Im not hearing a tax cut or no tax on low income people working minimum wage. All i hear is for businesses and things of that sort.
Discussion
Duh. Nothing actually changes.
Other than I'm not filing to pay taxes on my doordash earnings.
They'll us it for dumb shit.
History proves it.
🤣
What I'm hearing that is either helpful for the lowest earners or unhelpful to "businesses and things of that sort":
No tax on:
- tips
- overtime
- minimum wage
Tax loopholes proposed closed:
- carried interest tax deduction
- sports team owners special tax break
These are among the proposals so far, though Congress would need to act to make it happen.
You won't hear it on Reddit, I'm sure.
https://www.axios.com/2025/02/06/trump-no-tax-on-tips-social-security-overtime
God dammit i typo'd "minimum wage" i meant "social security" for the third bullet, my bad
Low income people are covered under standard deduction..