August 16, 2024 • 28 mins
Trump's idea and it's terrible.
Harris' idea and it's innovative.
Whichever of them gets credit (or blame), I'm not sure I am onboard with the idea of tax-free tips
Harris' idea and it's innovative.
Whichever of them gets credit (or blame), I'm not sure I am onboard with the idea of tax-free tips
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Greeting salitations. Welcome my friends to the Thursday edition Up
the Power Hour on six ten WTVN. I'm Chuck Douglas.
You know who you are. We take it from there.
We get one hour together, so I talk really fast,
and you must listen even faster. My number area code
sixty one four eight one nine eight eighty six. That's
eight to one WTVN or eight hundred six ' ten WTVN.
(00:25):
Before we get into the taxing tips thing. By the way,
you're welcome to get in line right now. Just I mean,
the earlier you call, the better your chances of getting on.
I do everything I can to get people on before
I have to leave in this hour. But if you
wait till the last five minutes, your your your your
chances are dismal. I'm just I'm being honest, being honest
with you. So you want to get in early, grab
(00:47):
that line while you can hold on to it, and
I will do everything I can to get you on
because I want to talk about the you know, the
taxing tips thing, which when Donald Trump said it was
a terrible idea tax free tips, and he was, he was.
He was obliterated by several different media sources, including CBS News,
which is probably getting the most flack of all of them.
(01:09):
Kamala Harris came up with the same idea afterwards, and uh,
and that same organization, CBS News, praised the idea. That
just shows you how partisan the media is. It really does.
Mss Harris gets the cover of Time magazine the beautiful.
(01:30):
Did you see the picture of her on Time magazine?
That artist rendition of her was just yeah, what did
you say her Time or something like that.
Speaker 2 (01:38):
I don't know. I just saw the picture.
Speaker 1 (01:40):
When they put Donald Trump on the cover of Time magazine.
It looked like you remember those shirts they used to
have that were smeared with colors. It said, I ran
into Tammy Faye at the mall. That's what the Trump
picture on Time Magazine's cover looked like. Yeah. And Donald
Trump right now doing a Q and A. In fact,
I think he just wrapped it up. If I'm not mistaken.
(02:01):
He taking questions, what do you want to talk about?
Let's talk about and you know what are we twenty
seven days in now and ms Harris has yet to
hold a press conference, sit down and answer any questions.
I just think the you know, the smoke and mirrors.
Thing is only going to last so long before people
(02:21):
understand the emperor has no clothes at least I hope.
So nonetheless, be diligent, be vigilant, vote early, get your
vote in there. Do not wait for them to declare
a monkey pox epidemic, pandemic, non voting demic to keep
you away from the polls come November. Get it done now,
(02:43):
get it done now. Voting starts early, voting starts what
September I want to say sixth I have to go
back and check that. But take advantage of the opportunity.
The other side of the political spectrum has been taking
advantage of the opportunity for several years and beat us
about the head and shoulders with that stick. It's time
we turn that stick around in our favor. Taxing tips.
(03:08):
I've been thinking about this a great deal, don would.
One of my Facebook connections brought it to the table
last night, and I decided, yeah, it's time to talk
about it because I am not I am not declared
on other you know, one side or the other. I
think income should be income. The ridiculous arguments that we
(03:31):
have heard in the past, you know, worry, it's not
right our system where Warren Buffet secretary pays more income
tax than Warren Buffet, dies more smoke and mirrors. Warren
Buffett pays way more in taxes than his secretary pays. However,
they're not income taxes, dividend tax, capital gain tax, all
(03:54):
kinds of taxes that he pays because the salary he
takes from Berkshire half the way is neglible. He gets
his money from stocks, so he's paying taxes on the stocks.
He's paying real estate taxes on whatever properties he owns,
although he's not a flamboyant person. Last time I heard
he still lived in the house he grew up in
(04:14):
or something like that. But he does pay taxes. The
trouble is we have all these different types of money.
I think that's like the first step. That's the first
thing that we ought to do. If there's somebody could
wave a wand and reform the tax system if money
(04:35):
and listen closely. This is because I know, especially people
like Zach have trouble with things. If money is coming in, yeah,
that so far, az thatch.
Speaker 3 (04:45):
Huh.
Speaker 1 (04:46):
If money is coming in, okay, we will call that income.
Got it, period, that's it. Whether it's taxes, wages, self employment,
ten nine commissions on sales, interest on your your savings account,
or if you ever have any again, proceeds from from
(05:11):
selling something. Whatever. If money comes in, it is in come. Okay. Secondly,
take whatever they call the poverty rate in this country
and set an arbitrary figure. I don't care. One hundred
and twenty five percent, one hundred and fifty percent. Let's
(05:32):
let's let's be to say one hundred and fifty percent.
You are at one hundred and fifty percent of the
poverty level. Okay. Your first what's it cost to live? Well,
they say thirty five thousand dollars to sustain you know, groceries.
I don't know. Take that amount, whatever it is. You're
(05:53):
a one hundred and fifty percent. At one hundred and
fifty one percent, you pay twelve percent taxes, So you
get up to one hundred and fifty percent of poverty.
Make sure you're at least halfway over that poverty mark.
Then above that you pay taxes. What if you have
(06:16):
a big family, Well, the poverty rate is figured. That
number is figured on the number of people in your home.
Speaker 4 (06:22):
So for a.
Speaker 1 (06:22):
Family of four, you know the poverty level the national
poverty level would be whatever. Just I don't know the numbers.
I'm just saying, let's say it's seventy five thousand dollars
for a family of four. So anything up to one
hundred and fifty percent of seventy five thousand dollars for
that family of four, so ad another fifty percent what's
out one hundred and seven hundred and eight thousand dollars.
(06:44):
They can make up to that, and then after that
they would pay ten twelve percent taxes on the income.
If everybody was paying taxes and you would not have
a need to pay higher taxes. The same money would
(07:06):
be coming into the government coffers so that they could
waste it on whatever because more people would be participating.
So whether their taxes came from tips or wages or whatever,
they can make up to this amount and then pay
a lower tax rate after that amount. That just seems
(07:28):
sensible to me. To say somebody's tips should not be
taxable does not make sense to me. I've tried to
make it make sense, and I understand they work for
a lower minute or lower hourly wage because they are
tipped employees. I get that that's the line of work.
