Why ‘no tax on tips’ isn’t as helpful as you think скачать в хорошем качестве

Why ‘no tax on tips’ isn’t as helpful as you think

Trump just eliminated taxes on tips, making good on one of his promises during the 2024 campaign. The law aims to provide relief for millions of service workers. But experts say that its effect will be limited — more than a third of service workers in the U.S. earned too little to pay taxes on their tips anyway, according to the Budget Lab at Yale University. Instead, some are calling for a longer-term solution to help service workers. Europe offers a model for a different approach to tipping — and service work. -- Subscribe: https://www.bit.ly/3L0j2Ro Watch more videos: https://www.bit.ly/3FPmblU Visit our site: https://www.context.news/ — We make short documentaries, explainers and original series for people who care about the world’s biggest challenges. Context is anchored around three of the most significant and interdependent issues of our time: climate change, the impact of technology on society and inclusive economies. We contextualize how critical issues and events affect ordinary people, society and the environment. Context is a media platform brought to you by the Thomson Reuters Foundation, the corporate foundation of Thomson Reuters, the global news and information services company. Through journalism, media development, free legal assistance, and convening initiatives, we combine our unique services to drive systemic change.