U.S. Congress - H.R.3664 Tax Free Tips Act of 2007
H.R.3664 - Tax Free Tips Act of 2007
To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes. as introduced.
- Short: Tax Free Tips Act of 2007 as introduced.
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Brilliant! Not only would it save the money of a few IRS agents chasing waitresses, but it would also get people to play more above board when it comes to contracting small projects (think your painters did a great job? Tip them! it'll keep them from cheating the system on the weekend).