Article

2023-02-11 Economy

'So Much For Billionaires: Joe Biden's IRS Is Now Coming For Waiters And Waitresses' Tips

[ZERO] The Biden administration's lip service about new IRS enforcement only being targeted toward the country's wealthiest appears to be just that: lip service.

Instead, while we have been distracted with rhetoric about billionaires paying their fair share, the Biden Administration's IRS is actually looking to stock its coffers with the tips of waiters and waitresses across the country. This newly planned targeting of middle-class Americans was proposed this week.

Earlier this week the IRS proposed a new procedure to "improve tip reporting compliance", as they so brilliantly put it. Fox News reported:

As part of the program, which wouldn't go into effect until after a multi-month public comment period, the IRS could withdraw liability protection related to "rules that define tips as part of an employee's pay" from employers that don't cooperate.

The program can't go into effect until it makes it through a multi-month comment period, Fox News reported.

Rep. Mike Kelly, R-Pa., the chairman of the Ways and Means Subcommittee on Tax, told Fox this week: "Washington has a spending problem, not a revenue problem. Now, the IRS is going after middle-income families and working moms and dads who are just trying to make ends meet and put food on the table."

"My colleagues and I have warned for months that the IRS would start targeting hardworking Americans in the Biden administration’s quest for more taxpayer dollars. Now, we’re starting to see some of these concerns come to fruition," he continued.

Posted by Besoeker 2023-02-11 01:38|| || Front Page|| [11162 views ] Top

#1 Pay your restaurant bill by card. But tip the hard working wait staff with cash.

Posted by Mad Eye Omeretch7959 2023-02-11 01:52|| 2023-02-11 01:52|| Front Page Top

#2 It doesn’t matter. Even if there is no record, the IRS assumes that tips were paid and taxes them anyway.

Posted by trailing wife 2023-02-11 01:55|| 2023-02-11 01:55|| Front Page Top

#3 ^ And now it looks like those assumptions are about to take on a whole new set of parameters.

Posted by Rex Mundi 2023-02-11 10:03|| 2023-02-11 10:03|| Front Page Top

#4 What does Joe pay in taxes? Let's take a deep dive into his income including the laundered money.

Posted by JohnQC 2023-02-11 11:08|| 2023-02-11 11:08|| Front Page Top

#5 Also double-digit tax increases on electricity and NG,effective 1/1/2023. To pay for the Inflation Reduction Act.

Posted by Regular joe 2023-02-11 15:04|| 2023-02-11 15:04|| Front Page Top

#6 "You will be Unionized and love it!" says the Statists -- no business too small to be made into a collective.

Posted by magpie 2023-02-11 21:16|| 2023-02-11 21:16|| Front Page Top

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