Thursday, September 07, 2006

Big Tax on Tip

If you read my blogs yesterday, you saw the note about the waitress (bartender) who received a $10,000 tip. The credit card transaction went through without any problem. Unfortunately her net payout, due to tax withholding, was only $6300.

http://www.cnn.com/2006/US/09/
07/bartender.tip.ap/index.html

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