spanishfly7709and it’s not a bad thing

[@ShadowSiegeX]

@@spanishfly7709was just gonna comment the same 😶‍🌫️

[@synergistex7088]

I commend you good sir.

[@denisechristian3215]

Half my earnings are tips! I’d love to see this policy come to fruition!

[@elainemiller2828]

How is this fair to all the workers who have to pay taxes on their entire income?

[@1OnlyGot7]

@@elainemiller2828If someone is giving you a $5 tip, they’re not giving you a $4 tip

[@joecurtis8768]

@elainemiller2828 Because most people who work tip jobs are usually getting paid way less. Even with the tips involved….

[@Welovehorrormovies]

@@elainemiller2828those jobs you make money off of tips, such as servers in Michelin star restaurants or nice restaurants. Tips are the reason you get those jobs, and the government is taking all of it now.

[@azarfe11Life25]

Tell that to bartenders and strippers I'm sure there's some other jobs I can't think of off the top of my head but those people are going to be super happy

[@thelmacecelia4965]

He is also saying no tax on overtime. I work in a hospital and that would help a lot because I have to do a lot of overtime.

[@BLTGVon]

I do the same for IT

[@rookiepilot.rp1]

I work also in a hospital as an hourly employee (Technologist) No tax on OT is a terrible idea, I cannot support it. First it’ll contribute to the national budget deficit about $3 Trillion over 10 years greatly affecting the value of the dollar. Secondly and this hits closer to my pocket, it’ll cause employers to stagnate wages as they’ll use this as bargaining chip. OT will become the norm and wages will deflate, working 55 hours per week for the same monetary gain as 45

[@ShaneStilwell]

I love that you bring up the government waste and budget. Elon Musk has said he would help Trump with an efficiency program, this could literally cut the federal budget in half!!! Remember also, tips did not used to be taxed.

[@lbs-c7y]

💯 Elon has agreed to take a look at Government spending and reduce waste (politians love missing money) as he has at Space X / Twitter. Also RFK will be allowed to expose big Pharma thus ensure nutritional health in America! We have a real chance to Make America Great Again (sorry not sorry but no other way to say!) I'm hopeful and like our odds! 🇺🇸 🌎

[@50calpulse76]

The IRS needs to go away along with property taxes

[@stevee2639]

You got my vote! Essentially you never own your home/property!

[@cliffkemp]

IRS, yes. Property tax, as much as i don't like it, it is how local representatives are paid and schools are funded. However, after 65, in some jurisdictions, the school part, which is a good bit, is no longer paid. Local roads, police, and fire departments still have to be maintained. The local people have to pay a little to keep theses services such as mentioned. This is why it is important to be involved in your community.

[@hudster80]

the IRS needs to go away and we just have a simple tax

[@Destroyer-Grizzly-BIH]

Us homeowners would be living quite comfortably without property theft, I mean tax.

[@LowkeyXxx]

​@@cliffkempno property tax, theft is theft. Whoever volunteer to pay, let them pay

[@irinabenskaya5499]

We need less government and less much less spending/ wasting our taxpayer money!

[@ReasonsWhy5]

I'm not a Service worker, but I know a few. And I think that is a novel idea. People need help in any way they can get it. But doing away with FED. Tax would be a game changer! 💲💲💲

[@Userconcubinexp]

Except , it's not Trumps novel idea. He stole the idea from Ron Paul. Fact.

[@BakoSooner]

First, the tip money was already taxed from paycheck. Second, US have $66B to other countries in 2023 as “foreign aid”. US doesn’t have income problem. We have spending problem. But nobody is willing to do anything about the expense side.

[@bethc3796]

Agreed, but when the plan includes cleaning up wasted payroll in Govt, everyone has a meltdown.

[@frankwise7464]

@@bethc3796 except that Elon will be in charge of eliminating government waste. THAT should be interesting.

[@MierePC]

​@@frankwise7464Elon has nothing to do with Trump in Gov, Elon simply supports him

[@Eagle.456.]

He definitely wants to strengthen America without a doubt

[@Embae92]

He had his chance and failed miserably with the Pandemic. And left the current administration with a deficit untold. The old man will be 82 in for years. He declining mentally as well. The same was said of President Biden.