They've chosen to go into. That's one of the rules,
(07:48):
that's one of the ways it works. You may so
you can make whether it's through your tips or your
salary or whatever, you can make up to this amount
and then after that you pay a tax. Does that
not makes sense to U?
Speaker 5 (08:00):
Zachary?
Speaker 1 (08:01):
Sounds perfectly legitimate, Okay, which is why I can never
hold public office because this does seem to make sense
to me. Maybe it doesn't make sense to you. I
would love to hear your thoughts seriously. A two one
nine eight eight six eight two one WTV and we've
got a few standing by already. Let's go to the
Legacy Retirement Group dot com phone lines and Sean, you're
on six ten double ETV at.
Speaker 5 (08:20):
High good afternoon for lievening.
Speaker 6 (08:27):
So well.
Speaker 5 (08:27):
Basically servers. I used to serve two jobs, Olive Garden
and bualos back in the day at Easton And any
server that has tips bartenders, and this is going to
go with cash tips itself, they don't pay tax on
those tips. I mean roughly about I would say ninety
(08:49):
of tips are not reported for taxation.
Speaker 1 (08:52):
Well that's that's a human that's a human treat people
have money coming in all the time that they're not reporting.
Speaker 5 (08:58):
So at the end of the night, the tips that
the taxes that I would end up paying on my
paycheck would be the ones that were on credit cards.
Then I can adjust that and then adjust that amount
by roughly about ten percent. So that's why it's pointless
to say we're not going to tax tips because servers
ninety percent of those tips never get reported and are
(09:20):
never taxed.
Speaker 1 (09:21):
Let me ask you this, though, Shawn, Now, from your
experience in that industry, if you knew that you could
make one hundred and fifty percent or whatever, the power.
So let's say it's you and are you married. I
am okay, So you and the spouse and you could
make you know, seventy eight thousand dollars between your wages
and your tips and everything before you had to pay
a dollar in taxes. Wouldn't you be more apt to
(09:43):
claim your tips then and go, well, yeah, that's cool,
I'm making a decent living. I can pay my bills.
Wouldn't you be able to? I think people would be
going to have to be honest about it.
Speaker 5 (09:53):
Yes, because right, well, I'll be honest. I'm married, I
have four kids, one of my kids is currently going
to college, and the other two ones in high school
and the other ones in middle school, and then the
other one is going to go into.
Speaker 1 (10:04):
Kindergartenstances, you could probably make that twelve million a year
without exit.
Speaker 5 (10:09):
Well yeah, but like to like just being straight up
and honest, that plan would be awesome.
Speaker 6 (10:14):
It would be great.
Speaker 5 (10:15):
It would be fabulous. It would help with especially how
things are expensive and how things have skyrocketed so much.
If I didn't have to pay any taxes, it would help.
I mean, my ap alone is like those like four
hundred and some on dollars just because of thirty five
percent increase rate that they did themselves. But yes, that
would definitely help. And I would definitely vote for you
(10:36):
for for office.
Speaker 1 (10:38):
Thank you, Sean. I appreciate that. If I ever get
foolish enough to run, I will hold you to it.
A two eight six eight two one DOUBLETVN and air
in You're on six to NUBTVN.
Speaker 4 (10:47):
Hey, great topic, Chuck, great show, thank you, sir. Hey,
hey U. So while I appreciate the sentiment, all I
don't I don't see you know, I was a waiter
too for a long time when I was going through
high school and college and I only had to declare
eight percent of my tips and that was only if
they were on credit cards. Now, I appreciate the lowering,
(11:12):
you know, the taxes and on tips and stuff, and
I appreciate what it's trying to do, but that's not
going to do anything for the state taxes. The state's
still going to charge tax on those tips. And and
you know, did you guys just point before, If you
don't declare all the money you make, how are you
going to buy a house because you got to explain everything.
(11:34):
I mean, you're really you know right, you gotta explain
all the money coming in.
Speaker 1 (11:38):
And that's what I'm saying. I think people would be
more apt to be honest about their tips coming in.
But you if you want a higher credit score, if
you want to qualify for a MORGE, you're going to
be honest about it. But if you can be honest
while not making yourself live in poverty, then you know,
everybody wins there.
Speaker 4 (11:56):
Well. And another thing is I really don't think a
very a large, a influenceable section of the population relies
on that. I mean, don't get me wrong. There are
sectors and stuff that just that do a lot of
hospitality and that kind of stuff. But the majority, I
(12:16):
mean those the server jobs or second jobs, or or
or entry level jobs, and a lot of times those people,
I mean, they don't really really. When I was a server,
I certainly wasn't worried about buying a house. I'm not
saying that they don't, But.
Speaker 1 (12:34):
I understand what you're saying. A lot a lot of
times that's just the beginning. They're they're getting into the world.
Maybe they want to buy the first car or something
like that, but they're not out there trying to feed
a family and that kind of thing. I get what
you're saying largely that that's right now here. Let me
hit you with something else. Let me this this new trend.
Blazer was talking about it. Somebody hit me on Facebook
about this too, and the machines getting tipped. He went
(12:58):
down to a since game. Okay, I just freaked out
because I saw somebody run past the door doors. Act
is he out there? Okay? I saw a head run
past it. On my Why is there somebody out there?
Blazer goes to a Reds game and he has to
get his own stuff. The concession counter picks it up
he's carrying everything. You go over to a checkout thing
(13:20):
and you swipe your credit card at the thing to
check out while carrying all your own crap, and then
the screen asks for a tip. The screen, Okay, any
corporate entity, any business entity like that where no human
being is actually working and serving and so forth. I say,
they pay like triple tax, Well then they won't ask
(13:44):
for the tip. That's my point.
Speaker 2 (13:46):
When AI takes over, it'll remember you doing that.
Speaker 1 (13:50):
Yeah, and the terminator going to show up at my
house first. Maybe excuse me, you do refuse to leave
a tip for the screen. In Cincinnati, we kind of
have that. Yeah.
Speaker 6 (13:59):
Whatever.
Speaker 1 (14:00):
On ninety eighty six is the number, John, You're on
six ten level at UTVN.
Speaker 2 (14:04):
Yeah.
