Presidential hopeful Donald Trump has proposed getting rid of taxes on tips and overtime.
AdvertisementIf former President Donald Trump gets his way, workers who collect overtime pay or tips could stop paying taxes on them.
"Their employer can pay less to keep them but the worker is not worse off because now they don't have to pay taxes on that," Shierholz said.
Or it could mean some salaried workers switch to hourly wages in order to qualify for a higher rate of untaxed overtime pay.
Do you collect tips or overtime pay?
Persons:
Donald Trump, Trump, —, It's, Kamala Harris, that's, Harris, it's, Heidi Shierholz, Shierholz, Joe Hughes, Alex Muresianu, Muresianu, Hughes, Rube Goldberg, Karoline Leavitt
Organizations:
Service, Yale, Trump, Social Security, Taxation, Economic, Tax Foundation
Locations:
Arizona, America