US Senate’s Stance on Tipped Income: No Tax on Tips? Unpacking the Complexities
US Senate’s Stance on Tipped Income: No Tax on Tips? Unpacking the Complexities The taxation of tips in the United States is a frequently misunderstood area of the tax code. While the common perception might be that tips are entirely tax-free, the reality is far more nuanced. The US Senate, like the rest of the…