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3 days ago
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Severance's Jen Tullock on overcoming financial trauma and shame
In this candid and emotional interview, actor and writer Jen Tullock opens up about the deeply personal intersections of financial trauma, queerness, and healing. Jen tells hosts David & John Auten-Schneider how growing up in an emotional and cultural chaos environment shaped her early relationship with money. Tullock reveals how she hit financial rock bottom - but also gives great insight, emphasizing the importance of therapy for separating self-worth from economic status. With vulnerability, humor, and heart, Jen Tullock offers a story that many in the queer community will recognize - and celebrates thriving with your real, authentic full episodes of Living Not So Fabulously, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Living Not So Fabulously is produced by Dennis Golin. My value is linked to the money I do or don't have. In this interview, pay particular attention to our discussion around healthcare in the movie and TV industries, and the hamster wheel that everyone seems to be on. I'll say it'll shock you. Yeah, I agree, it shocked us, and it begs the question why we make it so hard for actors and musicians trying to get their big break, AKA startup hearing that term here first, and I'm publicly givingnullo the copyright privileges to to living not so fabulously. So David, be honest, if you had the option to sever your professional self from your personal self, would you doit? no, absolutely not. That would mean forgetting you. And let's be real, I forget enough of what you tell me on a dailybasis. How rude is that? But fair. Besides, who wants to separate their professional self from the work self and not share the best parts of themselves with their favoriteperson? Exactly. And speaking of brilliant people who blur all the boundaries in all the best ways, Jen Tulloch is a Kentucky and all-round scene stealer, best known as Devon in Severance on Apple TV, and Anita Saint Pierre on HBO's Perry Mason. She's a Sundance alum, a stroke survivor, and a proud lesbian who once said her goal in life was to be a character actress who gets fan mail from librarians. So she's our kind of people, to the show, Jen. Thanks y'all. I'm so happy to be with you. Thank you. Yeah, so you portrayed queer actors on several shows including Severance and uh as as Anita uh Saint Pierre on Perry Mason. How do you infuse your personal experience as a queer person into roles like that? Those two were were certainly different beasts to take on with Severance, um, my character is married to a man, but our show creator Dan Erickson and I had always discussed the fact that she had probably had a pretty splashy time in her twenties and dated people of all genders, and I always joked that I think she probably played rugby at Oberlin and had like a hot rugby girlfriend, you know, named like Tank or and then, and then met, met her husband, fell in love and settled down, but we had talked about before, before the episode or sort of revealed officially that she was queer, that she had been, and I said, you know, something we don't see very often represented, I think, in TV and media at large is uh our queer people in straight relationships. And um I've I've never ventured that way myself. I'm about as gay as a sequined handbag, butI did think it was important for that character to distinguish, whereas with Anita on Perry Mason, that was obviously such a different situation playing someone who's closeted for obvious reasons in 1933 and um having to that that entailed, both story wise and just physically what it looks like to be in a relationship with someone, for which, you know, you could have been jailed. So uh that was really special and and bittersweet to play. Yeah, absolutely. So in severance, if we understand correctly, you sort of impro improvised the line revealing that Devin was a queer character. Dude, I left you like 5 messages. Are you better? No, well, I'm still sick. Well, you can't not pick up when we're doing corporate espionage shit. The floodlight thing was a bust, right, because I have had an idea that is a little dumber. OK, Devin, do you remember the rich lady from baby camp, the one I like kinda hard to crush on? Do you have that kind of autonomy and was was like were the producers and directors all prepared for that coming out? We're pretty biblical with the script on that show, I think because it's so meticulous and focused and intentional, it's not a huge improv heavy set, um, but because of the space, I think that my character and Adam Scott's character, his Audi, uh Occupy on the show, I think we probably have a little bit more wriggle room because they uhThey wanted to feel lived in and fraternal. So that was one of those moments where we were just being cheeky. I, if I remember correctly, it was the end of a long shoot day and it was one of the last takes and I just set it off the cuff. Um, and I was so pleased that they kept it, and I ended up texting Dan and I was like, is this OK? I think I accidentally outed her. And he was like, no, we'd always talked about that, so we were eager to keep it in, but it was funny to see the internet response to it. It was wild. So then that that's really interesting, not surprising, but it's really interesting that, of course, the internet caught on fire when you say like when you outed your character. So, what was, what were some of the things that they were saying and, and what was your reaction? How did you handle that? I, it was,it was twofold for me or or two pronged I should say. One, I was just thrilled that that people, straight and queer, seemed really excited at the prospect. There was a lot of uh there were a lot of