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Reply to "Are Republicans thinking about killing tax breaks for 401k savings to pay for tax cuts?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I haven't heard about any tax cuts other than no taxes on tips and no taxes on overtime. The other rates are staying the same unfortunately. So it looks like any tax hikes are to deal with the budget deficit.[/quote] the "no taxes on tips" the way the GOP is introducing it, basically means that any executive can declare non-wage income as tips and have it be tax free. that isn't exactly what voters thought they were supporting in November.[/quote] Plenty of people called this scenario out when “no taxes on tips” was proposed. The people voting for it just didn’t care.[/quote]
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