[@georgerodriguez8824]

The economy did not crash during the pandemic. That’s fake news. It was a controlled shut down because we were facing an invisible enemy. That’s why the economy bounced back so well afterwards. The US economy always does well when the govt gets out of the way. Until the new admin tampered with it again causing record breaking inflation by shutting down our thriving oil industry, and firing all those longshoreman and truckers for refusing the jab.

[@huyphannguyen8747]

@@Embae92 as if the pandemic was his fault lmao

[@HTX7130]

@@huyphannguyen8747he failed this nation by not taking the pandemic serious. Costing lives and jobs you don’t know anything

[@jonathonpate8330]

@@HTX7130it was starting as his administration was winding down, not his fault, he tried the best he could, but again, it wasn’t his responsibility, it was Biden’s since it had a foothold starting in November-January, there was no reasonable expectation that Trump could’ve done

[@expertonnothing6624]

I’m not a server. I do agree tips shouldn’t be taxed. The person who tips already paid taxes on that money. The restaurant is able to write off the persons wages as a needed business expense. Then the worker gets taxed on that. Tipping people doesn’t give me a tax deduction. Therefore it’s double taxation

[@audiolego]

No tax on overtime, tips.

[@MrPookiexL3oi]

I am wishing that the next President 2028 will be Vivek Ramaswamy he said he would either get rid of the IRS completely or cut majority of the staff to only a small group to run the IRS and then to implement a Tax code at 12% across the board for all American employees/employers and American businesses / corporations. It would be a dream come true to just pay one Tax every year and that is it. What a country America would be if we did that.

[@Userconcubinexp]

The flat tax benefits the rich. I want thr rich to pay a higher percentage than their secretaries.

[@MrPookiexL3oi]

@@Userconcubinexp Okay please explain to me your thoughts I would like to hear different opinions on what Vivek's tax plan vs. yours then.

[@Userconcubinexp]

@MrPookiexL3oi Economist and lawmakers refuse to adopt a flat tax because it benefits the wealthy disproportionately. That's the reason that we never had a federal flat tax .

[@Userconcubinexp]

@MrPookiexL3oi maybe a graduated flat tax that starts at 50% for the wealthy I'm ok with. My qualifications on economy... construction worker , 12 th grade education.

[@MrPookiexL3oi]

@@Userconcubinexp Thanks for your inputs.

[@Sugin14]

Dems it's a horrible idea he's stupid. Kamala: I think I'll do that to. Dems: omg queen we love you your a genius. 😂😂😂

[@caesarray4597]

That part...

[@captalks6209]

I love it, if tipped workers have more disposable income, they’d spend on things they maybe normally wouldn’t have spent money on like a new car, house, renovations, consumer goods. Grow the economy organically… more spending more taxes more demand etc Sure I’m an engineer working in auto and I don’t get the same tax treatment as tipped workers but if more people can afford new cars, hell yeah, this would benefit the auto industry and thus, myself.

[@iamdrealdeal]

They complaining $250billion? you gave that to Ukraine already. So, gifting your citizen for working hard is difficult?

[@bmark6971]

Exactly and 250bil over a 10 year span...it's a dirt cheap proposal in these days. They can say the impact will be small, but it will be huge for the people who need it most.

[@EmerysZR2Duramax]

Exactly!!! Screw paying taxes just so the corrupt politicians can send out money overseas!

[@darkbringer1440]

It's not even gifting. It's not taking their earnings.

[@Userconcubinexp]

​@EmerysZR2Duramax I rather my tax money going to Ukraine instead of sending our sons and daughters to fight a European war against Russia.

[@geechyguy3441]

@@UserconcubinexpDid you forget Russia used to hold territory all the way up to East Germany until recently - and no war broke out. Ukraine has been under Russian control for thousands of years. I’d hardly call it a major threat to the USA

[@rhondautt462]

I am definitely impressed with your explanations! So calm, so simple

[@mitchyp1121]

Love the jewels you constantly drop

[@tonyschmitz1997]

The no tax on tips could be the plan that helps with the worker shortage in the restaurant industry

[@bloomingtales1832]

Reduce government spending by getting rid of some of these alphabet agencies like the FDA who's not helping us anyway.

