Paying Taxes Can Tax The Better Of Us: Difference between revisions

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Revision as of 01:48, 1 September 2026


Ask ten people a person's can discharge tax debts in bankruptcy and you get ten different replies to. The correct answer usually that you can, but only if certain tests are met.

The employer probably pays the waitress a little wage, and also allowed under many minimum wage laws because she has a job that typically generates creative ideas. The IRS might therefore conisder that my tip is paid "for" the business. But I am under no compulsion to leave the waitress anything. The employer, on the other guitar hand, is obliged to pay for the services his workers render. I absolutely don't think the exception under Section 102 correlates. If the tip is taxable income to the waitress, it is simply under total principle of Section 61.

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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some with the changes passed in the 2001 EGTRRA.

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