S.129 - 199TH CONGRESS
NO TAX ON TIPS ACT

SUMMARY: No Tax On Tips

The Bill states tips over $25,000 will have a deduction. No tax on cash tips. Cash made in $25,000 that are claimed at the end of the month. The current law explains tips made over $20 must be claimed. Who makes $25,000 in cash tips? Must be a way to terminate money laundering business clamations. They are so loud the government is looking into the businesses making $25,000 in cash tips a month.