Home United States USA — Financial Trump Proposes Eliminating Taxes On Tipped Wages

Trump Proposes Eliminating Taxes On Tipped Wages

75
0
SHARE

Trump held his first campaign rally since becoming a convicted felon in Las Vegas Sunday.
Topline
Former President Donald Trump on Sunday vowed that one of the first things his administration would do if he is elected would be changing federal laws to not tax workers who make a portion of their income from tips, specifically mentioning hotel workers and other restaurant employees.Key Facts

At a rally in Las Vegas, the first since the former president was convicted on 34 felony charges of falsifying business records, Trump said, “When I get into office, we’re not going to charge taxes on tips—people making tips.”

It was the first time Trump has ever mentioned changing tax law to benefit tipped workers and it wasn’t immediately clear exactly what policies he means to change.

He said taxing tips given to employees has “been a point of contention for years and years,” and said a break on taxes “really is deserved” for such workers.

Trump did not elaborate on the proposal at the rally and representatives for his campaign did not immediately respond to Forbes’ request for comment Sunday. Crucial Quote
“Those people who have jobs in restaurants, whatever the job may be, a tipping job, we aren’t going after for taxes anymore,” Trump said, a change he asserted would be made “right away.

Continue reading...