The Trump Deduction: A simpler path to tax-free tips and overtime
Fox News
A "Trump Deduction" could offer a simpler alternative to tax-free tips and overtime pay while still fulfilling the president's campaign promise with less budget impact.
Brandon Arnold is the Executive Vice President of the National Taxpayers Union, a nonprofit dedicated to lower and fairer taxes at all income levels.
Tax-free tips and overtime are politically popular, but messy and problematic in almost every other way imaginable.
They are exceedingly complicated from an administrative perspective, as employers and employees will undoubtedly go to great lengths to reclassify earnings as tipped or overtime pay. This is going to create a nightmare for the IRS, which is already one of the most incompetent agencies in the federal government.
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