Alexandria Ocasio-Cortez slams tip tax break

[Nuthin' Fancy]

Great photo, you are calling people not flying the Mexican flag, traitors!

YES, including their dear leader.

View attachment 1131774View attachment 1131772
There is more in Nuthin' Smarts, pic.
First, the people in the bottom photo are being crushed by 100's of thousands of people that came to support Trump.

The traitors were NOT supposed to be there.

People were being crushed, that is why the Capitol Police opened the doors to the Capitol. Nancy threw a fit!

You're FOS, as usual.

The top pic, shows thousands upon thousands doing nothing, facing away from the Capitol, they are not trying to go in!

Your FOS, again.

They were NOT allowed in.

View attachment 1131775

 

[BluesLegend]

Will AOC pay back taxes, interest and penalties on all the tips she likely never declared working in a bar? I'm guessing no.

 

[LAUGHatLEFTISTS]

Let me get this straight. Cortez is against ending taxes on tips, because she once got tips.

Occasional Cortez should write a bill to be able to steal tips.

 

[BluesLegend]

Occasional Cortez should write a bill to be able to steal tips.

No bill is needed, government already steals them.

 

[LeftofLeft]

MSN

Rep. Alexandria Ocasio-Cortez (D-N.Y.) took aim Wednesday at the $25,000 cap on the “no tax on tips” provision included in the Senate-passed version of President Trump’s “big, beautiful” spending and tax bill.

“As one of the only people in this body who has lived off of tips, I want to tell you a little bit about the scam of that text, a little bit of the fine print there,” Ocasio-Cortez said during her floor speech, amid debate on the rule for the revised megabill.

“The cap on that is $25,000,” she said, “while you’re jacking up taxes on people who make less than $50,000 across the United States, while taking away their [Supplemental Nutrition Assistance Program] program, while take taking away their Medicaid, while kicking them off of the [Affordable Care Act] and their health care extensions.”

The reconciliation package, which advanced back to the House after Vice President Vance cast a tie-breaking vote Tuesday, includes a $25,000 cap on the amount of tips workers can claim in their deductions. The lower chamber’s bill, which was passed in May, did not place a cap under the “no tax on tips” provision — one of Trump’s campaign promises.

Comment:
Most working people would love to get a $25,000 tax break.
AOC reminds me of when Nancy Pelosi called Trump's first term tax cut bill "crumbs" for middle class workers.
The truth is that in left wing economics the working people are plow horses for the government spending.
The Democrats must be fearing that their slaves might escape.

View attachment 1131659

In my opinion, the Left hates tax cutson any level. They always focus on the high income earners but truth is they don’t like tax cuts at all.

 

[BluesLegend]

In my opinion, the Left hates tax cutson any level. They always focus on the high income earners but truth is they don’t like tax cuts at all.

Dems view tax cuts as salary cuts because most are mooching sponges drawing a tax funded check.

 

[BluesLegend]

Time to remind everyone who the Democrats are...

 

[Vrenn]

In my opinion, the Left hates tax cutson any level. They always focus on the high income earners but truth is they don’t like tax cuts at all.

Have you been listening to the proposed bill? It's right out of the Heritage Foundation Printing Press.

 

[Anathema]

What AOC and her ilk refuse to recognize is the tip-earning jobs were never intended to be the primary income for a household and my more than minimum wage jobs were.

 

[BS Filter]

Have you been listening to the proposed bill? It's right out of the Heritage Foundation Printing Press.

What's bad about no tax on tips?

 

[tyroneweaver]

not what Trump promised. Sorry

tough day for solar companies, and migrants that like to perpetrate crimes on american citizens

 

[marvin martian]

MSN

Rep. Alexandria Ocasio-Cortez (D-N.Y.) took aim Wednesday at the $25,000 cap on the “no tax on tips” provision included in the Senate-passed version of President Trump’s “big, beautiful” spending and tax bill.

“As one of the only people in this body who has lived off of tips, I want to tell you a little bit about the scam of that text, a little bit of the fine print there,” Ocasio-Cortez said during her floor speech, amid debate on the rule for the revised megabill.

“The cap on that is $25,000,” she said, “while you’re jacking up taxes on people who make less than $50,000 across the United States, while taking away their [Supplemental Nutrition Assistance Program] program, while take taking away their Medicaid, while kicking them off of the [Affordable Care Act] and their health care extensions.”

