No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, January 4, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Democrats Insist On Taxing Tips        

by TheAdviserMagazine
3 weeks ago
in Economy
Reading Time: 2 mins read
A A
Democrats Insist On Taxing Tips        
Share on FacebookShare on TwitterShare on LInkedIn


Democratic states are insisting on taxing tips to defy Donald Trump. That’s right—a popular piece of legislation that is seemingly bipartisan has been met with partisan defiance from blue states with representatives who favor rebelling against Trump over the well-being of their constituents.

The One Big Beautiful Bill includes a No Tax on Tips stipulation that prevents the IRS from grabbing cash tips under $25,000. Linemen and factory workers are not taxed on overtime under this bill as well. Illinois, Maine, New York, California, Massachusetts, Connecticut, Hawaii, and the District of Columbia are deliberately preventing residents from enjoying this tax break without valid cause.

Illinois claims it needs to continue taxing tips at the state’s 4.95% flat income tax level because the state needs the revenue. Common sense shows us that governments ALWAYS spend more than they earn in taxation. Senator Craig Wilcox is attempting to introduce legislation to push back against Governor JB Pritzker and the Illinois Democrats. “This is effectively a tax hike on the people who can least afford it,” Wilcox stated. “Democrats cannot claim to support working men and women while blocking measures that would provide real, substantive relief.

Waiters

Colorado maintains it is “decoupling” from federal tax provisions, formalizing taxes on tips and other forms of income. Governor Jared Polis of Colorado said that the change would cost the state $90 million annually, and the state should decide how it steals and redistributes money through social programs. Fields of Advance Colorado accused lawmakers of “balancing the budget on the backs of workers” as legislators passed bills such as HB 1296 that demand the state receive a portion of overtime pay.

New York Comptroller Thomas DiNapoli criticized the tax deduction as perhaps too democratic. Only 6% of New York workers receive taxable tips, after all, and they apparently deserve to be shaken down by Uncle Sam like the rest of us.

These governors are admitting that their budget deficits are too steep to benefit the people in any way. These are the same people who tout raising the minimum wage during campaigns to pretend they are for the working man. A majority of these unfunded state budgets are spent on social programs. There is simply no logic to this political theatre aside from “anything but Trump.”



Source link

Tags: DemocratsinsistTaxingTips
ShareTweetShare
Previous Post

UK To Monitor Citizens’ Emotions Through CCTV Footage

Next Post

10 things lower middle class people do to stretch every dollar — and why they’re actually genius

Related Posts

edit post
Why Did Trump Really Take Venezuela? It Wasn’t Just Oil!

Why Did Trump Really Take Venezuela? It Wasn’t Just Oil!

by TheAdviserMagazine
January 4, 2026
0

The relationship between Venezuela and Russia and China represented one of the most significant geopolitical realignments of the 21st century,...

edit post
Links 1/4/2026 | naked capitalism

Links 1/4/2026 | naked capitalism

by TheAdviserMagazine
January 4, 2026
0

A Shaolin kung fu master shows how it’s done. pic.twitter.com/cNxmz9xKRr — Science girl (@sciencegirl) January 3, 2026 U.S. Delta Force...

edit post
The Sunday Morning Movie Presents: A Child’s Garden And The Serious Sea (1991) Run Time: 1H 31M

The Sunday Morning Movie Presents: A Child’s Garden And The Serious Sea (1991) Run Time: 1H 31M

by TheAdviserMagazine
January 4, 2026
0

Welcome gentle readers to another installment of the Sunday Morning Movie. Today it’s an experimental piece: A Child’s Garden and...

edit post
Trump DHS Post Calling for ‘100 Million Deportations’ Suggests Intent to Kick Out Nonwhite Citizens

Trump DHS Post Calling for ‘100 Million Deportations’ Suggests Intent to Kick Out Nonwhite Citizens

by TheAdviserMagazine
January 4, 2026
0

Conor here: It’s getting increasingly difficult to separate the trolling from the policy. This appears intended to strike fear into...

edit post
Silver’s Growing Pains | Mises Institute

Silver’s Growing Pains | Mises Institute

by TheAdviserMagazine
January 3, 2026
0

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...

edit post
Trump Invades Venezuela | Armstrong Economics

Trump Invades Venezuela | Armstrong Economics

by TheAdviserMagazine
January 3, 2026
0

QUESTION: What a way to start the new year with fireworks. And they waited for the markets to be closed to...

