Eliminate the tipped minimum wage, it permanently enshrines precarity in the law and we shouldn't accept it in a just societyhttps://twitter.com/mdc/status/1372312674588098562 …
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I'm all for moving to a tipless restaurant industry in the US. But many workers like it for the... Cough cough... Tax advantages
The marginal tax rate for someone working min wage is 12%, if you take in $100/shift in tips thats only $12/shift in tax savings, and that's assuming it's all in cash which it isn't... Tipped workers would net out quite a lot better than that if they got an even $15/hr
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This is of course setting aside extreme cases like high-end strippers, who do realize significant tax savings via undeclared cash tips
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literally who is saying that even??
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Marginal calc include fica? But ya, I can see it being the optimal decision yet the physical allure of cash being a psychological illusion
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Ah yeah forgot payroll taxes, fair enough, but the point stands, you would have to be making quite a lot in cash tips for it to be worth it because of tax evasion. Plus your income isnt secure in the same way that it would be if it was guaranteed by law
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