{"id":11253,"date":"2024-10-16T12:21:27","date_gmt":"2024-10-16T17:21:27","guid":{"rendered":"https:\/\/www.rushworth.us\/lisa\/?p=11253"},"modified":"2024-11-08T12:32:38","modified_gmt":"2024-11-08T17:32:38","slug":"no-taxes-on-tips-over-time-etc","status":"publish","type":"post","link":"https:\/\/www.rushworth.us\/lisa\/?p=11253","title":{"rendered":"No Taxes on Tips \/ Over-Time \/ etc?"},"content":{"rendered":"\n<p>I&#8217;m curious if &#8220;no taxes&#8221; means <em><strong>no<\/strong><\/em> taxes or just no income tax (well, probably <em>state<\/em> tax &#8230; but that&#8217;s not something the federal government can easily control). When I was trying to support myself on minimum wage, it wasn&#8217;t federal income tax that was eating up my paycheck. It was some FICA thing &#8212; which I quickly learned was what funded social security and medicare. <\/p>\n\n\n\n<p>Either reducing &#8220;taxes&#8221; isn&#8217;t going to have as big an impact for lower income people as they might expect or they&#8217;re talking about impacting people&#8217;s future retirement benefits. Because &#8212; reducing the earnings could very well reduce your future social security income too. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.rushworth.us\/lisa\/wp-content\/uploads\/2024\/11\/ss_howmuchyouearn.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"554\" height=\"211\" src=\"https:\/\/www.rushworth.us\/lisa\/wp-content\/uploads\/2024\/11\/ss_howmuchyouearn.jpg\" alt=\"\" class=\"wp-image-11254\" srcset=\"https:\/\/www.rushworth.us\/lisa\/wp-content\/uploads\/2024\/11\/ss_howmuchyouearn.jpg 554w, https:\/\/www.rushworth.us\/lisa\/wp-content\/uploads\/2024\/11\/ss_howmuchyouearn-300x114.jpg 300w\" sizes=\"auto, (max-width: 554px) 100vw, 554px\" \/><\/a><\/figure>\n\n\n\n<p class=\"has-small-font-size\"><a href=\"https:\/\/www.ssa.gov\/pubs\/EN-05-10024.pdf\"><em>https:\/\/www.ssa.gov\/pubs\/EN-05-10024.pdf<\/em><\/a><\/p>\n\n\n\n<p>It may be nice, today, not to pay taxes on that income &#8230; but if your $2\/hr income is what is used to determine your retirement payments, that&#8217;s going to suck! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;m curious if &#8220;no taxes&#8221; means no taxes or just no income tax (well, probably state tax &#8230; but that&#8217;s not something the federal government can easily control). When I was trying to support myself on minimum wage, it wasn&#8217;t federal income tax that was eating up my paycheck. It was some FICA thing &#8212; &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[225],"class_list":["post-11253","post","type-post","status-publish","format-standard","hentry","category-politics","tag-tax-policy"],"_links":{"self":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts\/11253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11253"}],"version-history":[{"count":1,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts\/11253\/revisions"}],"predecessor-version":[{"id":11255,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts\/11253\/revisions\/11255"}],"wp:attachment":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}