[@raidergainzx5290]

One thing that does need to happen though is tips being reigned in a bit. Ever since the reopening portion of covid small businesses used covid as a sympathy method to justify adding tip options in places where it typically wouldnt be seen. Example, stores where you drop off packages, pick up orders at restaurants, gas stations, etc. Its getting abused. I could see a bunch of companies abusing it more if they know its tax free. Imagine you order a package at amazon and the driver shows up looking for a tip. So overall its a good idea, but it needs oversight. Just like any policy though.

[@wrathofravage2428]

People 4got Trump is a financial genius 😮

[@JohnnyAllenwrench]

I don’t think a Genius would file for bankruptcy numerous times lol, but may the best candidate win

[@rachaelcox7298]

@@JohnnyAllenwrench Try to find any entrepeneur who has not closed a business or restructured a business like Trump did! You really should understand what he actually did instead of regurgitating what CNN and ABC told you to think.

[@JohnnyAllenwrench]

@@rachaelcox7298 You’re joking, right? You can google the bankruptcy filings. Multiple news sources report on it, but let me guess, that’s fake news, right? Like the election being rigged or climate change being a hoax😂😂🤡

[@fionarobertson8841]

he doesn't even understand how tarriffs work.

[@JohnnyAllenwrench]

@@fionarobertson8841 Just learned that word today huh?

[@TattooedFourLife]

If this happens then there should be a reduction on standard % of tipping in some positions.

[@TenorDad]

Karlton, you are one smart cookie. I agree with you. In order to "balance the scales" the next presidential administration will need to start firing a woefully over bloated federal government AND lower/eliminate income taxes. On another note, the President of El Salvador says that U.S. Treasury Bonds (the FED buys the majority of them with freshly minted currency), not American taxpayers, fund the government. Wanna tackle that in your next video?

[@bloomingtales1832]

This would be great especially since alot of restaurants are going cashless which makes it hard to be discreet with the amounts.

[@YOUR-WORD-IS-YOUR-BOND]

Going cashless is making our money weaker. They want to make this continent into a third-world country to control us. You all are falling for it!

[@GermanShepherdDaphne]

Credit card tips are taxed taking more taxes out of our hourly wage check. It’s bs. But if tax cuts on our credit card tips then we can only be taxed on our actual hourly wage which mine is $10 per hr in NYS. I work 30 hrs per week. Which at 10$ per hr x 30 is $300. I only get $150 because they tax me on hourly wage and credit card tips. Yet…. I cannot use the income from tips to apply for a loan. They only use the hourly which is BS

[@urbanrenaissanceman3913]

Can you give a break down of all policies from both candidates and what the ramifications

[@Xplain2meY]

I think no taxes on tips is a good segway for no taxes on income in general. Income tax in the early 1900s is unconstitutional & the more middle-men involved in commerce, the more the products have been taxed by the government to reach the consumer. Ex: Workers harvesting lumber are taxed (income), Lumber is taxed (sales), then folks creating wood-based products (income), then middle- men, then the final product is taxed (sales). This system is unsustainable & needs to be abolished; we're not supposed to be taxed on the same goods multiple times NOR income. Government collects enough taxes to waste billions; they need to be starved of "income" from We the People & prevented from printing their way out (socialized tax) & actually balance the books responsibly.

[@shawnthomas-royster3554]

A flat tax doesn’t disproportionately benefit or hurt anyone. It can’t. In math, a percent is essentially the definition of proportionality. Paying 10% of $10 is $1. You keep $9 or 90% of your income. Paying 10% of $100 is $10. You keep $90, or 90% of your income. Paying 10% of $1,000 is $100. You keep $900, or 90% of your income. You get the point. No one is penalized more or less for being poor or rich. That’s how tithing works. That’s how sales tax works. It’s fair and equitable for everyone to look forward to and bank on keeping the same percent or proportion of their hard-earned or easily-earned money, regardless of the amount they earn.

[@Embae92]

You put a lot of faith in Trump's word that he'll do what he said he'll do. At the debate, he said he only has "concepts" of a plan.

[@wbrodie55]

2:05 made me raise a brow. Really? You're going to guess how his "concept" will pan out? And we just have to vote mr covid back in office to get a "concept"?