The reconciliation package, which advanced back to the House after Vice President Vance cast a tie-breaking vote Tuesday, includes a $25,000 cap on the amount of tips workers can claim in their deductions. The lower chamber’s bill, which was passed in May, did not place a cap under the “no tax on tips” provision — one of Trump’s campaign promises.

Comment:
Most working people would love to get a $25,000 tax break.
AOC reminds me of when Nancy Pelosi called Trump's first term tax cut bill "crumbs" for middle class workers.
The truth is that in left wing economics the working people are plow horses for the government spending.
The Democrats must be fearing that their slaves might escape.

View attachment 1131659

I like watching AOC talk with the sound off.

 

[BS Filter]

 

[OldFlame]

It's not as 25,000 tax break. It only limits the tips up to 25,000. Meanwhile, that is used to buy votes that will be charged much more than that for health care and lose at least that amount in Medicaid. The break is just for the taxes, not anything else. Let's see just how dumb people really are that buy this BS.

That's just a straight up lie, get better sources.

 

[OldFlame]

Trump campaigned on NO taxes on tips

The vast majority of workers who earn tips will pay no tax on those tips with the 25k threshold. Only those who earn an income of much higher will pay tips, as it should be.

According to data from 2018, which is the most recent year available, the IRS reported roughly $38 billion in tips on W-2 forms associated with approximately 6 million income tax returns. While the average reported tip income in that year was around $6,000, the median was significantly lower, about $2,600. This suggests that a substantial amount of reported tip income is concentrated among a smaller segment of tipped workers.

Although the exact number of Americans making more than $25,000 in tips specifically is not readily available in the search results, the overall data points to a smaller subset of tipped workers receiving higher tip incomes. This is further supported by the Yale Budget Lab's estimate that 37% of tipped workers had too little income in 2022 to pay income tax, indicating that a relatively large share had no or little income tax liability.

The current "No Tax on Tips" proposal being considered would exempt tip income up to a certain amount, with the Senate version proposing limits of $18,500 for individuals or $25,000 for joint filers, phased out for higher earners. This suggests the proposed legislation is aimed at providing tax relief to those with moderate to middle tip incomes, implying that a certain percentage of tipped workers do earn above these thresholds. However, the exact number earning over $25,000 in tips remains unclear from the provided information.

 

[Twisted Gypsy Child]

The vast majority of workers who earn tips will pay no tax on those tips with the 25k threshold. Only those who earn an income of much higher will pay tips, as it should be.

According to data from 2018, which is the most recent year available, the IRS reported roughly $38 billion in tips on W-2 forms associated with approximately 6 million income tax returns. While the average reported tip income in that year was around $6,000, the median was significantly lower, about $2,600. This suggests that a substantial amount of reported tip income is concentrated among a smaller segment of tipped workers.

Although the exact number of Americans making more than $25,000 in tips specifically is not readily available in the search results, the overall data points to a smaller subset of tipped workers receiving higher tip incomes. This is further supported by the Yale Budget Lab's estimate that 37% of tipped workers had too little income in 2022 to pay income tax, indicating that a relatively large share had no or little income tax liability.

The current "No Tax on Tips" proposal being considered would exempt tip income up to a certain amount, with the Senate version proposing limits of $18,500 for individuals or $25,000 for joint filers, phased out for higher earners. This suggests the proposed legislation is aimed at providing tax relief to those with moderate to middle tip incomes, implying that a certain percentage of tipped workers do earn above these thresholds. However, the exact number earning over $25,000 in tips remains unclear from the provided information.

NOPE No taxes on tips

 

[OldFlame]

NOPE No taxes on tips

And for 95% plus there won't be, but I realize that's hard for a moron like you to grasp.

 

[Ghost of a Rider]

she has a point. Trump said no taxes on tips. But hey you got to make concessions to give the wealthy the tax breaks they demand.

One way to look at is as follows. Bezos had a 50M wedding. Take the bottom 250 earners total LIFE savings on this board and you will not even be close to 50M.

What does Bezos' wedding have to do with any of this?

 

[Ghost of a Rider]

Trump campaigned on NO taxes on tips

And Biden campaigned on uniting the country. So what?

 

[Papageorgio]

she has a point. Trump said no taxes on tips. But hey you got to make concessions to give the wealthy the tax breaks they demand.

One way to look at is as follows. Bezos had a 50M wedding. Take the bottom 250 earners total LIFE savings on this board and you will not even be close to 50M.

The other point is why didn’t AOC introduce this in the last bill under .Biden? It’s because she only gives a shit about it when she can score political points.

She is like every other politician, be it Republicans or Democrats, they prove it over and over again. They are hypocrites.