US Vice President promises to remove taxes on tips for gaming industry workers

The US Vice President promised to remove taxes on tips received by employees in the hospitality and gaming industries during a campaign rally on Saturday in Las Vegas.

About sixty thousand workers in the gaming industry in Las Vegas and Reno are represented by the Culinary local chapter. Workers who perform housekeeping, cooking, bartending, waitstaff, portering, bellmaning, and laundry are considered labor members.

Over the following ten years, the budget deficit would increase from $150 billion to $250 billion if tips were excluded from taxable income.
 
This is a significant news because this industry generates a lot of revenue and that is why you will see the news of the tx being increased on such companies but never decreased at all even actually
 
Back
Top