[@allaganqueen]

Same can be said for Kamala…

[@blubu68]

@@allaganqueen except she actually passes policy. he doesn’t even have a policy only concepts.lol but I’m sure your little mine couldn’t comprehend that.

[@JohnnyAllenwrench]

@@allaganqueenFun fact: you can look up the Democratic party platform manifesto. It’s 92 pages if you take the time to read it, but I’ll link it down below democrats.org/wp-content/uploads/2024/08/FINAL-MASTER-PLATFORM.pdf

[@silver9wolf6]

​@@blubu68​ Didn't Trump pass the Tax Cuts and Jobs act (TCJA) which helped lower everyone's taxes? What has Kamala passed? She's the VP, how is she signing off on bills?

[@rdavis1724]

Trump 2024 MAGA!!! Say no to marxism and communism.

[@Embae92]

I say NO to Project 2025! HARRIS/WALZ 2024💯

[@superramenrider]

@@Embae92, there is no Project 2025. You have been bamboozled by the Dems.

[@caesarray4597]

​​@@Embae92I say yes to protecting or youth as well as ensuring that American citizens are awarded the jobs that have been gifted to undocumented and untaxed illegals. LET'S GO TRUMP!!!

[@Userconcubinexp]

A vote for Trump is voting for dictatorship.

[@Userconcubinexp]

​@caesarray4597 be careful what you wish for. He's a future dictatorship.

[@Ashleylovesbaby]

Does this also apply to (sales) commissions?

[@robwilliamson1738]

No tax on social security some of us would like to go back to work I love being a truck driver an would help with shortages of workers in all trades this I hope will come true ,much love to all ❤

[@TeresaMinsinger]

But what happens when they retire ? They will collect lower social security payment due to lower tax rate? Or will still report they made 70k but only paid taxes on 20k?

[@brandonb.4517]

Sadly, hopefully, you saved a lot of money by then

[@charlesyoung7436]

That could be a major shock for those being paid less than minimum wage on the assumption that they will receive tips to more than make up the difference. The only thing that would help them is the fact that the amount of Social Security benefits one will receive is 90% of the first $1,000 a month average lifetime income. This is hardly enough to live on when retired in an inflationary economy, though. Something will have to be worked out; perhaps no income tax, but still SS tax on all reported tips.

[@vincenzo3292]

As an Analyst can I claim my wage as tips?

[@jomendoz13]

How would tariffs work with computers? Most electronics are made overseas, and there are no USA manufacturers of motherboards.

[@irinaa2467]

Wondering the same thing. Also imported construction materials and equipment will go up. So expect to pay more on home and auto.

[@TheLazyLiberal]

basing more income on tips builds a stronger meritocracy

[@coltusmc1]

So why do we have property tax?

[@LungaPhewa]

you don't even need to guess it - Brother Dannis is with us - the Party of Common Sense! lovely work bro

[@Gilikemail]

Could I then claim the tips I leave as contributions to a tax-free entity?

[@geraldbeall7734]

Most people making tips earn between $15 and $20 per hour worked. Some at higher end jobs make over $50 per hour. How about paying a decent wage rolled into the product or service. Making tips tax free is a slap in the face of non-tip workers forcing them to cover the tax shortfall.

[@BethaniSeal]

With companies that do bonuses instead of tips, do you think they will stop taxing the bonuses too?

[@raybutrang7249]

what about us working 60-80 hours a week? can we get overtime pay? like truckers or oil rig workers

[@donnahoster2401]

I am a Trump supporter, but I'm sure I would not be alone in paying a lesser percentage in tip money if I know it's not being taxed. This is not coming from a place of greed or spite, but I already pay most tips in cash, knowing it will go unreported if not "under" reported. I feel like my cash tip will make up for losses on reported credit card tips. I typically tip 20% or more for outstanding service. I waited tables for several years in my 20's so i understand. Tipped employees already make more money than i make now working in the education system, so giving away my taxed money to a person who is exempt isn't exactly appealing. I might go back to the 15-18% rule if this actually comes into fruition. So my point is that tipped employees should worry that this might actually hurt the tips they receive at point of service. AND, a question we could ask is whether this is JUST federal tax and the service worker might still pay STATE income taxes on tips depending on where they live. This deal is a nice offer but seeing it played out would be interesting.