responses I saw online that were like, oh this makes so much sense, of course, um, but one thing I did have to contend with and felt like it was my responsibility to contend with, was when people would say fans would say, oh well, that's know, there's a fissure in her her marriage. That's why she's with somebody like Rick and who we don't think is right for her, and I get really defensive of their relationship, both because I trust why they're together as characters and because of my personal love for Michael Turners, the actor who plays Rickon so much. And I had to say, no, it's not because she's actually gay. I think this is a pansexual person who who fell in love with this man and has for whatever to carve out a life with him and um I think that it was important for me to to respond to some of those and say, no, it it's, you know, we, my, uh, there are plenty of people in my life that are queer and have dated and had meaningful relationships with all genders that found themselves in an opposite or, or hetero, you know, normative relationship and felt a little, you know, erased and, and because of that, and I, I, I respect that feeling, so I wanted to make sure people knew it wasn't, oh well, she's gay, and so that's why she's not all over her husband. I think she's just in a boring marriage cause they just had a baby and we ran an interview once and somebody said, why they together, we don't get it, and Michael Turner said, have you ever been to an airport?Like, have you ever, what a marriage actually looks like? And I thought that was so well said. Yes, but I appreciate that you had the courage to throw that in there and that the producers and directors kept it there, because I don't know that straight people can truly understand what it means to get that indication that there's somebody like me in this particular world that I can, I can, I can understand with, and it was done with such authenticity and um not like overblown in any way, shape or form, it was just said in passing and it's more like real life. it should be, you know, I think there was the, the Reddit lore that that came out after that time, uh, I had friends send me a lot, and it was I was tickled reading it and and that you tickled that people cared, but also, um,Uh, making it a big coming out moment to me wasn't the focus, because my, my hope is that in life, that's what we're moving towards, that our, our queerness, our gayness is just 11 aspect of many, you know, about ourselves. And, um, for Devin, that's certainly true. I think that she didn't leave behind women to be with a man. She's a queer person who dated people before Rickon and is now with Rickon. And also,Normalize married people having crushes, you know, I think like it doesn't mean stepping out on your partner. I think that uh it was it was a funny moment for me to be like, yeah, I just met this really cool, you know, uh, gorgeous person at the birthing cabin and woo, uh, it's funny the actress who plays Abby, a person that Devin is the character Devin is talking about in that name is Nora Dale, she's great. And I texted her and I said, listen, sorry to accidentally drag you into this too, but we're in itnow. Yeah, absolutely. So thanks for sharing that. If you're just joining us, we're talking with actor and writer Jen Tullo. So you, you've mentioned that me. You mentioned that fiction is cheaper than therapy. Do you mind elaborating on that? What does that mean exactly? I think like many people that were raised in restrictive religious environments, I was raised uh in an incredibly conservative evangelical community in Kentucky, and I knew early on that I didn't fit there in many ways, um, namely my queerness, but also just being a weirdo, and uh I think that I had alwaysBe acting any way that I can, like I was taking, I, I was, if it meant being on stage at church, yes, I would take it. If it meant finally convincing my parents to let me audition for a community theater uh production of Fiddler on the Roof in Southern Indiana, I took it. And let me tell you, I dazzled, I dazzled in the ensemble, but I, I think there'sI'll, I'll tell you what it is. When I was young and and saw Funny Girl for the first time, which is the story of, I think so many actress, um.I thought, that looks closer to the outline of how I see myself, and my grandparents, my beloved grandparents did a wonderful job of introducing me to old jazz, like they played Bill Evans for me and I can Cole and EiddoJ and Betty Carter and uh showed me all the old MGM musicals, and I remember thinking I felt suchRespite and comfort when I was living inside of those musicals that I wanted a life that kept me in close proximity to those stories and that genre that felt like my friend. I was like, I just want to be with my friends. And these old movies were my friends. And so I, I think I wasI knew early on that I wanted to be in show business and umI guess to answer your question more pointedly, when you're having to channel intense feelings as a character, I find it easier to grab when you have the mask of a character than it is for me in my waking life, where I, I think there, I probably have some more restrictions I've put on myself emotionally. So the irony of, um,You know, having to live a truthful moment that is make-believe is not lost on me, and probably my therapist either. Gotcha. Thank you. I, I really appreciate you sharing that. Um, I, I, I, for two reasons. One, I was raised a Jehovah's Witness, so I know exactly where you're coming from in that kind of being raised in that kind of household, and the idea that fiction is something that you would I I gravitated towards, um, literally whenever my parents would go out of out of town when I was a teenager.I had set aside money so that I could go to the video store and rent queer themed videos that I