I agree with u/DefinitelyNotIGN, if there's no cap, then this gets abused. I could see a scheme where a company pays their employees minimum wage, then forks them their real salary under the table, bypassing taxes all together.
Or 12 bucks an hour, assuming you're working 8 hours a day, 5 days a week, AND being paid tips on all your sick days and vacation days.
Gonna toss this out here... If you're making more than 12 bucks an hour in tips alone with all those stipulations... I think you're good to pay some taxes. There needs to be a cap, because politician bribes are also tips, and the IRS needs that window the threaten politicians to increasing their budget every year.
that's what this is for https://legiscan.com/US/bill/SB129/2025
It's limited to $25,000
25k in tip money. that's a hell of a lot.
I agree with u/DefinitelyNotIGN, if there's no cap, then this gets abused. I could see a scheme where a company pays their employees minimum wage, then forks them their real salary under the table, bypassing taxes all together.
Or 12 bucks an hour, assuming you're working 8 hours a day, 5 days a week, AND being paid tips on all your sick days and vacation days.
Gonna toss this out here... If you're making more than 12 bucks an hour in tips alone with all those stipulations... I think you're good to pay some taxes. There needs to be a cap, because politician bribes are also tips, and the IRS needs that window the threaten politicians to increasing their budget every year.
Minimum Wage in Washington and Florida is $15.
So they're making at least 27 bucks an hour waiting tables? Well, good for them.