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No Tax on Tips: When Does it Start and Who Benefits?

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Nixing income taxes was one of President Donald Trump's top policy promises during his 2024 election campaign.
Donald Trump announced a policy to eliminate taxes on tips for service industry workers, aiming to appeal to voters in crucial states like Nevada. This proposal, which would require Congressional approval, has not yet been implemented and faces challenges due to the current political climate. If passed, the policy would benefit service workers by allowing them to keep more of their earnings, although the exact start date and full details remain unclear. Trump's announcement was made during a rally in Las Vegas, highlighting his focus on economic issues affecting the working class.

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[ https://www.msn.com/en-us/news/politics/no-tax-on-tips-when-does-it-start-and-who-benefits/ar-AA1Fboxg ]