could only watch when they were out of town. And so I, that was kind of my therapy during that time period, you know, we're talking about my my later teens, and so I completely understand that. It it kind of speaks to this idea that sometimes we do need to, as queer some of the aspects of our lives and some of that sometimes is financial. Have, have there ever been any financial constraints that have shaped your creative endeavors? Oh my God. Financial restraints have have shaped every aspect of my life. I think being raised in a conservative Christian environment meant that scarcity was often mythologized and ultimately weaponized because it was part of a system that posited that you had no control of your predestined life. And so any moment of abundance or scarcity was divinely appointed. And so if it was abundance, well, you must have done something right. And if it was scarcity, well, you must have not done something right. AndThatThat honestly colored my relationship with money. It still does, uh, for a long time in a really detrimental way. I, I think, um, I was raised in an environment where there wasn't money in the money, that there was was often, um,Uh, mismanaged and, and by no fault of my parents, they were very young when they had me, um, and.I thinkI realized early on that this is also very Southern. My, my, my mother's from Arkansas. My dad's from North Carolina, and I was brought up in Kentucky, and the mythologizing scarcity is very Southern. It's very Tennessee Williams to me. It's like, well, we can't do that. Well, we can't, we don't have the money to do that. And it would be, you know, there would be moments where I would say, oh, I, you know, I need, I think a new pair of shoes for school, like my shoes are falling apart, and you'd be like, what do you think this is?You know, but, you know, we don't have that money, and they were doing. My parents were doing their best. Like I, they were struggling and, and, uh, but, but I remember thinking at that time, oh, my value is linked to the money I do or don't have, and I think there are certainly ways to live a life with not very much money and not feel that way, but I think it was baked into the culture, especially as a in the church, it was like, well, the Lord will grant you what you need, and if you are not granted that, then maybe that's something to examine, you know. Yeah, yeah, absolutely, sort of weaponized in a way. So I'm, I'm curious with all the anti-LGBTQ plus initiatives today, thinking about your backstory, do you think a young gen Tullock from KentuckyStill feels hopeful today? I think I have I, I, my head will pop off my body and roll across the floor like a bowling ball. It's a terrifying time in this country. It's certainly terrifying in other parts of the queer people, um, I think especially like our trans siblings right now, um, that keeps me up at night, but I, you know, I have a 10 year old stepson andAs cliched as it is, it's true. I haveMy relationship with him has altered the way I think about I, I look at him and the freedom with which he lives his life and the friends of his that are gender expansive, um, and so very much themselves and so situated comfortably in themselves in a way that I didn't have access to at that age. And I think, well, they, if they're doing it now, we're going to be OK. And, um,Yeah, but it's scary. It's, it's, it's scary, and you know, I think for those of us that are lucky enough to live in communities that feel safe for queer folks, it's also been a great wake up call to remember thatUh, just because your state is blue doesn't mean there isn't bigotry, and I've, I've experienced since this current president has been back in office, um, a, energy shift and moments where I thought, oh, this person that lives in my very progressive New York community feels deputized now to say questionable about queer people that they wouldn't have otherwise. Yeah, it's an interesting word deputized. It's a very poignant. Yeah, it definitely is. Speaking of another scary experience in your life, um, you went through having a stroke, and you have a solo show about this. You talk about it in your show, you shall not, I'm sorry, you shall inherit the earth, did this health event affect your financial planning or perspective? I think it affected me uh generally in the sense that IAny any semblance of security or safety or implied uh like rights to safety and health went out the window. I think this probably is often the case for people that suffer any type of sudden health event, shook me in a couple of ways, uh, namely that when I didn't know what was gonna happen when I'd got into the hospital and I had expressive aphasia, so I wasn't really able to speak properly, um, and they said, oh, you know, we need to just make sure you don't go to a brain bleed cause that's where things can get really dicey. I thought, oh, right, this isn't, OK, this is happening. And I remember being, I talked about this on my show, but being uh pushed into the MRI machine and I found myself I hadn't prayed in in decades, and I, whether or not it was by rote or, you know, just sort of a trauma response from muscle memory.I don't know, but all I know is that my body did something that my mind did not give consent to. And I remember thinking, I have to look at this. If I, if I make it through this and I'm fine on the other side, which, you know, thankfully I was, I, I need to look at this moment and what that means for me. And, um, but as far as finances are concerned, I don't have to tell you, the American medical system is a the the health insurance system is a gauntlet, it is, it is built to fail. It is a a a classist, capitalist, in my opinion, that does not serve way that uh the way that it could and should. And I was very lucky when I had my stroke that I had good health