How Trump's tax law boosts the wealthy and leaves behind some workers he promised to help

President Donald Trump pledged “no tax on tips, no tax on overtime, no tax on Social Security.” For some who are filing their taxes this year, the reality is different.

This article is part of “Unaffordable America,” a series examining rising economic inequality in the U.S. and the policies that drive it.

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It’s a tough time to be serving drinks on the Las Vegas strip. Visits are down and those who are coming are tipping less, if at all. That’s according to Sherie Cummings, who would know: She’s worked as a casino cocktail waitress for more than 20 years.

This year, though, she looked forward to a financial bright spot. She expected a bigger tax refund for her and her husband, a bartender, following President Donald Trump’s pledge of no taxes on tips. But despite the couple earning about $60,000 in tips last year, their refund wasn’t as big as she expected. That’s because of a cap, she learned, on how much in tips they could deduct.

https://www.nbcnews.com/business/economy/trump-tax-law-tips-overtime-social-security-outcome-wealthy-reality-rcna266612


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