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Why No Tax On Tips May Be Making America’s Tipping Problem Worse
CNBC· 2025-12-23 17:01
I'm Colin Sheedy. I work front of house at Burger Stand, Lawrence. I've been a tip worker for about five years.So I think the prospect of having to pay less in taxes is enticing. The new no tax on tips provision in the One big Beautiful bill allows tipped employees to deduct up to $25,000 from their federal tax filing each year. The program began in 2025 and is in place through 2028.This provision will increase average take home pay for tipped workers by $1,300 a year. But I think this is something that wil ...
X @Bloomberg
Bloomberg· 2025-12-23 16:05
Turkey raises the minimum wage for next year by 27%, broadly in line with market expectations https://t.co/gwpMHFpaTM ...
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Bloomberg· 2025-12-04 11:56
Hungary will raise minimum wages by a double digit margin next year as Prime Minister Viktor Orban’s government struggles to give momentum to a stagnant economy https://t.co/WCE9nmUUf9 ...
X @The Economist
The Economist· 2025-11-29 20:40
Under Labour the minimum wage has reached a point where a grad-schemer working late at a Big Four firm can earn less per hour than the person cleaning their office.Yet the party is haemorrhaging support to its left https://t.co/7dAwAHRjqi ...
X @The Economist
The Economist· 2025-11-26 20:00
Although raising minimum wages invariably polls well, electorates everywhere are also angry about soaring prices and a crisis of affordability. There are better ways to help low earners https://t.co/R8EKBapUiG ...
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Bloomberg· 2025-11-26 11:58
With another above-inflation increase coming from April, the UK's minimum wage remains among the most generous in the world. Yet if Chancellor of the Exchequer Rachel Reeves wants to tackle inflation, this is an odd way to go about it. https://t.co/OvHuITF6nI ...
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The Economist· 2025-11-25 22:40
Today on “The Intelligence”: the economic distortions of minimum-wage rises, the costs of getting AI to write a cover letter and Florida’s radical education experiment. Listen now https://t.co/SIfQQSv1EL ...
X @The Economist
The Economist· 2025-11-25 20:00
Although raising minimum wages invariably polls well, electorates everywhere are also angry about soaring prices and a crisis of affordability. There are better ways to help low earners https://t.co/pIqlHkhz9D ...
X @Bloomberg
Bloomberg· 2025-11-25 18:14
Britain will increase the minimum wage for workers aged 21 and over by 4.1%, in a bid to help low-earners that experts have warned would harm small businesses and stoke inflation https://t.co/ostFXImFTo ...
X @The Economist
The Economist· 2025-11-25 13:15
“There is a growing body of economic literature which finds that minimum wages have hidden costs.” @econcallum describes the distortions, on “The Intelligence” https://t.co/w84bTGESGx ...