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: 05-28-2003
Fri, 10-03-2003 - 1:05pm
First of all, that's not what you initially posted.

Second of all, what percentage would that be?
iVillage Member
Registered: 05-28-2003
Fri, 10-03-2003 - 1:07pm
Silverunity said that you only have to *report* a percentage of the tips. I thought you'd have to report 100% of the tips since it's "earned income." Am I wrong?
iVillage Member
Registered: 08-01-2003
Fri, 10-03-2003 - 1:07pm
That is exactly what I said...here...


http://hourlyandskilled.monster.com/rest/articles/taxingtips/ this one is a eye opener...

So i dont unintentionally confuse anyone more.


Edited 10/3/2003 1:10:41 PM ET by silverunity

iVillage Member
Registered: 03-26-2003
Fri, 10-03-2003 - 1:09pm
Nope, you're right. I think the reporting percentage is a prosecution safe harbor, but we need lukeslawmom to clarify.

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iVillage Member
Registered: 07-21-2003
Fri, 10-03-2003 - 1:10pm
No, I don't. I also know that the vast majority of waiters aren't making $100,000 a year. That's a small percentage in very high end restaurants in places like Manhattan, S.F. and some resort areas. They are also busting their arses for that money. They aren't pulling down that kind of money at the local Denny's.
iVillage Member
Registered: 03-26-2003
Fri, 10-03-2003 - 1:11pm
But you're reading the article wrong! It says if waiters only report tips of 5-10%, the IRS might go after individual waiters as well as the restaurants, because tips average 15 or even 20%!!!!

This does NOT say it's LEGAL for a restaurant or a waiter to underreport income.

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iVillage Member
Registered: 07-21-2003
Fri, 10-03-2003 - 1:12pm
Now that's funny. My impossible lifestyle? What's so impossible about it, the fact that I clean my own house, never had a nanny, work as a substitute and cook all my own meals? Yeah, that's freakin' unbelievable!
iVillage Member
Registered: 05-28-2003
Fri, 10-03-2003 - 1:13pm
Um, the article talks about what the government is trying to do to battle underresporting of tips. It doesn't say that the waiters don't have to report all of their tips as "earned income."
iVillage Member
Registered: 08-01-2003
Fri, 10-03-2003 - 1:14pm
No no...i threw that one on there so you know as a owner we do it legally...and would not get disqusted befor i offer you this...


http://www.restaurant.org/legal/tips/


here~

iVillage Member
Registered: 07-21-2003
Fri, 10-03-2003 - 1:15pm
"I worked long hours (even though I liked my job that was drudgery). Nothing to clock in at 6 or 7am and be there until 8 at night. All the stuff my dh deals with. Plus getting beeped for questions or to run in during my off time or middle of the night. Ugh! "

We are talking about the job that brings your husband "nothing but joy" aren't we? Afterall, he comes from old money, he doesn't have to do his job.

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