Speaker 6 (14:04):
I think the tips should be taxed. I mean it's
only fair. And like you said, if you want to
get through life, you're you're gonna have to report income
and you can't just say, yeah, I got these tips,
but I don't remember what they were.
Speaker 1 (14:22):
Yeah, you're exactly right. Life requires of some degree of honesty.
And when you go out and and you know, buy
your your fifty thousand dollars ev or or get that
first mortgage, because you know, we go to some place
where you don't have to declare anything anymore, which we
have seen in the mortgage industry in the past. People
are going to say, wait a minute, if you only
made eighteen thousand dollars last year, how did you just
(14:43):
buy this fifty sixty thousand dollars vehicle? How are you
supporting your family? So if you're not honest, eventually somebody's
gonna catch you, and it's not worth it. I think
if it was more manageable, you could live decently. People
who are tipped would be more inclined to declare those tips.
(15:04):
Or maybe I'm just naive. I don't know. Somebody with
a wonderful name Chuck is coming up next in Room
for You two at A two one nine eight eighty six,
A two one WTV and trafficking weather together from day
to night, heating and cooling products and deal mechanical house
look and darling. And here we go with the second
(15:26):
half of the one hour extravagance that we call the
Power Hour on six ten WTV and at six thirty eight,
I'm Chuck Douglas eight two one nine eight eighty six
my number A two one WTV and talking about this
idea of tax free tipping, which I just I'm not
I'm not standing hard on either side of the line.
I'm telling you that I am inclined. My inclination, my
(15:50):
my initial thought is that it's just not a good idea.
Income is income, and whether you're getting it from a
W two or ten ninety nine from commission, as a
same person from you know, you sold something on the eBay, whatever.
If we just looked at money coming in as income
(16:10):
and said any money coming in is subject to this
about of tax, I think we would all pay less tax.
And I think if you had a minimum not a
government funded but a minimum income for people, as I
suggested earlier, like one hundred and fifty percent of whatever
the poverty rate is, and they don't have to pay
(16:31):
any taxes until they have crossed that line, that more
people would be honest about what they were making, and
we wouldn't have to worry about hiding of tips and
so forth. At least more regular people politicians. I never
count on them. Your thoughts welcome. A two to one
ninety eight six A two one WUTVN back to the
Legacy Retirement Group, dot com phone lines and Chuck, thanks
(16:54):
for holding on.
Speaker 7 (16:56):
Hey, good to talk to you again. I agree with you.
Tips are income under the current tax system. I don't
know why they're pandering to this one group of people.
I don't know. Apparently there's a lot of people who
don't vote, who are servers, and they're trying to get
them to vote. Maybe that's what it is. I don't know.
Speaker 1 (17:17):
Always, always there's always some specialists. They want to kiss
the tu shove in order to get their.
Speaker 6 (17:21):
Support right right.
Speaker 7 (17:23):
The other part of that is, since you earn that
at your job, your employer should be paying payroll tax
on that money too, just like they do when they
when they issue you a check a paycheck, when they
take taxes out of your check, they also pay taxes
on that money. Because I was an employer, I know
that's the case.
Speaker 1 (17:44):
The trade off, the trade off for that is though
that's also going to reflect on you as a retiree,
because it's going to mean a larger contribution into your medicare,
it's going to be a larger contribution to society. So again,
and when it comes to social security, by by the way,
taxing that is BS, you've already worked for it. You've
(18:04):
already earned it once. Once you get to be sixty five,
that's that's money you've put into a system. You should
be able to get that back without having to pay
the same taxes.
Speaker 7 (18:14):
I would, I would take it a step farther. I
think that the taxation of income is immoral because it
is absolutely slavery because you have to work to earn
money to live, and when you have to pay the
government a percentage, essentially it's a percentage of your labor.
Speaker 1 (18:36):
Right now, let me let me ask you chuckle. I've
heard this argument several times on the Facebook page today.
How then do you maintain, sustain and continue the country
if there is no way to bring in money from
the citizens.
Speaker 7 (18:51):
Well, there is money. There is a way to bring
it in. You don't tax productivity. You tax consumption. When
you go out to buy something. It's not a like food.
Speaker 1 (19:01):
So you're you're talking about what they call the fair
tax system.
Speaker 7 (19:05):
Well, I don't even know if it's a fair tax.
It's a it's a it's a it's a sales.
Speaker 1 (19:09):
Tax, right, Well, that's the fair tax on what you buy.
The fair tax platform is essentially that consumption on new products,
not on us, but on new products essentially a national
sales tax. So if you don't go out and buy
anything new, you're not paying into the system. If you
go out and buy something new, U pace.
Speaker 7 (19:26):
If you have a choice, if you want to go
buy a swimming pool, you can buy a swimming pool.
You're not going to die you don't buy a swimming pool.
Speaker 1 (19:33):
But you got to eat amen.
Speaker 7 (19:36):
The money, money that you money that you make.
Speaker 2 (19:39):
It is slavery period.
Speaker 1 (19:41):
The thing of it is, I'm not going to tell
you you're wrong or right. What I'm saying here. This
is a great discussion to have, and I wish the
people in charge of our future would sit down and
have these discussions. Man, it doesn't. It does not take
a PhD and a bunch of donors to sit down
and have this talk with you. And I just did it.
That's simple. They make it more differficult thing it has
to be to justify their existence. Or maybe that's just
(20:03):
me A two one nine eight six A two w
TV and Steve, thanks for hanging in there.
Speaker 2 (20:08):
Hey, Chuck, I don't really care for the uh uh
them just hopping a tax on us. I don't it
should we should be able to vote on it. Now.
I know, when you vote for a candidate, whatever they
run on, that's what you get and everything, but not taxes,
especially not taxes. We should be able to vote on that. Now.
(20:30):
I'm kind of pour it so I but them just
popping it on us like that and just you know,
everybody having to accept it. I'm just tired of that.
I really wish that they could, you know, let's vote
on taxes more.
Speaker 1 (20:44):
You know, well, as I've said many times before, Steve,
you know, we ask these candidates questions when they're running,
how do you feel about are you in favor of?
I don't care. I don't care what you are in
favor of. I don't care what you believe. What I
want to know is, as my representative, will your butt
go into that office and represent me? Will you listen
to me? Will you take calls from me? I don't
(21:07):
care what you believe. Your job is to represent me,
and I don't think any of them understand that exactly exactly.
