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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