insurance, um, through my job, and that I was able to get the care that I needed. But I also know, you know, I, I was telling you before, when my wife and I were in France, I had like a little problem with my eye. I had this thing called neurovascularization of your cornea, which means I had like a blood vessel content warning, like growing into my cornea, and it burst and it was bleeding in my I had, I spent hours on the phone when we got back to the states finding someone that took my insurance. But the first doctor I saw said, you have to see a corneal specialist, otherwise you could lose vision in your eye. But I was like, I can't find anyone that takes my insurance and out of pocket, it was going to be astronomical. And I remember thinking, yeah, this is how it happens. There's so many preventable health emergencies in our country because we make it nearly impossible to get care. Absolutely. So please hold that thought. I want to continue this discussion right after this back to Living Not So Fabulously. We're talking with one of the stars of everyone's favorite dystopian sci-fi, Severance Gent continuing the discussion we were having before the break, Chapo Rone recently famously shared that the music, the music industry's inadequacies with covering performers' health insurance. How are the movie and television industries the same or different with health care coverage, especially for startup stars? Yeah, I for one thing startup stars is the most generous description I've ever heard of a fledgling actor. Um, I think that that's incredible. I'm gonna start, I'm gonna start referring to myself as a startup star. I think, um, I think when, when we had the SAG and and WGA strikes a couple years ago, uh, which actually started the day before I had my stroke. I always joke that's why I had one, but I, you know, we were, everyone was doing their best during that time to negotiate better with our, with, with my union, and I'm in a couple, I know for actors Equity, for stage actors it functions a little differently, but with SAG, it's commensurate with your, uh, your quarterly income, so you can lose it just as quickly as you, you got it. And I've had friends that had insurance because they had worked enough in that have their insurance, have a health problem. I, I know a a a person I I really like in LA, a gifted comedian was, was diagnosed with cancer and had just lost her insurance, but couldn't work enough to make it back because she was so I know, I know that people in the union are working hard to rectify that and and make it more accessible to people, but it's tough, you know, where we live under capitalism and it's, it's, it's pay or play more often than not. And so I evenThere, I, I think I'll I'll speak for only for myself, but you could be in a situation where you're on a successful show and maybe you've just shot a string of successful things, a big studio movie and a couple of shows, but then if you have a a hiatus where you're not shooting, meaning you're not technically on payroll, you could be on the highest gross grossing show in the country and still lose your Els and res because you didn't technically have enough coming that quarter to maintain it and now with the residual model being what it is, um, you know, now some of that changed uh during the strikes, which is great, and I'm sure someone in the comments is going to correct me from the union, but I may be misquoting it, but well we, you know, we, most of the streaming shows did residuals uh until the strike. So back in the day, you know, TV actors on network shows, you'd be good if you didn't work for a while, you had some residuals coming in that would maintain you and your insurance, an ever changinglandscape. That's so convoluted and way harder than it needs to be. Well, I yeah, I think we, we have this kind of perception of you're, you're on a big show and oh, once you've landed your big gig, your life is like, oh, it's easy now. you just hit the easy button. It's easy in the sense that it's wonderful to be a part of something I feel proud of and it's amazing to have more access to other work that that for me has always been like the biggest but no, none of it goes away, you know, like you can't, uh, for by no one's fault, you know, we, we, we, as, as everyone sort of knows now, it took a, took a while to make these two seasons of severance, and it, again, it was no one's fault. We, we, COVID happened and then the strikes happened. We keep joking but like what's left a hurricane, a tsunami, or an asteroid, um, to keep us, keep us from season 3, but of that, you know, weWe're all scrambling to work elsewhere in between, but then when the strikes happen, we couldn't work at all. And so most of us went back to the stage, which was great, but, uh, not always the most uh lucrative endeavor. And it, it's, it's one of the number one, I think, misconceptions about, um, what I'll call middle class actors, which is working actors, consistently working actors, working on great things, um, but you don' I wish I had been told as a young actor, as a as a startup uh star was um much, what a big percentage of your income goes to other people. You know, you're, uh, you could be making more money, which is great, but you're, you're paying lawyers, managers, agents, publicists, sometimes stylists out of pocket, um, and those things sound, uh, elective or, or, um, by choice, but they're they're not always, like you, those are all things that you need to sort of keep the train uh yeah, so it's like the more, the more you make, the more you have to make to keep it up. Yeah, very insightful. Definitely. So I'm gonna kind of weave two questions here. We usually like to, to get when we get towards the end of the show, ask folks that we're interviewing, what is one piece of personal finance advice that