Speaker 2 (21:17):
I totally agree. I agree with the plan that you
have too, about the way to tax you know, everything
of the one hundred and fifty percent you know for
the poor, and I agree with all that that's that's
not a bad ideal, but just popping a tax on people.
I'm just sick of it, you know, I don't. I
just don't like it. It's just not right.
Speaker 1 (21:37):
They need with they need accountability there. And for those
those temporary taxes and fees that never seem to go away, Well,
we're going to put an assessment on your neighborhood for
new sidewalks for the next five years. Thirty five years
down the road, you're still getting an assessment on your property.
You want to talk about a tax that I believe
is unconstitutional. Property taxes I believe are unconstitutional. You worked
(22:00):
your tail off to buy that house. Now you got
to pay the government a fee every year for the
right to own what you worked your tail off to buy.
I have more of a problem with property taxes than
I do with income taxes, that's for sure. A two one,
nine and eighty six bill. You're on the Legacy Retirement
Group dot com phone lines? How are you?
Speaker 4 (22:19):
Yes?
Speaker 8 (22:20):
The taking away or not charging taxes on tips is brilliant,
just brilliant. First of all, most of the young servers
tend to be more liberal that are working their way
through college, so it's a way of stealing voters from
a Democratic Party. That's why Harris unshaemedly copied Trump's ideal
(22:43):
about that. But let me tell you why it's brilliant.
Because a tax on the tip is a tax on gratuity,
and a gratuity is an act of gratitude. A tax
on gratitude is an attax on the customer's emotions. If
you can tax somebody's emotions, what can't you tax?
Speaker 1 (23:05):
Well, let me ask you this bill. When somebody hires
you for ten dollars a week and then your employer says,
I am so happy with your service. Here's eight hundred
dollars as a tip. Should that eight hundred dollars be
taxed or not? Because you know the system will be
manipulated just like that.
Speaker 8 (23:20):
Well, if it can be defined as a gratuity, no tax,
no tax at all. Like Russe Limbaugh said, words mean things.
If it was a wage, the employer would have to
be paying it, or if it was a wage from
the customer, every customer would have to give their server
a w two. It is not a wage. It's an
(23:40):
act of gratitude. It's an expression of an emotion.
Speaker 1 (23:43):
Well, and I think I think what we are we
are in the situation we're in right now having this
discussion because we have that that line between everything. It's
a wage, it's a gratuity, it's a income. If money
is coming in, it is income. If we just looked
at it that simply, we'd be a lot better off.
(24:06):
I really believe that, Nick, you're on six ten WTV.
Speaker 9 (24:09):
At high got Jack kind of doing so a little
different bent on this a couple of years back sixty
minutes to the piece on people that pay to work somewhere,
they pay to work. A gentleman they.
Speaker 10 (24:24):
Had on there paid to work at the Foston Blue.
He was a major d.
Speaker 9 (24:28):
He split his tips.
Speaker 10 (24:29):
With the major with the hotel. He paid two hundred
and fifty thousand dollars a year to work at the
hotel because where else can he make that kind of
money because of the clientele they have. He said, you know,
most of his clientele is big businessman, you know, celebrities,
things like that, because of the old restaurants of where
he works. He was kind of funny because he said,
(24:51):
I know everything about him. He said, I know their
wife's name, their kid's name, their dog's name, and their
girlfriend's kids and their dog's name, and I don't get
a mixed up when they come in to have dinner.
And they said, plus, he has never paid for a
vacation since he started working there. You know, the clientele has, well,
(25:11):
use my chateau in France now on their private plane.
He'll fly over there and spend the week free. You know, Hey,
he's made a lot of money in the stock market
because a lot of people are, you know, financially knowledgeable.
They come there, they give him stock tips. He's made
a fortune.
Speaker 8 (25:27):
He said, where else?
Speaker 9 (25:28):
Why would I not want to.
Speaker 10 (25:29):
Pay twentdred and fifty thousand dollars to work somewhere where
I can make a million?
Speaker 1 (25:32):
There you go, There you go that, there you go.
That is excellent argument. I appreciate you, Nick, And that's
you know exactly, Why would I not pay a quarter
of a million dollars a year to have a job
where I can make a million dollars a year. That's
very practical, thinking, oh no, Barry dropped off. Okay, let's
go to George. You're on six to ten w ETV
(25:53):
and George.
Speaker 8 (25:55):
Yes, hi.
Speaker 3 (25:56):
They used to be a server and used to be
they got to where they do eight percent of your
cash tips plus all of your charge tips. Was that
way they can audit your charge tips? But my question
is it's not get back at the other guy, but
are they auditing the donations that politicians are getting like
the ones that are making this law?
Speaker 6 (26:18):
Is my question.
Speaker 1 (26:19):
That's actually an excellent question too. I mean, you know,
campaign finance has been a bone of contention with people
my entire adult life and the way that that money
is hidden and maneuver. Well, we just saw with Joe
Biden stepping down and Kamala Harris stepping in. Was it
eighty two point three million dollars or something like that
(26:40):
from the Biden campaign fund which automatically went over to
her and they said she's raised one hundred million dollars
in the first twenty four hours. No, she raised fourteen.
The rest of it came from Biden's coffers. They manipulated.
Speaker 8 (26:52):
And how much go ahead and how much is Joe worth?
Speaker 5 (26:56):
Uh?
Speaker 1 (26:56):
Oh, he doesn't know, so the I appreciate you, George,
thanks very much for the call. Yeah, the manipulation of money.
And again, this is a problem when the people who
are making the decisions don't subject themselves to the same decisions.
You've got a problem. This has again been a reality
(27:20):
my entire life. I remember years ago railing against a
president of the Columbus City Schools Board of Education because
their kids were in private school. You know, when we
were talking about national health care, many of us said,
why the hell can't we just have what we pay
for Congress to have? Why should I take some oops?
I hope I find a doctor that actually knows what
(27:42):
a scalpel is because the government's doling it out when
I'm paying for my congressional representatives to have beautiful medical care.
