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Fortune

Preston Fore

Trump wants to kill tax on tips. That could save Americans over $100 billion over the next decade—but backfire for the working class

Donald Trump Yale

Woman disappointed holding just a few dollars. (Credit: Getty Images)

Trump’s proposed elimination of taxes on tips could boost the finances of select Americans. But it could also worsen tipping fatigue—which 9 in 10 Americans already think is out of hand—and make it even easier for the wealthy to avoid paying taxes.

As a presidential candidate, Donald Trump made a bold promise: to eliminate taxes on tips.

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