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For those waiters pulling in a grand a week or more in tips, I wonder how much of that cash appears in Box 1 on their W2 or tax return...
I'm not a waiter but crewing on and running a charter boat a large percentage of my income had been in tips, especially when a mate on an offshore charter boat. That being said, I report all tips as it is income. Yes, some don't but they are only hurting themselves.
As a self employed seasonal fisherman I have gotten a mortgage, several trucks new and 2 boat loans as well as credit cards. If I never reported those tips I would not have gotten that. I got approved for my mortgage at the end of 2010, when they were hard to get, especially for the self employed!
IMO, if one doesn't report their tips, they aren't thinking ahead! How can one buy a house with little t no income?
I know in some restaurants,the waiter/waitress does not get paid from the employer,he/she relies strictly on tips.
Is this legal,or it is between the employer and employee?
One waitress was so angry after serving a party at a buffet place and received no tip,she chased them into the street shouting Dont call Back,dont come back.
She was fired !
The American tipping system is BS. Pay your people a living wage and factor that price into your menu. Super Simple Stuff
The American tipping system is BS. Pay your people a living wage and factor that price into your menu. Super Simple Stuff
Markets determine wages ...
A job is only worth what it is worth , not what it takes you to live ....that which anyone can do or that which we can do for ourselves are worth very little .
In the land of the blind the one eyed man is king .
If we all had some disease and could not move our arms those who could pour coffee would get paid like doctors.
Tipping is a way for many low level jobs to get more than they are worth
Maybe the waitress should get a lobbyist since you say it’s so lucrative.
Your flippancy is rather astounding. Bet it sounded pithy in your head.
Quote:
One of the biggest “loopholes†for Amazon is equity compensation deductions. Everyone gets all up in arms about the billions in tax deductions they take for this expense. No one ever mentions that for every dollar of expense, someone had to recognize a dollar of taxable income, usually at a much higher individual tax rate than the 21% corporate rate. And they had to pay Medicare and the additionalObamacare payroll taxes or Social Security on top of it. The government probably nets close to 20% on these “loophole†deductions.
Take the sum total of Olympia Diner waitresses who underreport their tips, and the same argument could be made. Every dollar of tax money they keep is a dollar less the government has to dole out in benefits or subsidies. Heck, the government even saves on administration costs for benefits not doles out. Win-win.
Your flippancy is rather astounding. Bet it sounded pithy in your head.
No, just seemed like an appropriate response to your whining post.
Quote:
Originally Posted by jtab4994
Take the sum total of Olympia Diner waitresses who underreport their tips, and the same argument could be made. Every dollar of tax money they keep is a dollar less the government has to dole out in benefits or subsidies. Heck, the government even saves on administration costs for benefits not doles out. Win-win.
Not sure how paying tax and not paying tax equate to being the same argument.
Sounds like your plan is everyone should be able to determine their own level of benefits they're entitled to before they have to start paying taxes. Brilliant idea, it's a wonder no one's proposed this before.
The biggest problem I have with tipping is it's based on the amount of the bill and not the work required to provide the service. Just to compare typical chain places (so we're not skewing it by very high end numbers), it takes no more effort to take my order and bring out the food & drinks at Red Lobster than at Cracker Barrel. Yet the bill for the same family of four at Red Lobster will be at least twice as much as at Cracker Barrel therefore the tip is typically twice as much. For the same level of effort. In fact I'd argue the server at Cracker Barrel is working harder because they turn tables faster.
I agree with you but let me offer an alternative viewpoint. If tips are double for the same work at Red Lobster then a RL job will be much more desired by servers than a CB job. In theory, RL will be able to hire servers that are cream of the crop while CB might have to settle for RL rejects. So the server talent and service should be superior at RL. I'm not saying the theory always plays out in practice.
Sorry, mathism, the shorthand "!=" means "does not equate to"
For those waiters pulling in a grand a week or more in tips, I wonder how much of that cash appears in Box 1 on their W2 or tax return...
When I was pulling in a grand a week in tips, I didn't worry about reporting it because almost all of it was on credit cards, so reported for me.
Thank goodness, or I wouldn't be retired now.
And just so you all know, it was NOT "more than I was worth" LOL. You elitists!
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