AdMore3461
AdMore3461 t1_j5vdvu2 wrote
Reply to comment by YoThatsFed in The transition to digital currency is terrible for homeless people. by YoThatsFed
Yes, it’s taxed. Technically even cash tips are supposed to be reported and taxed, but realistically most cash tips get pocketed and not reported. Tips on cards tend to be reported to the tax services by the employer, so they have to be claimed and taxed.
AdMore3461 t1_j5vgvrm wrote
Reply to comment by YoThatsFed in The transition to digital currency is terrible for homeless people. by YoThatsFed
Yeah, I’m not mad at anyone underreporting tips on taxes either. I think the US tip/pay system is junk and needs to be scrapped anyways.