Connect with us

Hi, what are you looking for?

Business / Economy News

Matt Gaetz Submits Bill to Exempt Tips from Taxation

Florida Congressman Matt Gaetz (R) and his Republican colleague Thomas Massie (KY) introduced the Tax Free Tips Act of 2024.

“As the cost of living continues to rise, the hardworking men and women in the service industry, many of whom may be working a second job to make ends meet, must be allowed to keep every dollar of tip money they earn,” Gaetz said. “I am proud to join with Rep. Thomas Massie in co-leading this important tax-relief legislation.” 

The bill aims to provide financial relief to service-industry workers by eliminating federal income and employment taxes on their tips. It follows President Donald Trump’s recent announcement that eliminating the tax on tips is one of his top legislative priorities for a potential second term. Rep. Marjorie Taylor Greene (GA-14) is an original co-sponsor.

<

“Ron Paul had it right and so does Donald Trump,” said Rep. Thomas Massie (R-KY). “Taxing tips is regressive and goes against American tradition. But now digital payments allow the government to tax every transaction, even those that historically have not been taxed. With inflation raging, it only makes sense to eliminate the tax on tips and provide relief to working folks.”

Full text of Congressmen Gaetz and Massie’s legislation can be found HERE

*The link takes you to this product on Amazon. We are on Amazon Associates. As an Amazon Associate I earn from qualifying purchases.

Archives

Related Articles

Trending News

Former Florida Congressman Matt Gaetz is considering a bid for Florida governor in 2026, despite facing significant legal and ethical controversies.Gaetz served Florida’s 1st...

Popular Stories

From Florida’s aerospace industry to a local housing development, several sectors in the state are feeling the effects of higher tariffs.A recent website post...

Popular Stories

The White House is considering forming a presidential commission that could set new rules on how colleges and universities compensate school athletes.Yahoo.com reports that...

Florida Government & Politics

The Florida State House has formed The House Select Committee on Property Taxes.The plan is to give voters plenty of time to hear both...

Advertisement
Florida Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

HOW WE COLLECT E-MAIL INFORMATION:

If you sign up to subscribe to Florida Daily’s e-mail newsletter, you will provide us your e-mail address and name, voluntarily, and we will never obtain any of your contact information that you don’t voluntarily provide.

HOW WE USE AN E-MAIL ADDRESS IF YOU VOLUNTARILY PROVIDE IT TO US:

If you voluntarily provide us with your name and email address, we will use it to send you one email update per weekday. Your email address will not be given to any third parties.

YOUR CONTROLS:

You will have the option to unsubscribe to our E-mail update at anytime by clicking an unsubscribe link that will be provided in each E-Mail we send.