Monday, August 26, 2024

Speaking Of Gouging -- Who Is The Worst Offender Among The Red Licorce Providers? August 26, 2024

Locator: 48459GOUGING.


 Red licorice prices / ounce:

  • worse offender: $1.55 / ounce
  • bad: $1.29 / ounce
  • fair: 52 cents / ounce
  • a real deal / steal: 15 cents / ounce

$1.55 / 15 cents = 10x.

Wiley Wallaby is charging 10 times what Twizzlers is selling for!

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Federal Income Tax

When it comes to tips, all income needs to be reported and taxed. 

If not, it's only a matter of time before lawyers charge "billable hours" (taxed) and an 18% gratuity fee (untaxed) for "large parties." CEOs could be paid a salary of $1 million / year (taxed) plus tips (hundreds of thousands of dollars) for doing a "good job" (untaxed). Bonuses will be re-categorized as "tips." Both bonuses and tips reward a "good job."

My hunch: waiters at swanky restaurants in San Francisco earn well above $100,000 in tips every year. 

As far as taxing tips, like everything else it can be done progressively, like all income. For those earning less than, say $50,000 in tips, the there would be no taxes on tips. As tip income trends toward $100,000, tips would be taxed progressively and appropriately.

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