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Ep.41 - Tax-Free Tips: Political Promises or Practical Solutions?
Manage episode 435397141 series 3527195
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Can both presidential candidates deliver on their promises to stop taxing earned tips, or is it just another campaign soundbite? The idea of cutting taxes on earned tips sounds great in a campaign speech, but is it really that simple? We break down the logistics of implementing such a change and ask the tough questions: What would it take to make it happen, and what’s at stake for service workers, business owners, and taxpayers? Uncovering the potential benefits and unintended downsides that might come with this significant policy shift.
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