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[–] 25095840? 0 points 30 points (+30|-0) ago 

And there you go. Reset.

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[–] 25096880? 8 points -3 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.

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[–] 25096894? 0 points 9 points (+9|-0) ago 

One step at a time ok?

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[–] 25097220? 0 points 3 points (+3|-0) ago 

False rumors? You KNOW this how?

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[–] 25099507? 0 points 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.

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[–] 25097540? 1 point 6 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

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[–] 25098296? 2 points 2 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.

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[–] 25098265? 0 points 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.

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[–] 25097528? 1 point 2 points (+3|-1) ago 

Reset, set and match, Trump!

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[–] 25098392? 2 points -1 points (+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.

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[–] 25100989? 0 points 1 point (+1|-0) ago 

You don't seem to be grasping that you don't unroll all at once ...

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[–] 25096375? 0 points 11 points (+11|-0) ago 

That will get about 75% of the population voting for him. (((They)) aught to be afraid since Dems just proposed raising taxes. These people are stupid.

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[–] 25097186? 0 points 4 points (+4|-0) ago 

In his book, Crippled America, he proposes reforming the tax structure so that anyone making under $25K/yr and $50K for couples would not have to pay tax, and that taxes would be simpler for businesses, and lower overall.

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[–] 25097061? 0 points 7 points (+7|-0) ago  (edited ago)

Payroll taxes should be cut entirely. We don’t need to fund Democrat programs anymore. They steal our taxes to line their pockets. This memo he released is a half measure and will only give parity to the losers out there rioting.

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[–] 25101062? 0 points 1 point (+1|-0) ago 

Bit by bit, do you try to eat an entire large pizza in one bite?

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[–] 25096743? 4 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.

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[–] 25096839? 2 points 9 points (+11|-2) ago 

2K a week is a fuck ton of money. If you're hurting after making that, even with 3 kids and a wife you're a dumbfuck with your money.

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[–] 25096857? 4 points -3 points (+1|-4) ago 

80k/yr is a fuck ton of money to you? You’ll always be a wage slave. Your comment proves it.

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[–] 25097553? 0 points 2 points (+2|-0) ago 

In some areas of the country it is more expensive for various reasons.And if you have 2-3 kids $2k/week doesn’t go that far.

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[–] 25098627? ago 

2k/week

104k/year

At 104k/year, you probably got your education subsidized by the rest of us. Nut up, buttercup.

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[–] 25098907? 0 points 2 points (+2|-0) ago 

23 years active duty....tell me again about who subsidized who?

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[–] 25097047? 1 point 3 points (+4|-1) ago 

This payroll cut thing is a current deferment only. He would like to make this deferment permanent. Not future payroll taxes. Am I wrong?

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[–] 25097717? 0 points 1 point (+1|-0) ago 

What's a payroll tax? I don't know, I'm from the UK. Is this income tax, social security?

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[–] 25097972? 0 points 2 points (+2|-0) ago  (edited ago)

Social security tax @ 6.4%

And a Medicaid Tax @ 1.45 %

The employer needs to match this tax withholding, also.

So, both employee and employer benefit.

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[–] 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.

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[–] 25099605? 0 points 3 points (+3|-0) ago 

I bet the dems are going insane trying to figure out how to fight this without losing every election nation-wide in November. Trump has them in a corner. Love it when POTUS is on offense.

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[–] 25099012? 0 points 2 points (+2|-0) ago 

Does anyone know where the income tax goes? Straight into the pockets of the private FED. It is no coincidence that the permanent income tax went into effect roughly the same time the private FED was approved.

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