Presidential contenders Kamala Harris and Donald Trump found a rare point of agreement when they both proposed getting rid of taxes on tips.
For restaurant workers, tour guides, masseuses, anyone at all who makes tips, the benefits of the policy are obvious. Fewer taxes, which naturally means more money in their pockets. But for everyone else, the rare bipartisan proposal comes with several pitfalls: Less money in the Treasury, an inequitable tax code, and even more incentives for people to game the system.