you would give to the LGBT community, but I'm gonna actually weave this in with idea that you're talking about right now is of how do you cope with income fluctuations because we're seeing more and more queer people end up in 1099 roles and roles where they don't have work, yeah, contract work. So do you have any suggestions or what piece of advice would you share with the community? Yeah, and that doesn't surprise me because I think oftentimes when you're in a sort of life where you're having to hide part of yourself, where, you know, I'm 41 and coming out at 19, it still was, um, it, it, it still wasn't a totally safe time to be out, um, in the workplace, you could still certainly be discriminated against or not hired altogether, especially if it were straight men that were making the decisions. And I'd flat out been told that before, early on in my career. not to say I suffered greatly. I've been very lucky in a lot of ways, but um I think because a lot of queer people come from a scarcity place, whether it was because they were kicked out of their home or didn't feel safe in their home, that it is generally harder, I think, for for queer folks to find consistency and to prioritize consistency because we were raised in a in a sort of chaos and in an emotional chaos, a cultural chaos. And so my advice would just beIt it by by any by hook or crook, if you can get into therapy for me healing, the first part of that experience is imperative to developing a healthy relationship with money, even if you don't have any. It took me years to get to the point where in a moment of financial tumult, I didn't go into total adrenal overdrive, where I was in my amygdala, where I was in like fight or flight. Um, I, the greatest shame I've ever experienced in my life has been around the greatest terror and has been aboutBecause the worst case scenario did happen to me a couple times when I was younger. I did run out of money. I did sleep in my car a couple times and like I did not have any resources, and thenAt points in my life, I was lucky enough to have folks that helped me, um, and eventually was able to work enough to survive and and thrive, but I would just say,It sounds impossible, but if you can find the mental health resources to try and separate the shame from the money you do or don't have, it's really, to me, very important. That is great advice. Thank you so much for sharing that and thank you so much for coming on the show, Jen. It's been a thrill having you. Thank you for having me. It's lovely to talk to you. So I love that interview. Jen is so super insightful. So what was your takeaway? So I think that Jen's take on how religion shapes our money beliefs is really powerful. If those beliefs are hurting more than they're helping, it may be time toSever them, or at least realign them with support from a therapist or even a financial therapist. I mean, did you know that many of our money habits are actually formed by the time we're age 7, oftentimes shaped by our family, our faith, or even fear. Yeah, it's quite surprising. So, did you also know that there are certifications for financial therapy? If money stress runs deep for you, this might be the help that you need. For even deeper healing, check out the chum of money Financial Therapy Association or the Chama Money Institute for more information. Thanks for tuning in. Like what you see, scan the QR code and follow Yahoo Finance podcast for more videos and expert insights, because when you do, you get all of the financial insight with none of the creepy break room vibes. And until next time, stay fabulous. This content was not intended to be financial advice and should not be used as a substitute for professional financial services. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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4 days ago
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Severance's Jen Tullock on overcoming financial trauma and shame
In this candid and emotional interview, actor and writer Jen Tullock opens up about the deeply personal intersections of financial trauma, queerness, and healing. Jen tells hosts David & John Auten-Schneider how growing up in an emotional and cultural chaos environment shaped her early relationship with money. Tullock reveals how she hit financial rock bottom - but also gives great insight, emphasizing the importance of therapy for separating self-worth from economic status. With vulnerability, humor, and heart, Jen Tullock offers a story that many in the queer community will recognize - and celebrates thriving with your real, authentic full episodes of Living Not So Fabulously, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Living Not So Fabulously is produced by Dennis Golin. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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4 days ago
- Business
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Risks of the Trump-backed 'no tax on tips' proposal
