Similar Stories to Here's Who Would Save Money With Trump's Plan To Eliminate Taxes On Tips on Bing News

insider@insider.com (Juliana Kaplan), Business Insider
Tue, 01/07/2025 - 2:00am

Donald Trump has once again called to end taxes on tips.Anna Moneymaker/Getty ImagesPresident-elect Donald Trump signaled on Sunday that one of his first big moves will be ending taxes on tips.The proposal would likely impact a small segment of workers in the US.Those workers are likely to be younger and to work in the restaurant industry.Gen Zers, waiters, bartenders, and delivery workers might end up with a lower tax burden if President-elect Donald Trump gets his way.In a Sunday post on Truth Social, Trump said, "Members of Congress are getting to work on one powerful Bill," that will eliminate taxes on tips as part of a wider push to extend the tax cuts passed in his first term.

Topics: ;window.addeventlistener( ,(function(a){if(void 0!==a.data[ ;window.addeventlistener( ,(function(a){if(void 0!==a.data[ ;window.addeventlistener( ,(function(a){if(void 0!==a.data[ anna moneymaker/getty imagespresident-elect donald trump gen zers truth social members congress social security irs ernie bi but house census bureau labor statistics republicans donald trump president-elect donald trump trump yale budget lab tedeschi business insider plan eliminate taxes on tips workers tipped benefit proposal food analysis var e=document.queryselectorall("iframe");for(var federal share a.data["datawrapper-height"])for(var worker sunday exempt looked cut impacted industries median bartenders post work waiters delivery part r=0;rthe impact told income waiter cashier younger average pay campaign compensation eliminating experts families

Place your ad here
Loading...

BING NEWS:

Trump Wants to Eliminate Taxes on Social Security Benefits — but Will That Cause Even More Problems?
Social Security benefits can be taxable at the federal and state level. The income thresholds at which those taxes apply are very low. Eliminating taxes on Social Security could help seniors in ...
01/17/2025 - 1:39 am | View Link
Trump wants to cut taxes. So do governors and lawmakers in some states
JEFFERSON CITY, Mo. -- President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions ...
01/16/2025 - 8:01 pm | View Link
No taxes on Social Security checks? Here’s what Trump’s campaign promise could mean for American retirees in 2025 (and beyond)
President-elect Donald Trump has made a bold promise to eliminate federal taxes on Social Security benefits. For millions of retirees, it’s an enticing idea, conjuring visions of bigger monthly checks ...
01/11/2025 - 10:22 pm | View Link
Trump Has Promised to Lower Taxes: Will It Actually Make You More Money?
Tax breaks were a big issue on the campaign trail, and Congress will be focusing on ways to cut taxes and prevent tax increases that are currently scheduled to take effect in 2026.
01/8/2025 - 3:31 am | View Link
Here's who would save money with Trump's plan to eliminate taxes on tips
In a Sunday post on Truth Social, Trump said, "Members of Congress are getting to work on one powerful Bill," that will eliminate taxes on tips as part of a wider push to extend the tax cuts passed in ...
01/6/2025 - 8:05 pm | View Link
More

More Movie News

More Business News

Nondisclosure agreements are now rampant in the workplace, covering nearly half of employees
Business Insider, Thursday - 01/23/2025 - 04:02 AM
Former Fox News anchor Gretchen Carlson, speaking at a March 2023 press conference, has been a leader in fighting the use of nondisclosure agreements in cases of sexual harassment. Spencer Platt/Getty Images45% of workers surveyed said they'd been subject to a nondisclosure agreement.39% of workers said they were bound by mandatory arbitration, according to a survey from Penn State.
More | Talk | Read It Later | Share
Trump's RTO order sparks both backlash and acceptance from federal workers: 'Everybody's trying to figure it out'
Business Insider, Thursday - 01/23/2025 - 04:00 AM
Commuters wait for the metro in Washington DC. John Greim/LightRocket via Getty ImagesPresident Trump issued an executive order requiring federal workers to return to the office full-time. Some workers told BI that it will be a major strain on commutes and family life. Others say they're willing to return to the office full-time, and see the value in the mandate.
More | Talk | Read It Later | Share
Global currencies are reshuffling amid tariff threats. Here's where the dollar and other major currencies could land.
Business Insider, Thursday - 01/23/2025 - 04:00 AM
blackred/Getty, PM Images/Getty, Tyler Le/BITrump announced 25% tariffs on Mexican and Canadian goods, impacting currencies. The Canadian dollar, Mexican peso, and Euro could fall further due to reliance on US trade. Economists worry tariffs could worsen inflation; Trump blames high energy prices. Headlines around immigration policies, pardons, and AI investment initiatives have flooded news feeds since Monday.
More | Talk | Read It Later | Share
A 59-year-old who can hold a plank for 4.5 hours and do 1,575 push-ups shares 3 tips for getting fit at any age
Business Insider, Thursday - 01/23/2025 - 03:12 AM
DonnaJean Wilde has two Guinness World Records, one for planking and one for push-ups. DonnaJean WildeDonnaJean Wilde, 59, holds the world records for the longest plank and most push-ups by a woman. She can plank for 4.5 hours and do 1,575 push-ups in an hour. She shared tips on how to get and stay strong at any age.
More | Talk | Read It Later | Share
Ukraine's French-trained brigade was meant to be a flagship project. Now its ex-commander is on bail for $2.1 million.
Business Insider, Thursday - 01/23/2025 - 02:53 AM
The 155th Mechanized Brigade is equipped with French weaponry like the self-propelled Caesar howitzer but has suffered from scandal since before it was deployed on the front lines. GENYA SAVILOV/AFP via Getty ImagesThe ex-commander of the 155th Mechanized Brigade has been arrested, with bail set at $2.1 million. Col. Dmytro Ryumshin led the "Anne of Kyiv" brigade until stepping down abruptly in December.
More | Talk | Read It Later | Share
Meta says it's not automatically making users' accounts follow Trump on Instagram and Facebook
Business Insider, Thursday - 01/23/2025 - 01:35 AM
Meta said its not making users automatically follow Trump. Jakub Porzycki/NurPhoto via Getty ImagesMeta said it's not secretly adding its users to President Donald Trump's followers list. People on Instagram and Facebook have said that they found themselves following Trump without intending to do so. Meta said follow and unfollow requests may take time to reset as the official accounts change hands to new administrators.
More | Talk | Read It Later | Share

Similar Stories to Here's Who Would Save Money With Trump's Plan To Eliminate Taxes On Tips on Bing News

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News