[@Gi_Lovely]

Hi there, Do you offer accounting tutoring?

[@lindseyfrazier3298]

I think there are very few people who make their entire living on tip work. I'm assuming most people do tip work as a second job or part time while they are in school or something like that. So I don't have an issue with tips not being taxed because the same number of hours of their time is invested. It doesn't make financial sense for them to work a lot for a little and that is one reason restaurants are having such a hard time remaining staffed. I can't imagine the country's revenue takes that muhc of a hit, and I do like the idea of increasing tarrifs on imported goods. The government should definitely leverage that opportunity before it comes for ANY of our tax money. It will also incentive people to buy American and hopefully lower the price of American-made goods.

[@beckyhoffman1414]

Fyi my son makes more money working for a restaurant as a server than I do in a corporate job. He only works 20 hours a week to my 50 work week. It seems demeaning to all the people in the serving industry to say it's a 2nd job or for someone going to college. You probably didn't mean it that way, and I'm sure others feel the way you do.

[@Scytale321]

while I love the idea of no taxes on tips i hate tipping culture, it's gotten completely out of hand and i wish not so many industries were reliant on tips. I would rather the workers' wages just be included in the final price and the workers be paid a fair wage that reflects that.

[@adrianvasquez3698]

I think this would help a lot of workers that are barely making ends meet . And bring more people back into the service industry.

[@dcpower23]

Talk to me about your if you think this would apply to both tips and commissions please.

[@glennscottthepainter5176]

Karlton, Verry Interesting, I also enjoyed your explanation of Unrealized tax gains...

[@timothymiller5753]

Would be ingteresting if no tax on tips happens then how much salaries will be tried to be classified as tips. I woiuld imagine that the law will have loopholes to allow this to happen.

[@sean4236]

This is going to be interesting for gig workers and the companies they "work" for.

[@sarahwhite8459]

If Americans can keep more of their money, hopefully, we will see a decrease in the need for welfare. I honestly don't see how anyone could get rich off of tips unless they worked in cities or work for elites. In small towns, and I speak from experience....You often see yourself making less than minimum wage even after tip. This also happened to my son. And by the way, they were forcing him to chip in to pay the dishwasher from all the tips received for that day. The dishwasher was getting more than minimum hourly wage, plus tips from all the servers. My son made less than 3 dollars an hour. So even if he didn't make but a couple of dollars on tips, he still had to pay. They wouldn't let my son leave without paying his due to the dishwasher. Thank you, Huddle House. You disgust me. Thank God he didn't stay there long. He graduated high school recently and joined the service.

[@GermanShepherdDaphne]

I work at a diner in a very rural town. I make $200-250 a shift without my paycheck. That’s $30 hrs a week 4 shifts per week $1000 plus $150 check. Not bad

[@contextual_investor6139]

Ahhh yeah just pay me $1 for my salary and give me a $199,999 tip

[@kevink5245]

I think they should create a job class for service workers who get tips. This will help solve the problem where people also hold a non-service job. Tax deduction has so much room to maneuver and can vary for the service job like a 20% deduction on income over 50k.

[@brians3504]

The money laundering industry would go through the roof if tips weren't taxed

[@kevink5245]

@brians3504 probably, but the money laundering by this pyramid tax scheme is through the roof already. So I go to a restaurant with taxed money and tip a waiter who has to have their tips taxed and the waiter goes shopping and buys clothes and the retailer gets taxed. Its a shit show.

[@michaelbrock6286]

This could lead to employers redefining bonuses as tips to help remove the extremely high tax rate on bonuses.

[@diegoescamilla6541]

Can you make a video on how the government is going to afford paying back the debt?

[@Heartfullofgoldentempire]

I think u gotta understand coming from having no economy and learning how to have a economy for u and your house hold no bs about certain things no bs

[@terrystarr4793]

Heeeeelllllll yeah brothers n sisters! Let's vote for what's good! God Bless America!

[@raymondtomsick8111]

Couole problems with this: This was tried in the trucking industry, half of your wage could be called a "per-diem"and therefore untaxed..THE PROBLEM is that banks look at your TAXABLE INCOME when qualifying you for a loan. So in the bartender example said bartender would only qualify for l, say a home loan, based on the $20k reported. Reporting it and then refunding sounds like a bureaucratic snafu. Plus, i cant think of a better way to launder money. Lowball your staff wage, you pay them out the tips, not the client and save on labor tax.

