No Tax on Tips: What the IRS Ruling Actually Means for Workers and the Economy
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 15 April 2026
⏱️ 47 minutes
🧾️ Download transcript
Summary
The IRS has published its official list of occupations that qualify for the new 'no tax on tips' provision, giving millions of service workers potential tax relief. We examine the economic impact of this policy, who really benefits, and what it might mean for consumer spending patterns.
Today's Stocks & Topics: Dutch Bros Inc. (BROS), Market Wrap, Nestlé S.A. (NSRGF), Nestlé S.A. (NSRGY), No Tax on Tips: What the IRS Ruling Actually Means for Workers and the Economy, HF Sinclair Corporation (DINO), The International Monetary Fund and Global Economy, Sandisk Corporation (SNDK), Western Digital Corporation (WDC), The Curve Steepener and the War.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on invest talk.com, and for our podcast subscribers, this is InvestTalk. Incependent Thinking, shared success. |
| 0:17.7 | InvestTalk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.1 | Here is KPP Financial Portfolio Manager, Luke Guerrero. |
| 0:33.0 | Hey there, everybody, and welcome to the Tuesday, April 14th, 2026 edition of InvestTalk. |
| 0:42.6 | I'm your host, Lou Guerrero, and I'll be with you over the next 55 minutes or so to run down the stories of the day, go through our very important main focus point, and most importantly answer your finance and investment questions. |
| 0:55.4 | To that end, before we talk about today's market performance and discuss those show topics, |
| 1:00.4 | why don't we kick it off by answering a fresh caller question now? |
| 1:03.9 | Hi, Luca Justin. I was calling to get your take on stock Dutch Bros. I just wanted to see what |
| 1:09.3 | you thought about it, and it might be a good time to get into it. Thank you. Dutch Bros. I just wanted to see what you thought about it and might be a good time to get |
| 1:12.5 | into it. Thank you. Dutch Bros. Inc. is ticker Bros. B-R-O-S. And it is a drive-through beverage chain that |
| 1:21.5 | specializes in handcrafted coffee. They do energy drinks. They do cold brew, cold brew, that is. And it's really built on |
| 1:31.0 | some type of really cult loyalty model that has led to rapid unit expansion across the |
| 1:40.6 | Sun Belt and in other parts of the United States. In fact, looks like Q4 2025 revenue |
| 1:47.3 | showed 29.4% year-over-year growth. That beat the expected 25% growth earnings per share. |
| 1:54.5 | Beed by about 89%. They had 17 cents per share. The expectation was 9 cents per share. |
| 2:00.2 | Same shop sales was up 7.7%. Company operated |
| 2:03.8 | same shop transactions was up 7.6%. So you're seeing this really be volume driven, not price |
| 2:11.3 | driven. They opened 55 new shops in Q4 alone across 17 states. And in forward-looking guidance for fiscal year |
| 2:20.2 | 2026, they guided their revenue up to 2 to 2.03 billion with same shop sales growth at 3 to 5 |
| 2:27.4 | percent. And they plan to open about 181 new openings. Their CEO at the time said that they delivered on their record-breaking year, |
| 2:36.8 | and that sets them in a good position to achieve this goal they have, which is opening up |
| 2:40.4 | 2,029 shops by 2029. Now, they recently hit a high at the beginning of this year, |
... |
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