You know, how come I get a thirty five dollars
bounce check fee at my bank when we had that
house banking scan or do you remember that man? They
were using that like they they owned the money. Well,
(28:05):
because they do great discussion tonight, guys, I love you,
Thank you joining me tomorrow morning. I'm hosting Columbus Morning
News beginning at six ' ten am on six '
ten am WTVM
Greeting salitations. Welcome my friends to the Thursday edition Up
the Power Hour on six ten WTVN. I'm Chuck Douglas.
You know who you are. We take it from there.
We get one hour together, so I talk really fast,
and you must listen even faster. My number area code
sixty one four eight one nine eight eighty six. That's
eight to one WTVN or eight hundred six ' ten WTVN.
(00:25):
Before we get into the taxing tips thing. By the way,
you're welcome to get in line right now. Just I mean,
the earlier you call, the better your chances of getting on.
I do everything I can to get people on before
I have to leave in this hour. But if you
wait till the last five minutes, your your your your
chances are dismal. I'm just I'm being honest, being honest
with you. So you want to get in early, grab
(00:47):
that line while you can hold on to it, and
I will do everything I can to get you on
because I want to talk about the you know, the
taxing tips thing, which when Donald Trump said it was
a terrible idea tax free tips, and he was, he was.
He was obliterated by several different media sources, including CBS News,
which is probably getting the most flack of all of them.
(01:09):
Kamala Harris came up with the same idea afterwards, and uh,
and that same organization, CBS News, praised the idea. That
just shows you how partisan the media is. It really does.
Mss Harris gets the cover of Time magazine the beautiful.
(01:30):
Did you see the picture of her on Time magazine?
That artist rendition of her was just yeah, what did
you say her Time or something like that.
Speaker 2 (01:38):
I don't know. I just saw the picture.
Speaker 1 (01:40):
When they put Donald Trump on the cover of Time magazine.
It looked like you remember those shirts they used to
have that were smeared with colors. It said, I ran
into Tammy Faye at the mall. That's what the Trump
picture on Time Magazine's cover looked like. Yeah. And Donald
Trump right now doing a Q and A. In fact,
I think he just wrapped it up. If I'm not mistaken.
(02:01):
He taking questions, what do you want to talk about?
Let's talk about and you know what are we twenty
seven days in now and ms Harris has yet to
hold a press conference, sit down and answer any questions.
I just think the you know, the smoke and mirrors.
Thing is only going to last so long before people
(02:21):
understand the emperor has no clothes at least I hope.
So nonetheless, be diligent, be vigilant, vote early, get your
vote in there. Do not wait for them to declare
a monkey pox epidemic, pandemic, non voting demic to keep
you away from the polls come November. Get it done now,
(02:43):
get it done now. Voting starts early, voting starts what
September I want to say sixth I have to go
back and check that. But take advantage of the opportunity.
The other side of the political spectrum has been taking
advantage of the opportunity for several years and beat us
about the head and shoulders with that stick. It's time
we turn that stick around in our favor. Taxing tips.
(03:08):
I've been thinking about this a great deal, don would.
One of my Facebook connections brought it to the table
last night, and I decided, yeah, it's time to talk
about it because I am not I am not declared
on other you know, one side or the other. I
think income should be income. The ridiculous arguments that we
(03:31):
have heard in the past, you know, worry, it's not
right our system where Warren Buffet secretary pays more income
tax than Warren Buffet, dies more smoke and mirrors. Warren
Buffett pays way more in taxes than his secretary pays. However,
they're not income taxes, dividend tax, capital gain tax, all
(03:54):
kinds of taxes that he pays because the salary he
takes from Berkshire half the way is neglible. He gets
his money from stocks, so he's paying taxes on the stocks.
He's paying real estate taxes on whatever properties he owns,
although he's not a flamboyant person. Last time I heard
he still lived in the house he grew up in
(04:14):
or something like that. But he does pay taxes. The
trouble is we have all these different types of money.
I think that's like the first step. That's the first
thing that we ought to do. If there's somebody could
wave a wand and reform the tax system if money
(04:35):
and listen closely. This is because I know, especially people
like Zach have trouble with things. If money is coming in, yeah,
that so far, az thatch.
Speaker 3 (04:45):
Huh.
Speaker 1 (04:46):
If money is coming in, okay, we will call that income.
Got it, period, that's it. Whether it's taxes, wages, self employment,
ten nine commissions on sales, interest on your your savings account,
or if you ever have any again, proceeds from from
(05:11):
selling something. Whatever. If money comes in, it is in come. Okay. Secondly,
take whatever they call the poverty rate in this country
and set an arbitrary figure. I don't care. One hundred
and twenty five percent, one hundred and fifty percent. Let's
(05:32):
let's let's be to say one hundred and fifty percent.
You are at one hundred and fifty percent of the
poverty level. Okay. Your first what's it cost to live? Well,
they say thirty five thousand dollars to sustain you know, groceries.
I don't know. Take that amount, whatever it is. You're
(05:53):
a one hundred and fifty percent. At one hundred and
fifty one percent, you pay twelve percent taxes, So you
get up to one hundred and fifty percent of poverty.
Make sure you're at least halfway over that poverty mark.
Then above that you pay taxes. What if you have
(06:16):
a big family, Well, the poverty rate is figured. That
number is figured on the number of people in your home.
Speaker 4 (06:22):
So for a.
Speaker 1 (06:22):
Family of four, you know the poverty level the national
poverty level would be whatever. Just I don't know the numbers.
I'm just saying, let's say it's seventy five thousand dollars
for a family of four. So anything up to one
hundred and fifty percent of seventy five thousand dollars for
that family of four, so ad another fifty percent what's
out one hundred and seven hundred and eight thousand dollars.
(06:44):
They can make up to that, and then after that
they would pay ten twelve percent taxes on the income.
If everybody was paying taxes and you would not have
a need to pay higher taxes. The same money would
(07:06):
be coming into the government coffers so that they could
waste it on whatever because more people would be participating.
So whether their taxes came from tips or wages or whatever,
they can make up to this amount and then pay
a lower tax rate after that amount. That just seems
(07:28):
sensible to me. To say somebody's tips should not be
taxable does not make sense to me. I've tried to
make it make sense, and I understand they work for
a lower minute or lower hourly wage because they are
tipped employees. I get that that's the line of work.