[@Heartfullofgoldentempire]

Now fidelity investments is showing me assets not much but it's good enough to be assets and they did not transport or none of that, had no shifts available on the inside of it

[@nmtay]

8:05 You know, now that you mention that, it might not be a bad thing. We've seen a dramatic drop in people desiring low-wage jobs like being servers, in hospitality, and so on, and making it so that they can keep more of their money could make those jobs more desirable and could drive people to those jobs. That could also help the unemployment rate and solve the issue with some of these employers having trouble filling some of these job roles. It could also change people's work ethic and make people want to provide better service so that they get more or better tips. I think there are a lot of wins for the American people that come with his proposals and the only entity really losing out is the government.

[@GermanShepherdDaphne]

Actually. I make more money as a waitress then I did as a dental assistant.

[@zeketestorman4981]

This might encourage more charity actually. Especially for those who feel like they can give back now. Think about it. If tips become a more common form of payment, you essentially have a society of giving.

[@scottpeters1142]

If you haven't already, please do make a video on the ways the federal government loses money or spends it poorly

[@o.a.c408]

Both candidates have proposed eliminating tips, with Harris' proposal targeting service workers (waiters, hotel workers, etc.). I haven't heard Trump talk about any restrictions, which could be disasters! Is it possible that CEOs would start classifying their bonuses as gratuities?

[@mannyrivera4119]

it could affect streamers as well if donations are designated as tips.

[@ZacharyMiller-zk1zy]

Why should income be taxed but not tips doesn’t seem faut

[@Larry-d1c]

Great video my libertarian brother!

[@GermanShepherdDaphne]

4:49 or counting fish on the Covid bill.

[@RealorConspiracy-letstalk]

What do you feel about Trumps ability to pass a removal for tax on overtime? How would this impact our economy overall? Can we afford it under our current environment?

[@homebodymisskatie3097]

No tax on overtime will put roughly $100-$200 more in my pocket every week

[@lorenshen8036]

MAGA❤❤❤❤❤, TRUMP❤❤❤❤❤

[@mgreen3098]

You picked a video topic that both presidential candidates support. VP Kamala Harris also supports eliminating most or all of taxes on tips. Would be best if employers paid a decent wages so workers aren't dependent on the generosity of their customers for their basic living expenses. Some employers don't even have to pay minimum wage because of the tip exemption.

[@ryanlink8699]

She was the deciding vote TO tax your tips under Biden admin. Fact. And you believe her??? Same with she never went to the border but was the border czar, she kept innocent man on death row for years to further her own agenda and policies, she also put thousands in jail for marijuana and then laughed about it in a public interview asking if she had ever smoked it herself…. YOU TRUST WHAT SHE SAYS?! Also He did a video on her proposals as well…. Watch it.

[@gdove90]

Restaurant owners don’t want to pay higher wages

[@jeffdwatson22]

They wouldn’t pay any federal tax in that case with deduction

[@theddyuy]

No tax on tips, holidays, and overtime please make it happen whoever wins!!!

[@wightsmith3145]

How about, not taxing anybody 🤔

[@LowkeyXxx]

They find it hard not to steal money from the citizens

[@tammycleveland588]

If Trump actually follows through with his promise to cut taxes on tips , speaking as the mother of a daughter who is a server it would really help her. As you pointed out in your video it might have qualified people leaving positions where they are needed such as teachers, police officers, nurses, health care workers to be servers , what would happen then ?

[@Brendan_Johnson]

Taxes were only suppose to be temporary. Its good that some one is trying to abolish taxes

[@76ers]

8:14 - Yup, bonuses should not be taxed. Or keep the same job, change salary to $30k, and bonus/tips to $120k.

[@PrevailPress]

You're looking at low pay workers. Nurses, Firefighters, Police, EMTs, and more would benefit from this. Give put more money in their pocket, they'll spend more.

