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Bingo! (Presidential debate edition)

Planet Money

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Limit Income for Tax-Free Tips to Reduce Impact

Support for changes to the tax code concerning tax-free tips is gaining momentum, with several bills under consideration. To mitigate potential adverse effects, introducing income limits on eligibility for tax-free tips is proposed, a measure supported by key political figures. This approach aims to make the tax structure more equitable while addressing concerns around its implementation.

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