They've chosen to go into. That's one of the rules,
(07:48):
that's one of the ways it works. You may so
you can make whether it's through your tips or your
salary or whatever, you can make up to this amount
and then after that you pay a tax. Does that
not makes sense to U?
Speaker 5 (08:00):
Zachary?
Speaker 1 (08:01):
Sounds perfectly legitimate, Okay, which is why I can never
hold public office because this does seem to make sense
to me. Maybe it doesn't make sense to you. I
would love to hear your thoughts seriously. A two one
nine eight eight six eight two one WTV and we've
got a few standing by already. Let's go to the
Legacy Retirement Group dot com phone lines and Sean, you're
on six ten double ETV at.
Speaker 5 (08:20):
High good afternoon for lievening.
Speaker 6 (08:27):
So well.
Speaker 5 (08:27):
Basically servers. I used to serve two jobs, Olive Garden
and bualos back in the day at Easton And any
server that has tips bartenders, and this is going to
go with cash tips itself, they don't pay tax on
those tips. I mean roughly about I would say ninety
(08:49):
of tips are not reported for taxation.
Speaker 1 (08:52):
Well that's that's a human that's a human treat people
have money coming in all the time that they're not reporting.
Speaker 5 (08:58):
So at the end of the night, the tips that
the taxes that I would end up paying on my
paycheck would be the ones that were on credit cards.
Then I can adjust that and then adjust that amount
by roughly about ten percent. So that's why it's pointless
to say we're not going to tax tips because servers
ninety percent of those tips never get reported and are
(09:20):
never taxed.
Speaker 1 (09:21):
Let me ask you this, though, Shawn, Now, from your
experience in that industry, if you knew that you could
make one hundred and fifty percent or whatever, the power.
So let's say it's you and are you married. I
am okay, So you and the spouse and you could
make you know, seventy eight thousand dollars between your wages
and your tips and everything before you had to pay
a dollar in taxes. Wouldn't you be more apt to
(09:43):
claim your tips then and go, well, yeah, that's cool,
I'm making a decent living. I can pay my bills.
Wouldn't you be able to? I think people would be
going to have to be honest about it.
Speaker 5 (09:53):
Yes, because right, well, I'll be honest. I'm married, I
have four kids, one of my kids is currently going
to college, and the other two ones in high school
and the other ones in middle school, and then the
other one is going to go into.
Speaker 1 (10:04):
Kindergartenstances, you could probably make that twelve million a year
without exit.
Speaker 5 (10:09):
Well yeah, but like to like just being straight up
and honest, that plan would be awesome.
Speaker 6 (10:14):
It would be great.
Speaker 5 (10:15):
It would be fabulous. It would help with especially how
things are expensive and how things have skyrocketed so much.
If I didn't have to pay any taxes, it would help.
I mean, my ap alone is like those like four
hundred and some on dollars just because of thirty five
percent increase rate that they did themselves. But yes, that
would definitely help. And I would definitely vote for you
(10:36):
for for office.
Speaker 1 (10:38):
Thank you, Sean. I appreciate that. If I ever get
foolish enough to run, I will hold you to it.
A two eight six eight two one DOUBLETVN and air
in You're on six to NUBTVN.
Speaker 4 (10:47):
Hey, great topic, Chuck, great show, thank you, sir. Hey,
hey U. So while I appreciate the sentiment, all I
don't I don't see you know, I was a waiter
too for a long time when I was going through
high school and college and I only had to declare
eight percent of my tips and that was only if
they were on credit cards. Now, I appreciate the lowering,
(11:12):
you know, the taxes and on tips and stuff, and
I appreciate what it's trying to do, but that's not
going to do anything for the state taxes. The state's
still going to charge tax on those tips. And and
you know, did you guys just point before, If you
don't declare all the money you make, how are you
going to buy a house because you got to explain everything.
(11:34):
I mean, you're really you know right, you gotta explain
all the money coming in.
Speaker 1 (11:38):
And that's what I'm saying. I think people would be
more apt to be honest about their tips coming in.
But you if you want a higher credit score, if
you want to qualify for a MORGE, you're going to
be honest about it. But if you can be honest
while not making yourself live in poverty, then you know,
everybody wins there.
Speaker 4 (11:56):
Well. And another thing is I really don't think a
very a large, a influenceable section of the population relies
on that. I mean, don't get me wrong. There are
sectors and stuff that just that do a lot of
hospitality and that kind of stuff. But the majority, I
(12:16):
mean those the server jobs or second jobs, or or
or entry level jobs, and a lot of times those people,
I mean, they don't really really. When I was a server,
I certainly wasn't worried about buying a house. I'm not
saying that they don't, But.
Speaker 1 (12:34):
I understand what you're saying. A lot a lot of
times that's just the beginning. They're they're getting into the world.
Maybe they want to buy the first car or something
like that, but they're not out there trying to feed
a family and that kind of thing. I get what
you're saying largely that that's right now here. Let me
hit you with something else. Let me this this new trend.
Blazer was talking about it. Somebody hit me on Facebook
about this too, and the machines getting tipped. He went
(12:58):
down to a since game. Okay, I just freaked out
because I saw somebody run past the door doors. Act
is he out there? Okay? I saw a head run
past it. On my Why is there somebody out there?
Blazer goes to a Reds game and he has to
get his own stuff. The concession counter picks it up
he's carrying everything. You go over to a checkout thing
(13:20):
and you swipe your credit card at the thing to
check out while carrying all your own crap, and then
the screen asks for a tip. The screen, Okay, any
corporate entity, any business entity like that where no human
being is actually working and serving and so forth. I say,
they pay like triple tax, Well then they won't ask
(13:44):
for the tip. That's my point.
Speaker 2 (13:46):
When AI takes over, it'll remember you doing that.
Speaker 1 (13:50):
Yeah, and the terminator going to show up at my
house first. Maybe excuse me, you do refuse to leave
a tip for the screen. In Cincinnati, we kind of
have that. Yeah.
Speaker 6 (13:59):
Whatever.
Speaker 1 (14:00):
On ninety eighty six is the number, John, You're on
six ten level at UTVN.
Speaker 2 (14:04):
Yeah.
Speaker 6 (14:04):
I think the tips should be taxed. I mean it's
only fair. And like you said, if you want to
get through life, you're you're gonna have to report income
and you can't just say, yeah, I got these tips,
but I don't remember what they were.