[@pipymagic999]

Anyone who's willing to lower and or end taxes and is also willing to stop government spending is s good thing. We as citizens are taxed to no end. If these politicians were held accountable for losing our money or spending it frivorously, i don't think we would have so many accidents

[@Userconcubinexp]

In 4 years , Trump ran up the National Debt 8 trillion dollars. If you don't want Debt, you dont want him. Lol, his campaign promise was he'd eliminate all National Debt . Just like building 30 miles of wall in four years.

[@cvx5595]

Elon Musk will come in to save the day on the government efficiency team. 😂😂

[@MMT_Rod]

Only the poor receive tips for their work, so I’m all in. But I’m also in favor of eliminating ALL income taxes and replacing them with property taxes, excluding the first $2 million. This video does make one critical mistake that I’ve also seen elsewhere - federal taxes are NOT used to provide government services. All dollars returned to the Treasury are shredded and the shredded bills are then sold to the public in tittle baggies. As stated in the US Constitution, the Congress has monopoly power to create the money to provision itself, nowhere does the Constitution mention the need to tax. So, yes the Congress does own a money tree and tax payer dollars are irrelevant to spending.

[@RunForPeace-hk1cu]

Except how high income earners will use this loophole and pay themselves millions of dollars in tips 😂😂😂😂 It’s a scam Trump wants to give to his rich friends 😂😂😂😂🤡🤡🤡🤡 This is why Kamala restricted specifically to service and hospitality industry only to prevent abuse Think little bruh 😂😂

[@ryanlink8699]

Government needs to raise 0 taxes ever. They need to get rid of countless different organizations that they run, and pay for all of their “lost” billions each year they lose. And personally be accountable for every penny they sent over seas instead of keeping in the US to better American lives, instead of foreign ones.

[@maiya3998]

If you lower taxes then the Feds can not spend like they do and working people keep more money for our selves.💕💕💕

[@Welovehorrormovies]

I am a service worker at a nice restaurant where we make good money, except I've paid 8grand in taxes just form my tips this year

[@proflex310]

Another two things why I support Trump is that he will close the border and stop border crisis and stop war in Ukraine. All this will potentially save us hundreds of billions dollars !

[@marciebarnes4422]

It supposed be no more federal tax on income, abolish the IRS. No more filing tax returns

[@phildarche8080]

What about like doordash drivers

[@itsmelee9760]

No tax on tips is just another way for a tax lope hole- im not a fan and im currently a bartender

[@gretchinkvaal7837]

So, what is tonstop the government from keeping a record on how much people are really making on tips, and then overturning this tax bill and really ramming people on the newly figured income declaration. In the moment, I know it helps people, but there is no guarantee it will stay in place. With all the data storage facilities being built all over the world, it doesn't seem unfeasible.

[@ZacharyMiller-zk1zy]

Abolish the IRS

[@irisflower9030]

Great! If tips aren’t taxed I won’t feel bad tipping less cuz as a customer I should not be responsible for ensuring a worker earns a livable wage. It’s the employers responsibility. If a business wants to increase prices to fairly compensate their workers I’m all for it. But if I make 70k and have to pay full tax and bartender makes 70k but only pays tax on 20k then I will become a person who needs more help and would heave to cut my expenses accordingly.

[@Heartfullofgoldentempire]

Federal contractor's business was a 🎢 for me starting off learning and understanding no bs after that especially with Donald Trump saying prosecute dem and all that bs

[@synergistex7088]

He should just include that not hospitality and service workers could not be converted to tips. That would solve that problem.

[@Karma0jun]

So Tariffs do not tax our own economy? Do you drive anything that uses OEM parts made in China? Do you utilize anything that utilizes Chinese manufactured items? Then our economy will be taxed significantly for those non-American made repair parts. Too much cherry picking. And I like that "cost of bailing out banks" that the FDIC covers and the sold equities to other banks. How much are we talking about here?

[@blubu68]

This guy is completely clueless in this video supply chains are all from China even if the product is made in the USA components of that product guaranteed are coming from overseas, which will cost more if tariffs were so great. Every country would put 100% tariffs on everything.

[@Heartfullofgoldentempire]

Now the tax form I seen about the 401k plan can not at all no bs claim no assets at all no bs for not being able or having that available on the inside of it no bs

[@Cuisinart619]

What better way to shrink the size of government. Take the money away from them. It's the person who earned it so let the keep it.