All bonuses soon to be labelled as tips.
Doesn't change the fact that it is a terrible idea.
I am not sure if the money from such sources was ever taxed as income, but if so, then I wonder if such will be non-taxable now? Considering donation and tip buttons have some history behind them, perhaps such "jobs" could be considered "traditionally tipped jobs?"
> (h) Published List of Occupations Traditionally Receiving Tips.-- Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury (or the Secretary's delegate) shall publish a list of occupations which customarily and regularly received tips on or before December 31, 2024, for purposes of section 224(d)(1) of the Internal Revenue Code of 1986 (as added by subsection (a)).
~90% of tipped workers REPORT less than $61k in income already. At that income, you're barely paying much income tax anyway.
This is just a trick to make people think they wouldn't have to pay social security and Medicare - which is the main tax they're paying - when in reality, ~90% of tipped workers will get next to nothing.
Do they have a list of professions and industries eligible or are they going with weak “traditionally tipped “ language?
And we expect the DOGEd and defanged IRS to vigorously enforce?
Yes.
> And we expect the DOGEd and defanged IRS to vigorously enforce?
It's easy to enforce as written, even with a defunded IRS.
Whether or not it will be enforced is a different question entirely. My crystal ball isn't working.