The max deductible is $25k. Any tips after that are subject to the progressive tax rate.
You can only deduct from cash tips. In a society that's going cashless, this bill is not gonna have a big effect.
And, of course, this bill passed the Senate 100-0. When is congress ever this united over a bill that doesn't somehow screw over Americans?
Democrats probably like it because it's neutered and can then blame Republicans when people find out it's dogshit
Republicans will sell this as a win to their voters who believe any negative news is fake and you're just shilling if you say otherwise.
You read like controlled opposition. Or a cretinous moron.