Short interview segment from a Your Advisor YouTube video in which Robey, a hairstylist, introduces himself, describes ~10 years in the trade and growing up in salons, and explains that removing tax on tips (the “One Big Beautiful Bill”) would significantly help his small business—keeping more income for hiring, investment, and potential expansion.
Chapters
I'm Robey. I'm a hairstylist, and I'm doing haircuts today at the White House. Y' all come with me.
So, Robey, how long.
Have you been cutting hair? I've been cutting hair for about 10 years. I grew up in the salons. Both my parents are hairdressers.
But my career.
Really kind of took off when I moved to Manhattan.
You're two years in, started your own business, and the president now is going to impact your business in a way that it could never be impacted in any other way.
Absolutely. No. Tax on tips is going to be huge. Because as a small business owner, expenses business pop up.
Yeah, like what?
Air conditioning, asphalt, you name it. Business is going pretty good. I'm looking forward to the big, beautiful bill passing.
Would you say, like you and your five other employees mostly live off the tips? Tips are a big.
Part of my income. And for me, having to not pay taxes on that, it's going to keep more money in my pocket.
With more income, you'll be able to invest in more product and personnel.
Yeah, I'd be able to hire more people, expand my salon, maybe even open an additional salon. If there's nothing more American than growing a small business. No tax on tips is genius.