See every side of every news story
Get Started
SubscribeLogin
Israel-Hamas Conflict
Baseball
Natural Disasters
Stock Markets
Social Media
Tariffs
UK Economy
Taxes
Soccer
Donald Trump
Education
Senate
Artificial Intelligence
Published • loading... • Updated

Trump wants to kill tax on tips. That could save Americans over $100 billion over the next decade—but experts warn it’ll make tipping culture so much worse

Summary by Fortune
Trump’s proposed elimination of taxes on tips could boost the finances of select Americans. But it could also worsen tipping fatigue—which 9 in 10 Americans already think is out of hand—and make it even easier for the wealthy to avoid paying taxes. As a presidential candidate, Donald Trump made a bold promise: to eliminate taxes on tips.  On paper, the policy change sounds like a slam dunk by reducing the tax burden on Americans working in servi…

2 Articles

All
Left
Center
1
Right
FortuneFortune
Center

Trump wants to kill tax on tips. That could save Americans over $100 billion over the next decade—but experts warn it’ll make tipping culture so much worse

Trump’s proposed elimination of taxes on tips could boost the finances of select Americans. But it could also worsen tipping fatigue—which 9 in 10 Americans already think is out of hand—and make it even easier for the wealthy to avoid paying taxes. As a presidential candidate, Donald Trump made a bold promise: to eliminate taxes on tips.  On paper, the policy change sounds like a slam dunk by reducing the tax burden on Americans working in servi…

·New York, United States
Read Full Article
Rock River CurrentRock River Current

'I don't care if it's perceived as a Trump idea': Loves Park Democrat proposes cutting state taxes on tips

State Rep. Dave Vella announces an $800,000 state grant on Friday, Jan. 7, 2021, to support improvements at Shorewood Park in Loves Park. This week Vella has proposed ending state income tax on tips. (Photo by Kevin Haas/Rock River Current) By Kevin Haas Rock River Current Get our mobile app ROCKFORD — Workers in Illinois would no longer pay state income tax on tips under a proposal introduced this week by state Rep. Dave Vella. The Democratic P…

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Fortune broke the news in New York, United States on Thursday, March 20, 2025.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

Similar News Topics

Donald Trump

Donald Trump

United States

United States

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.

News
For You
SearchBlindspotLocal