Big Tipper Ron Paul

Article By Writer Kevin Clarke Author: Kevin Clarke
Published: September 26, 2007
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Introducing the Tax Free Tips Act : Ron Paul Speech to Congress
September 25, 2007

“Madam Speaker, I rise to help millions of working Americans by introducing the Tax Free Tips Act.

As the title suggests, this legislation makes tips exempt from federal income and payroll taxes. Tips often compose a substantial portion of the earnings of waiters, waitresses, and other service-sector employees. However, unlike regular wages, a service-sector employee usually has no guarantee of, or legal right to, a tip. Instead, the amount of a tip usually depends on how well an employee satisfies a client. Since the amount of taxes one pays increases along with the size of tip, taxing tips punishes workers for doing a superior job!

Many service-sector employers are young people trying to make money to pay for their education, or single parents struggling to provide for their children. Oftentimes, these workers work two jobs in hopes of making a better life for themselves and their families. The Tax Free Tips Act gives these hard-working Americans an immediate pay raise. People may use this pay raise to devote more resources to their children’s, or their own, education, or to save for a home, retirement, or to start their own businesses.

Helping Americans improve themselves by reducing their taxes will make our country stronger. I, therefore, hope all my colleagues will join me in cosponsoring the Tax Free Tips Act. ”

From Ron Paul Library.

here is the current laws regarding tips earned by wait staff workers.

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One Response to “Big Tipper Ron Paul”

Dave on September 27th, 2007 12:42 am

FYI, here is the HR# and title of the bill:

H.R.3664 : To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes.

Sponsor: Rep Paul, Ron [TX-14] (introduced 9/25/2007) Cosponsors (None)
Committees: House Ways and Means
Latest Major Action: 9/25/2007 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Source:
http://thomas.loc.gov

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