President Trump’s One Big Beautiful Bill officially passes the House

[Inspector44]

I would be happy about this more than most of you. One of the very unique things to the entertainment industry is OT and DT is based on the day not the week. Because the nature of gig work we have a set days hours...the labor side is usually 8hr per union standards and freelancers like me do 10hr days. The next 4hrs after the 8 or 10 is OT and anything past it DT. You have no idea how much that would save me. My average day is probably 12-14hrs. Effectively that cuts tax on like 1/3 of my income yearly...

That's only for California. Here in OKC its weekly based on the FSLA requirements. Anything after 40 is time and a half until you hit 48 hours then it shifts to double-time. So even if you worked 10 hours one day, its not OT until your weekly hours top 40.

[sahgwa]

This would help our household tremendously... 

Now, only if they would revise that commissions are technically just "tips" from your company for "good service." 


Nick Sortor

@nicksortor

#BREAKING: The House of Representatives ERUPTS in cheers and applause as President Trump’s One Big Beautiful Bill officially PASSES CONGRATULATIONS, 47!

 No tax on tips or overtime 

$175B for deportations and the wall

 Tax relief for seniors

Making his 2017 tax cuts permanent

That's nice logical news.

Now when is he going to go all JFK on steroids and get rid of Federal Income Tax? :D

[putnam6]

That's nice logical news.

Now when is he going to go all JFK on steroids and get rid of Federal Income Tax? :D

Honestly, it could be coming sooner or later, hopefully

Good news, the new tariffs have already collected 92 billion, which almost offsets US expenditures for Ukraine, IIRC

[RickyD]

That's only for California. Here in OKC its weekly based on the FSLA requirements. Anything after 40 is time and a half until you hit 48 hours then it shifts to double-time. So even if you worked 10 hours one day, its not OT until your weekly hours top 40.

No...in the entertainment industry its based on the day not the week...in every state. Its just how my industry works. I have been working in this industry for around 18 years now and its always been that way...its not a law or anything its just the standard. Just like minimums...for the non-freelancers its typically a 4hr minimum for freelancers its a 10hr unless you work for someone who does half days in that case it'd be 5hrs. So if you show up for like 30min and finish the job you get the minimum.

[KrustyKrab]

No...in the entertainment industry it’s based on the day not the week...in every state. It’s just how my industry works. I have been working in this industry for around 18 years now and its always been that way...its not a law or anything its just the standard. Just like minimums...for the non-freelancers it’s typically a 4hr minimum for freelancers it’s a 10hr unless you work for someone who does half days in that case it'd be 5hrs. So if you show up for like 30min and finish the job you get the minimum.

Retired IATSE here.  Overtime absolutely kills us on taxes.  It sucks working all those hours and seeing what they take out in taxes can be somewhat depressing.

[DontTreadOnMe]

Well, hold your horses on parts of the BBB. No tax on CASH tips, in other words you don't have to claim what you get tipped out in cash. Great for the team, although getting service members to claim %100 was always a challenge. Doesn't apply to CC tips which in my tap rooms, is about 90% of transactions. Unfortunately, this won't equate to much support at all.

You do know that wait staff gets all their tips in cash, at least around here.
They get the cash patrons give them directly.
Then they get cash from the restaurant in the amount issued by credit card patrons on credit card receipts.
No server I know gets tips issued to their credit card.

[AngryOldBrewer]

You do know that wait staff gets all their tips in cash, at least around here.
They get the cash patrons give them directly.
Then they get cash from the restaurant in the amount issued by credit card patrons on credit card receipts.
No server I know gets tips issued to their credit card.

I see the confusion. So in Cali, cash tips are left on a table or in the check presenter on the table. However, CC tips left by the guest are automatically taxed at the end of the shift, but the taxes come out of your paycheck. The server/ bar or whatever gets the CC tips cashed out at the end of the night, yes, but all of those transactions are logged in a POS. Their paycheck reflects how much tax was taken out for CC tips. In the past, servers/bartenders were required by law to manually enter their cash tips into the POS before they can clock out, and it must reflect a minimum of 15% of their total sales for the shift. So all tips, cash and CC, were taxed and those taxes where taken from your paycheck. Which really sucks in right-to-work states the location/restaurant only pay their fully tipped staff $2.13 an hour. In my youth in Arizona, I would sometimes receive a bill from my restaurant instead of a paycheck because the taxes paid on tips exceeded how much you made per hour. You had to pay that back to the restaurant. 

So this bill provision simply states that tipped employees no longer have to include straight cash tips as part of their claimed income so it can be taxed. However, that still doesn't work well. If you don't claim your cash tips, then that income doesn't show up on your report. So when you go to get a car loan or a house loan, the creditor doesn't care how much you SAY you made, only how much shows up on your W2. If a third of your tips are cash that you don't have to claim, then your W2 will reflect that you only made 66% of what you actually made. 

Hope that clears it up!

[sahgwa]

Retired IATSE here.  Overtime absolutely kills us on taxes.  It sucks working all those hours and seeing what they take out in taxes can be somewhat depressing.

Is that you ,Theatreboy? 

For those like me that had no idea what this was:International Alliance of Theatrical Stage Employeeslabor union in the US

[putnam6]

I see the confusion. So in Cali, 
Hope that clears it up!

Yeah, I see the confusion if everybody wanted to be like Cali, we would have a different President 

What was that 80's song 

I'm going back to Cali
to Cali
to Cali...
I'm going back to Cali 
hmm I don't think so?





David Pollack

@DavidPollackUSA
·
8h
WOW. Just WOW! Inflation DOWN. Incomes UP.
Trade deficit SLASHED.
The Trump Effect is REAL — and the data is undeniable.  
Inflation just dropped to 2.1% — BELOW expectations. 
Personal income SURGED 0.8% in April — nearly TRIPLE what economists predicted.  
Trade deficit cut IN HALF — the largest monthly drop on record.

Even CNBC’s Rick Santelli — no cheerleader — said: “This is a GREAT four-month start to any year. Why don’t we give credit where credit is due?” Let’s connect the dots: Trump’s America First trade agenda is working.

Tariffs are rebalancing global trade. 
Families are keeping more of what they earn.

The economy is running on AMERICAN energy, AMERICAN workers, and AMERICAN grit.

Biden tried to wreck it. Trump came in and rebuilt it — fast. This isn’t just recovery.

It’s a revival. If this is just the first four months… imagine the next four years.

[KrustyKrab]

Is that you ,Theatreboy? 

For those like me that had no idea what this was:International Alliance of Theatrical Stage Employeeslabor union in the US

No not theatre boy