Reported about 2 months ago
Presidential candidates Kamala Harris and Donald Trump have proposed eliminating taxes on tips, a move that could benefit workers in the service industry by increasing their take-home pay. However, experts warn that it may lead to a significant revenue loss for the government and further inequality in the tax system, as not all workers who earn similar amounts would benefit equally. Critics express concerns over potential abuses of the proposed tax break, emphasizing a fairness issue within the tax code and calling for stricter regulations to avoid exploitation.
Source: YAHOO