Golddollar pays for whole meals, I use them as tips. Either way, the tellers at the bank love that we take them off their hands!
Ivan
I've seen that bag and your golden booty. I suspect the wait staff smiles when they see you coming. The bag certainly adds a certain 'je ne sais quoi'!
Eisenhower dollars were issued from 1971 to 1978. If you have any 1964 or earlier please post pictures!That is funny!! I’ll trade all the 1964 or earlier Eisenhower dollars for “real” dollar bills all day long.
Larry
So, I just got out from under my rock. Are there no more Susan B. Anthony dollars?
Always cash tips. That way the server
gets the full value of the money.
Repeat, always cash tips.
And one more thing: Always cash tips.
That goes for an up-scale joint or
a beanery. Cash, cash, cash, cash.
In fact, skip the plastic even for
the meal or meals.
You are grossly overstating the ability of servers to cheat on their taxes by not reporting tips. It's just not that easy. Nor should they. I'm not a fan of defrauding the government.
For one, it's really frowned upon by your employer to which you must report all your tips. If the total reported level of all tips is too low (below 8% of gross sales) then the employer has to add the difference to the W2's of all tipped employees.
Not to mention tip-sharing. Which is common because of the accounting issues. Then you'd be stealing from your co-workers instead of the government. Servers like cash tips because they get daily cash to make it to payday. Not because of tax-free income.
More than $1 Trillion dollars of income goes unreported each year. That's more than enough to fix Social Security, and then some. Granted, the bulk of that is not servers. But if they were all not reporting their tips it would be.
Saw a picture the other day of a kind man buying a cup of lemonade from a child's lemonade stand. When tasting it, he saw a sign that said lemonade: $5 a cup.
The reason I tip in cash is when you include a tip on your credit card, it can take weeks for the staff to receive their money and then it may be at the discounted rate of what the CC pays the business. The tax portion of it is neither my business nor concern.You are grossly overstating the ability of servers to cheat on their taxes by not reporting tips. It's just not that easy. Nor should they. I'm not a fan of defrauding the government.
For one, it's really frowned upon by your employer to which you must report all your tips. If the total reported level of all tips is too low (below 8% of gross sales) then the employer has to add the difference to the W2's of all tipped employees.
Not to mention tip-sharing. Which is common because of the accounting issues. Then you'd be stealing from your co-workers instead of the government. Servers like cash tips because they get daily cash to make it to payday. Not because of tax-free income.
More than $1 Trillion dollars of income goes unreported each year. That's more than enough to fix Social Security, and then some. Granted, the bulk of that is not servers. But if they were all not reporting their tips it would be.
The reason I tip in cash is when you include a tip on your credit card, it can take weeks for the staff to receive their money and then it may be at the discounted rate of what the CC pays the business. The tax portion of it is neither my business nor concern.
There are places where the waitstaff make substantial income off of tips but the majority of restaurants do not fit that category, at least in the world of places I patronize. Most places pay below minimum wage for a job I personally wouldn't want to do and if a perk of that job is to be able to fudge on your taxes, so be it. I know of no waitstaff who could be said to be living the 'good life'.
The reason I tip in cash is when you include a tip on your credit card, it can take weeks for the staff to receive their money and then it may be at the discounted rate of what the CC pays the business.