Is the SAHM the new status symbol?

iVillage Member
Registered: 03-26-2003
Is the SAHM the new status symbol?
1697
Tue, 09-23-2003 - 10:36pm
In the 70's and 80's women fought to get into the workforce (the whole Ms. magazine generation)...and then the tide turned in the late 1990's when more women started to stay home by choice. Now, it seems like being a SAHM is a status symbol....and superior to being a working mom.

Kat

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iVillage Member
Registered: 08-19-2003
Fri, 10-03-2003 - 2:05pm
2002? I don't think so. I just checked my Master Tax Guide (does that make me sound like a tax geek or what?) from 1990 and it says 100% of tips received are to be reported.

This has been required as long as I can remember. I know many people DON'T report all their tips, but that doesn't mean that's ok.

iVillage Member
Registered: 08-01-2003
Fri, 10-03-2003 - 2:07pm
Your right Im wrong...i didnt read the articles I just took them from dh's files and posted. My bad...LOL~
iVillage Member
Registered: 05-28-2003
Fri, 10-03-2003 - 2:08pm
My understanding is that how much you pay in taxes isn't dependent on *how* you make the money (e.g. waiter earning tips or a lawyer earning a salary) but how much you make/what tax bracket you fall into and what your deductions are.

Again, lucaslawmom -- need help here.
iVillage Member
Registered: 08-19-2003
Fri, 10-03-2003 - 2:09pm
You definitely might be right w/the language barrier issue.

But if that is what she means, you don't *pay* less taxes on tips either, you report them all and pay whatever tax % for the bracket you're in. Yeah, if you make only $20 in tips you don't have to report that. But I don't think that's what she's getting at b/c her employees make a lot more than that! :)

iVillage Member
Registered: 08-19-2003
Fri, 10-03-2003 - 2:10pm
Are you *sure* you're not in tax?

Right again! A+ for you for the day. :)

iVillage Member
Registered: 08-01-2003
Fri, 10-03-2003 - 2:11pm
i too know that people dont reprot all their money earned on taxes and I ADMIT I AM totally wrong here it is completley illegal to only claim a percentage....WOW no wonder servers are so wealthy round these parts...lol


i though one of the articles said june 2002...Bad me...LOL!

iVillage Member
Registered: 03-25-2003
Fri, 10-03-2003 - 2:11pm
No I don't. My dh does it too. The same people who tip 3% on a bill are the ones who would get livid about paying more taxes. First of all, you pay the same amount of taxes regardless. I didn't do anything different when I help a paying job. I just believe that these people are underpaid and that the tax law assumes that on average people tip 15-20% which is NOT true. If I tip them in cash I don't know if they will claim it or not. I'm not "abetting" anything. But if she is a single mother who can't afford to pay the taxes on her tips without starving her kids, i should hope she doesn't.
iVillage Member
Registered: 08-01-2003
Fri, 10-03-2003 - 2:12pm
rotflol~ At least Iam smart enough to admit IAM WRONG! I stand corrected...


So i will change my position...our waiters are not making 100,00o cash and you do by law have to claim 100% but I doubt many server's are doing it....




Edited 10/3/2003 2:30:05 PM ET by silverunity

iVillage Member
Registered: 03-25-2003
Fri, 10-03-2003 - 2:14pm
Yes. I am aware it is illegal for them not to report it. But if I pay the tip with a CC they have no choice.
iVillage Member
Registered: 05-28-2003
Fri, 10-03-2003 - 2:14pm
thank you. hee hee.

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