Some Americans believe they can skip reporting their first $25,000 in tips under President Trump's new tax proposal, but it could cost them later. John and David Auten-Schneider, co-hosts of Yahoo Finance's Living Not So Fabulously podcast and creators of the Debt Free Guys, explain how underreporting tips could reduce Social Security and unemployment benefits. To watch more expert insights and analysis on the latest market action, check out more Wealth here. The Senate is starting to discuss the Trump back tax bill passed by the House of Representatives last month. One part of the bill that has broad appeal is a no tax on tips provision. The policy would exempt up to $25,000 in tips from federal income tax for people making less than $160,000 in 2025. But there are some risks that Americans should be aware of. Here to explain, we've got the debt-free guys, David and John Orton Schneider, co-hosts of the Living Not So Fabulously video podcast as well. David, let's start with you. There seems to be some confusion around whether tips below the $25,000 threshold should be reported when filing taxes. Could you break it down for us? Certainly, Brad. Thanks again for having us back. So, there's long been confusion around how much tips really need to be reported, depending on what industry you're in. Some people say a certain percentage, some people say you don't need to report at all. And now, we think that some people are starting to float this idea that you don't need to report the first $25,000 of your tips. And that's truly not the case. We don't want folks to look at this as an opportunity to say, "I don't need to report the first $25,000 of my cash tips to my employer." And really the reason for that is that your employer with this bill will have the opportunity to basically take a $25,000 deduction from your reported tips that are withheld for federal income taxes only. So, federal income taxes on the first $25,000 would not be withheld. And it's important here that you want to report all of your tips, and there's multiple reasons why. So John, let's talk about the downsides here. This policy does bring some risk to people's future retirement. How so? Yeah, and to be clear, the downside is only related to underreporting or not reporting your tips at all. So for example, in 2025, you must earn $1,730 to receive one Social Security work credit, for a maximum of four credits per year. So in 2025, four times $1,730 is $6,920. That's the maximum that you can earn per year, even if you earn more than that in a year. To qualify for Social Security, most workers must have 40 work credits, which usually takes most of us about 10 years to meet that threshold, unless you underreport or don't report all your tips. Then it's going to take you a lot longer. Plus, there are other benefits you can get from Social Security from reporting all of your income, including your tips, that you don't want to miss out on later in life. Now David, under this policy, there's some risk to your money if you lose your job. Why is that? Right. Again, the risks here are when it comes to when you lose your job is related to underreporting or not reporting your tips, especially if you think you don't have to report that first 25,000. If you don't fully report your tips, you can miss out on accruing unemployment benefits. Unemployment benefits are really based on your reported income. Depending on the state, they look back anywhere from about four to five quarters to see what you've been reporting for income, and that's how they calculate that. So the lower your reported income, the less you're going to receive in unemployment benefits, which is something that a lot of folks really realized that happened to them during the pandemic. All of a sudden they realized that they weren't getting any unemployment benefits, or were getting less because they weren't fully reporting their income. And again, this is dependent on the state-level calculations. So you want to make sure you're reporting fully your income so that you get the max benefit if you are laid off or furloughed. Now, John, under this plan you may not pay federal taxes on tips, but there are other taxes that you'll still have to account for, right? Yes, whether or not this becomes law, this is only affecting the federal law. You still are required to pay state, city, local income tax based on whatever you're required to do in your region. In addition, you and your employer are required to pay Social Security and Medicare taxes on all the tips that you earn. And of course, you're probably going to want to have Medicare sometime down the road. So again, this no tax on tip only affects a total of federal taxes of up to $25,000. You still want to report it, even though you're not going to pay taxes on that first 25k. John and David, good to see you. Thanks so much for breaking this down for us. Thanks for having us again. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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4 days ago
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Risks of the Trump-backed 'no tax on tips' proposal
Some Americans believe they can skip reporting their first $25,000 in tips under President Trump's new tax proposal, but it could cost them later. John and David Auten-Schneider, co-hosts of Yahoo Finance's Living Not So Fabulously podcast and creators of the Debt Free Guys, explain how underreporting tips could reduce Social Security and unemployment benefits. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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28-05-2025
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- Yahoo
You can't build wealth while avoiding responsibilities
In this episode of "Living Not So Fabulously," John and David speak with Patrick Hinds, podcaster, author, and fabulous storyteller. He reveals his raw and relatable life about money, mistakes, and reinvention. Best known as the voice behind "True Crime Obsessed" and "The Golden Girls Deep Dive," Patrick opens up about growing up with very little, being raised by a newly out gay mom, and learning about money the hard way. Patrick shares how his finances spiraled in his 20s as he avoided bills and tried to maintain a fabulous New York life on a not-so-fabulous paycheck. From failed daycares to podcast tours, this episode is a funny, heartfelt, and brutally honest look at what it takes to turn chaos into confidence - and debt into freedom. For full episodes of Living Not So Fabulously, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Living Not So Fabulously is produced by Dennis Golin. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
