Please welcome TRUMP........to CIRCA VEGAS

[fishhead]

President Donald Trump is doubling down on Las Vegas, picking the city as the site of his first visit to Nevada since starting his second term.

Trump is scheduled to speak at 12:30 p.m. Saturday, at Circa Resort and Casino in downtown Las Vegas.


Trump is expected to talk about his proposal to make tips and overtime exempt from taxes. Trump first floated the plan to make tips tax-exempt at a rally in Las Vegas.

He recently credited the proposal for flipping the Silver State — which has a large leisure and gaming sector — in the 2024 U.S. presidential election.

“Do you remember a little statement about tips?” Trump said in a speech after his inauguration. “I think we won Nevada because of that statement.”

 

[Wagerallsports]

I have never ever thought about it until he brought it all up, but it makes sense that tips should not be taxable

But if it goes through even more important to start asking your server if they get to keep all of their tips or share (which I don't believe in)

Also some restaurants, especial Latin, the owners keep the tips, so be always be leery when eating at them especially smaller ones

 

[Tanko]

Are you going Fish?
Take Bobby.

 

[jjgold]

Excellent

 

[fishhead]

Are you going Fish?
Take Bobby.

NO

Long workday here.

 

[gauchojake]

Whenever possible tip cash.

 

[Reload]

Makes sense to have it not taxable. I’m sure most servers lie about how much they make in tips anyway. Many customers don’t tip as much as they should anyway. Especially in the rideshare world!

 

[edawg]

Whenever possible tip cash.

You throw a couple of Grants or a Franklin down they will remember you if you happen to come back.

 

[fishhead]

Went to $11.99 CHINA BUFFET in PAHRUMP with Eddie Green and JJGOLD

===============

GOLD tipped server $20 bill

 

[fishhead]

SS should not be taxed

 

[Wagerallsports]

Whenever possible tip cash.

Solid advice

 

[jjgold]

Stevens must be a republican

 

[fishhead]

Stevens must be a republican

PROBABLY

 

[MinnesotaFats]

Trump would have to dissolved the IRS to get this law changed.

Liberals love their tax dollars, and I'm sure nobody is paying tax on cash tips, the reason Biden hired 80,000 new IRS agents & made banks report any transactions in excess of $600 is to TAX THE TIPS & trade done via PP or Venmo or CashApp.

There's low hanging fruit there, hundreds of billions of dollars, as opposed to fighting the investor class over unrealized gains.

Trump got a nice talking point, just don't see it happening.

 

[MinnesotaFats]

JFC just came across this blow to small biz as well....

Supreme Court Allows Law Requiring Small Businesses to Report Ownership Information

The high court lifted a Fifth Circuit ruling from Dec. 23 that halted the beneficial ownership reporting requirement.

www.theepochtimes.com

 

[edawg]

" Meet the new boss same as the old boss"

 

[KVB]

Trump would have to dissolved the IRS to get this law changed.

Liberals love their tax dollars, and I'm sure nobody is paying tax on cash tips, the reason Biden hired 80,000 new IRS agents & made banks report any transactions in excess of $600 is to TAX THE TIPS & trade done via PP or Venmo or CashApp.

There's low hanging fruit there, hundreds of billions of dollars, as opposed to fighting the investor class over unrealized gains.

Trump got a nice talking point, just don't see it happening.

A lot of payroll programs are funded by those taxes.

They would have to replace that funding too.

So yeah, it's a tall task to say the least.

 

[Tanko]

JFC just came across this blow to small biz as well....

Supreme Court Allows Law Requiring Small Businesses to Report Ownership Information

The high court lifted a Fifth Circuit ruling from Dec. 23 that halted the beneficial ownership reporting requirement.

www.theepochtimes.com

So this just means, businesses of 20 or more people or >$5M in revenue have to report who benefits (owns) the business? Is that how you read this?

And its to avoid money laundering.
I'm not understanding how this is a bad thing Minny. Granted its more government involvement but it reduces laundering, right.

What am I missing?

 

[MinnesotaFats]

So this just means, businesses of 20 or more people or >$5M in revenue have to report who benefits (owns) the business? Is that how you read this?

And its to avoid money laundering.
I'm not understanding how this is a bad thing Minny. Granted its more government involvement but it reduces laundering, right.

What am I missing?

Most family business is considered small business, and most avoid probate by using trusts.

This opens up trusts to government scrutiny. The very concept of using trusts has been to keep government at bay, and it's been so for 250 years in American jurisprudence.

This will force the sale of MANY small businesses upon proposed transfers or deaths.

 

[Tanko]

Most family business is considered small business, and most avoid probate by using trusts.

This opens up trusts to government scrutiny. The very concept of using trusts has been to keep government at bay, and it's been so for 250 years in American jurisprudence.

This will force the sale of MANY small businesses upon proposed transfers or deaths.

Got it.... I did not consider that aspect.
That makes sense.