I just came to the conclusion that Trump’s plan to make earnings from tips not be taxed by federal income taxes could be huge. Who is to say what constitutes a tip?
A dying father could tip his kids for decades of being good people to avoid unconstitutional death tax. A similar approach could be used to keep your money instead of being robbed by the federal government via the dozens of tax categories.
This is true, but my opinion is that removing the tax on tips is just the first chip away at removing the tax on income altogether along with the IRS.