[–] 25096743? 4 points -2 points 2 points (+2|-4) ago
The memo says ‘ The deferral shall be made available with respect to any employee the amount of whose wages or compensation, as applicable, payable during any bi-weekly pay period generally is less than $4,000, calculated on a pre-tax basis, or the equivalent amount with respect to other pay periods.’
If you make $2k/week or more you’re not getting shit. Get ready to strap more lazy fucks on your backs middle classers.
I want off this ride now.
[–] 25170128? ago (edited ago)
The payroll tax is the income tax that you owe the govt that is withheld by your employer who remits this to the govt on your behalf. So basically you pay no tax on your income. Does not affect Social Security. Self employed people don't participate in payroll tax, they pay in a different way.
[–] 25095840? 0 points 30 points 30 points (+30|-0) ago
And there you go. Reset.
[–] 25096880? 8 points -3 points 5 points (+5|-8) ago
Taxes only though. Months ago people were spreading false rumors it was going to be all out loan, debt and mortgage forgiveness. I’m sure the IRS isn’t pleased with this announcement as normies begin to realize the IRS is now viewed as less mandatory than they were before this announcement.
[–] 25096894? 0 points 9 points 9 points (+9|-0) ago
One step at a time ok?
[–] 25097220? 0 points 3 points 3 points (+3|-0) ago
False rumors? You KNOW this how?
[–] 25099507? 0 points 1 point 1 point (+1|-0) ago
the IRS has been forgiving back tax debt for months. I'm a lawyer. I have clients this has happened to. I was shocked - to put it mildly. Didn't think it would actually happen. Right now, it looks like at least some debt is being forgiven on taxes that were due for the years 2017 and earlier. . From my understanding on the Mortgage/loan forgiveness issue.. there are some who believe there will be a return of "overcharged" interest on mortgages, loans and credit cards. Time will tell how far this goes. I certainly don't know. But, with what I've seen lately, it just might be better than I thought.
[–] 25097540? 1 point 6 points 7 points (+7|-1) ago
Love Trump bringing this, looking forward to next months reactions when people get their paychecks, eat your heart out Bernie, commie marxists socialists... antifa and BLM want everything for free, but will be rioting to get taxed more
[–] 25098296? 2 points 2 points 4 points (+4|-2) ago
Absolutely. But the morons thinking all debts and mortgages will be erased are out of touch with business reality. More examples of people wanting something for nothing.
And yes, downvote me if it helps you cope with that reality.
[–] 25098265? 0 points 1 point 1 point (+1|-0) ago
Will they be getting the extra money? Or will it be held due to it (((possibly))) being just a deferment.
[–] 25097528? 1 point 2 points 3 points (+3|-1) ago
Reset, set and match, Trump!
[–] 25098392? 2 points -1 points 1 point (+1|-2) ago
It's not enough. He needed to roll it back completely independent of income level. While I applaud the effort and the impact it will have, he's actually made the progressive tax system worse.
[–] 25100989? 0 points 1 point 1 point (+1|-0) ago
You don't seem to be grasping that you don't unroll all at once ...