Speaker 1 (14:22):
Yeah, you're exactly right. Life requires of some degree of honesty.
And when you go out and and you know, buy
your your fifty thousand dollars ev or or get that
first mortgage, because you know, we go to some place
where you don't have to declare anything anymore, which we
have seen in the mortgage industry in the past. People
are going to say, wait a minute, if you only
made eighteen thousand dollars last year, how did you just
(14:43):
buy this fifty sixty thousand dollars vehicle? How are you
supporting your family? So if you're not honest, eventually somebody's
gonna catch you, and it's not worth it. I think
if it was more manageable, you could live decently. People
who are tipped would be more inclined to declare those tips.
(15:04):
Or maybe I'm just naive. I don't know. Somebody with
a wonderful name Chuck is coming up next in Room
for You two at A two one nine eight eighty six,
A two one WTV and trafficking weather together from day
to night, heating and cooling products and deal mechanical house
look and darling. And here we go with the second
(15:26):
half of the one hour extravagance that we call the
Power Hour on six ten WTV and at six thirty eight,
I'm Chuck Douglas eight two one nine eight eighty six
my number A two one WTV and talking about this
idea of tax free tipping, which I just I'm not
I'm not standing hard on either side of the line.
I'm telling you that I am inclined. My inclination, my
(15:50):
my initial thought is that it's just not a good idea.
Income is income, and whether you're getting it from a
W two or ten ninety nine from commission, as a
same person from you know, you sold something on the eBay, whatever.
If we just looked at money coming in as income
(16:10):
and said any money coming in is subject to this
about of tax, I think we would all pay less tax.
And I think if you had a minimum not a
government funded but a minimum income for people, as I
suggested earlier, like one hundred and fifty percent of whatever
the poverty rate is, and they don't have to pay
(16:31):
any taxes until they have crossed that line, that more
people would be honest about what they were making, and
we wouldn't have to worry about hiding of tips and
so forth. At least more regular people politicians. I never
count on them. Your thoughts welcome. A two to one
ninety eight six A two one WUTVN back to the
Legacy Retirement Group, dot com phone lines and Chuck, thanks
(16:54):
for holding on.
Speaker 7 (16:56):
Hey, good to talk to you again. I agree with you.
Tips are income under the current tax system. I don't
know why they're pandering to this one group of people.
I don't know. Apparently there's a lot of people who
don't vote, who are servers, and they're trying to get
them to vote. Maybe that's what it is. I don't know.
Speaker 1 (17:17):
Always, always there's always some specialists. They want to kiss
the tu shove in order to get their.
Speaker 6 (17:21):
Support right right.
Speaker 7 (17:23):
The other part of that is, since you earn that
at your job, your employer should be paying payroll tax
on that money too, just like they do when they
when they issue you a check a paycheck, when they
take taxes out of your check, they also pay taxes
on that money. Because I was an employer, I know
that's the case.
Speaker 1 (17:44):
The trade off, the trade off for that is though
that's also going to reflect on you as a retiree,
because it's going to mean a larger contribution into your medicare,
it's going to be a larger contribution to society. So again,
and when it comes to social security, by by the way,
taxing that is BS, you've already worked for it. You've
(18:04):
already earned it once. Once you get to be sixty five,
that's that's money you've put into a system. You should
be able to get that back without having to pay
the same taxes.
Speaker 7 (18:14):
I would, I would take it a step farther. I
think that the taxation of income is immoral because it
is absolutely slavery because you have to work to earn
money to live, and when you have to pay the
government a percentage, essentially it's a percentage of your labor.
Speaker 1 (18:36):
Right now, let me let me ask you chuckle. I've
heard this argument several times on the Facebook page today.
How then do you maintain, sustain and continue the country
if there is no way to bring in money from
the citizens.
Speaker 7 (18:51):
Well, there is money. There is a way to bring
it in. You don't tax productivity. You tax consumption. When
you go out to buy something. It's not a like food.
Speaker 1 (19:01):
So you're you're talking about what they call the fair
tax system.
Speaker 7 (19:05):
Well, I don't even know if it's a fair tax.
It's a it's a it's a it's a sales.
Speaker 1 (19:09):
Tax, right, Well, that's the fair tax on what you buy.
The fair tax platform is essentially that consumption on new products,
not on us, but on new products essentially a national
sales tax. So if you don't go out and buy
anything new, you're not paying into the system. If you
go out and buy something new, U pace.
Speaker 7 (19:26):
If you have a choice, if you want to go
buy a swimming pool, you can buy a swimming pool.
You're not going to die you don't buy a swimming pool.
Speaker 1 (19:33):
But you got to eat amen.
Speaker 7 (19:36):
The money, money that you money that you make.
Speaker 2 (19:39):
It is slavery period.
Speaker 1 (19:41):
The thing of it is, I'm not going to tell
you you're wrong or right. What I'm saying here. This
is a great discussion to have, and I wish the
people in charge of our future would sit down and
have these discussions. Man, it doesn't. It does not take
a PhD and a bunch of donors to sit down
and have this talk with you. And I just did it.
That's simple. They make it more differficult thing it has
to be to justify their existence. Or maybe that's just
(20:03):
me A two one nine eight six A two w
TV and Steve, thanks for hanging in there.
Speaker 2 (20:08):
Hey, Chuck, I don't really care for the uh uh
them just hopping a tax on us. I don't it
should we should be able to vote on it. Now.
I know, when you vote for a candidate, whatever they
run on, that's what you get and everything, but not taxes,
especially not taxes. We should be able to vote on that. Now.
(20:30):
I'm kind of pour it so I but them just
popping it on us like that and just you know,
everybody having to accept it. I'm just tired of that.
I really wish that they could, you know, let's vote
on taxes more.
Speaker 1 (20:44):
You know, well, as I've said many times before, Steve,
you know, we ask these candidates questions when they're running,
how do you feel about are you in favor of?
I don't care. I don't care what you are in
favor of. I don't care what you believe. What I
want to know is, as my representative, will your butt
go into that office and represent me? Will you listen
to me? Will you take calls from me? I don't
(21:07):
care what you believe. Your job is to represent me,
and I don't think any of them understand that exactly exactly.