Next Post
edit post
10 things lower middle class people do to stretch every dollar — and why they’re actually genius

10 things lower middle class people do to stretch every dollar — and why they’re actually genius

edit post
How to protect yourself from identity fraud in Canada

How to protect yourself from identity fraud in Canada

  • Trending
  • Comments
  • Latest
edit post
How Long is a Last Will and Testament Valid in North Carolina?

How Long is a Last Will and Testament Valid in North Carolina?

December 8, 2025
edit post
80-year-old Home Depot rival shuts down location, no bankruptcy

80-year-old Home Depot rival shuts down location, no bankruptcy

January 4, 2026
edit post
In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

December 14, 2025
edit post
Democrats Insist On Taxing Tips        

Democrats Insist On Taxing Tips        

December 15, 2025
edit post
Detroit Seniors Are Facing Earlier Shutoff Notices This Season

Detroit Seniors Are Facing Earlier Shutoff Notices This Season

December 20, 2025
edit post
Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

December 27, 2025
edit post
Why Did Trump Really Take Venezuela? It Wasn’t Just Oil!

Why Did Trump Really Take Venezuela? It Wasn’t Just Oil!

0
edit post
PwC ramps up digital assets work under revised US regulatory environment

PwC ramps up digital assets work under revised US regulatory environment

0
edit post
10 Pennies & Quarters in Your Pocket RIGHT NOW Worth Up to ,000 – Don’t Toss Them!

10 Pennies & Quarters in Your Pocket RIGHT NOW Worth Up to $10,000 – Don’t Toss Them!

0
edit post
Attorney Fees in Tax Litigation: Jury Says Yes, Judge Says No – Houston Tax Attorneys

Attorney Fees in Tax Litigation: Jury Says Yes, Judge Says No – Houston Tax Attorneys

0
edit post
Bharat Coking Coal fixes IPO price band at Rs 21-Rs 23 per share for Rs 1,071 cr issue

Bharat Coking Coal fixes IPO price band at Rs 21-Rs 23 per share for Rs 1,071 cr issue

0
edit post
Crude oil prices rise after Maduro ouster as Wall Street braces for jobs data

Crude oil prices rise after Maduro ouster as Wall Street braces for jobs data

0
edit post
Why Did Trump Really Take Venezuela? It Wasn’t Just Oil!

Why Did Trump Really Take Venezuela? It Wasn’t Just Oil!

January 4, 2026
edit post
Bharat Coking Coal fixes IPO price band at Rs 21-Rs 23 per share for Rs 1,071 cr issue

Bharat Coking Coal fixes IPO price band at Rs 21-Rs 23 per share for Rs 1,071 cr issue

January 4, 2026
edit post
Crude oil prices rise after Maduro ouster as Wall Street braces for jobs data

Crude oil prices rise after Maduro ouster as Wall Street braces for jobs data

January 4, 2026
edit post
6 Real Ways to Make 0 A Day

6 Real Ways to Make $500 A Day

January 4, 2026
edit post
Week 1: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

Week 1: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

January 4, 2026
edit post
Rubio suggests the U.S. won't govern Venezuela day-to-day and will use oil quarantine to exercise control

Rubio suggests the U.S. won't govern Venezuela day-to-day and will use oil quarantine to exercise control

January 4, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Why Did Trump Really Take Venezuela? It Wasn’t Just Oil!
  • Bharat Coking Coal fixes IPO price band at Rs 21-Rs 23 per share for Rs 1,071 cr issue
  • Crude oil prices rise after Maduro ouster as Wall Street braces for jobs data
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.