Speaker 2 (21:17):
I totally agree. I agree with the plan that you
have too, about the way to tax you know, everything
of the one hundred and fifty percent you know for
the poor, and I agree with all that that's that's
not a bad ideal, but just popping a tax on people.
I'm just sick of it, you know, I don't. I
just don't like it. It's just not right.
Speaker 1 (21:37):
They need with they need accountability there. And for those
those temporary taxes and fees that never seem to go away, Well,
we're going to put an assessment on your neighborhood for
new sidewalks for the next five years. Thirty five years
down the road, you're still getting an assessment on your property.
You want to talk about a tax that I believe
is unconstitutional. Property taxes I believe are unconstitutional. You worked
(22:00):
your tail off to buy that house. Now you got
to pay the government a fee every year for the
right to own what you worked your tail off to buy.
I have more of a problem with property taxes than
I do with income taxes, that's for sure. A two one,
nine and eighty six bill. You're on the Legacy Retirement
Group dot com phone lines? How are you?
Speaker 4 (22:19):
Yes?
Speaker 8 (22:20):
The taking away or not charging taxes on tips is brilliant,
just brilliant. First of all, most of the young servers
tend to be more liberal that are working their way
through college, so it's a way of stealing voters from
a Democratic Party. That's why Harris unshaemedly copied Trump's ideal
(22:43):
about that. But let me tell you why it's brilliant.
Because a tax on the tip is a tax on gratuity,
and a gratuity is an act of gratitude. A tax
on gratitude is an attax on the customer's emotions. If
you can tax somebody's emotions, what can't you tax?
Speaker 1 (23:05):
Well, let me ask you this bill. When somebody hires
you for ten dollars a week and then your employer says,
I am so happy with your service. Here's eight hundred
dollars as a tip. Should that eight hundred dollars be
taxed or not? Because you know the system will be
manipulated just like that.
Speaker 8 (23:20):
Well, if it can be defined as a gratuity, no tax,
no tax at all. Like Russe Limbaugh said, words mean things.
If it was a wage, the employer would have to
be paying it, or if it was a wage from
the customer, every customer would have to give their server
a w two. It is not a wage. It's an
(23:40):
act of gratitude. It's an expression of an emotion.
Speaker 1 (23:43):
Well, and I think I think what we are we
are in the situation we're in right now having this
discussion because we have that that line between everything. It's
a wage, it's a gratuity, it's a income. If money
is coming in, it is income. If we just looked
at it that simply, we'd be a lot better off.
(24:06):
I really believe that, Nick, you're on six ten WTV.
Speaker 9 (24:09):
At high got Jack kind of doing so a little
different bent on this a couple of years back sixty
minutes to the piece on people that pay to work somewhere,
they pay to work. A gentleman they.
Speaker 10 (24:24):
Had on there paid to work at the Foston Blue.
He was a major d.
Speaker 9 (24:28):
He split his tips.
Speaker 10 (24:29):
With the major with the hotel. He paid two hundred
and fifty thousand dollars a year to work at the
hotel because where else can he make that kind of
money because of the clientele they have. He said, you know,
most of his clientele is big businessman, you know, celebrities,
things like that, because of the old restaurants of where
he works. He was kind of funny because he said,
(24:51):
I know everything about him. He said, I know their
wife's name, their kid's name, their dog's name, and their
girlfriend's kids and their dog's name, and I don't get
a mixed up when they come in to have dinner.
And they said, plus, he has never paid for a
vacation since he started working there. You know, the clientele has, well,
(25:11):
use my chateau in France now on their private plane.
He'll fly over there and spend the week free. You know, Hey,
he's made a lot of money in the stock market
because a lot of people are, you know, financially knowledgeable.
They come there, they give him stock tips. He's made
a fortune.
Speaker 8 (25:27):
He said, where else?
Speaker 9 (25:28):
Why would I not want to.
Speaker 10 (25:29):
Pay twentdred and fifty thousand dollars to work somewhere where
I can make a million?
Speaker 1 (25:32):
There you go, There you go that, there you go.
That is excellent argument. I appreciate you, Nick, And that's
you know exactly, Why would I not pay a quarter
of a million dollars a year to have a job
where I can make a million dollars a year. That's
very practical, thinking, oh no, Barry dropped off. Okay, let's
go to George. You're on six to ten w ETV
(25:53):
and George.
Speaker 8 (25:55):
Yes, hi.
Speaker 3 (25:56):
They used to be a server and used to be
they got to where they do eight percent of your
cash tips plus all of your charge tips. Was that
way they can audit your charge tips? But my question
is it's not get back at the other guy, but
are they auditing the donations that politicians are getting like
the ones that are making this law?
Speaker 6 (26:18):
Is my question.
Speaker 1 (26:19):
That's actually an excellent question too. I mean, you know,
campaign finance has been a bone of contention with people
my entire adult life and the way that that money
is hidden and maneuver. Well, we just saw with Joe
Biden stepping down and Kamala Harris stepping in. Was it
eighty two point three million dollars or something like that
(26:40):
from the Biden campaign fund which automatically went over to
her and they said she's raised one hundred million dollars
in the first twenty four hours. No, she raised fourteen.
The rest of it came from Biden's coffers. They manipulated.
Speaker 8 (26:52):
And how much go ahead and how much is Joe worth?
Speaker 5 (26:56):
Uh?
Speaker 1 (26:56):
Oh, he doesn't know, so the I appreciate you, George,
thanks very much for the call. Yeah, the manipulation of money.
And again, this is a problem when the people who
are making the decisions don't subject themselves to the same decisions.
You've got a problem. This has again been a reality
(27:20):
my entire life. I remember years ago railing against a
president of the Columbus City Schools Board of Education because
their kids were in private school. You know, when we
were talking about national health care, many of us said,
why the hell can't we just have what we pay
for Congress to have? Why should I take some oops?
I hope I find a doctor that actually knows what
(27:42):
a scalpel is because the government's doling it out when
I'm paying for my congressional representatives to have beautiful medical care.
You know, how come I get a thirty five dollars
bounce check fee at my bank when we had that
house banking scan or do you remember that man? They
were using that like they they owned the money. Well,
(28:05):
because they do great discussion tonight, guys, I love you,
Thank you joining me tomorrow morning. I'm hosting Columbus Morning
News beginning at six ' ten am on six '
ten am WTVM
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