Your sure that the payroll tax free isn’t tax exempt?
Do you have any back up info?
The libs said the same thing about the first Stimulus check. It is tax fee just like the second one.
Dims are the only ones that punish those they prepose to help.
Your sure that the payroll tax free isn’t tax exempt?
Do you have any back up info?
The libs said the same thing about the first Stimulus check. It is tax fee just like the second one.
Dims are the only ones that punish those they prepose to help.
Did I say it was tax exempt?
Earlier in the thread it was pointed out that the payroll tax was a deferment not a wiping away. Here's a source:
https://www.foxnews.com/politics/whats-in-president-trump-four-coronavirus-relief-executive-orders
Payroll Tax holiday
Trump defers the payroll tax from Sept. 1 to Dec. 31, 2020, for employees making $100,000 or less a year. The tax, deducted from workers' paychecks, funds Social Security and Medicare. Employees would need to repay the federal government once the tax holiday ends without further action.
Deferment means that it's still coming due --- in December. After the election.
I have mixed thoughts on all of this.
I understand a lot of folks were put out of work thru no fault of their own, BUT not only did they get un employment, but also got another $600 from the feds added to it, so in Okie land thats a max of $1139 a week.
Now lets say a couple were both let go from their jobs due to the beer virus, now you have a couple who could potentially be bringing home a max of $2278 per week in un employment. Holy **** why go back to work.
Not saying those affected should not get assistance but in some cases to bring home more than when you were working is absurd.
I believe its now the blame game on both sides, and we as a country are screwed.
Now add to this a deferment on payroll taxes, no thanks can I opt out, and if not folks you best set what that extra money back because unless congress passes a law stating the deferred money is not due, you will owe it come tax time just like the un employment funds its all taxable unless you had taxes held out.
I understand a lot of folks were put out of work thru no fault of their own, BUT not only did they get un employment, but also got another $600 from the feds added to it, so in Okie land thats a max of $1139 a week.
Now lets say a couple were both let go from their jobs due to the beer virus, now you have a couple who could potentially be bringing home a max of $2278 per week in un employment. Holy **** why go back to work.
Not saying those affected should not get assistance but in some cases to bring home more than when you were working is absurd.
I believe its now the blame game on both sides, and we as a country are screwed.
Now add to this a deferment on payroll taxes, no thanks can I opt out, and if not folks you best set what that extra money back because unless congress passes a law stating the deferred money is not due, you will owe it come tax time just like the un employment funds its all taxable unless you had taxes held out.
Dreams, dreams dreams,.....
I just don't understand. You spend 3 trillion $ on stimulus, then aren't going to collect taxes. My simple math from High School says this doesn't add up. I am confusued!
I know a woman who was working 2 jobs. Her first job layed her off in March due to COVID. She struck a deal with her second job (now her only job) to remain part-time instead of going to full-time hours, which she could have as this employer was deemed essential so never closed, so she could collect unemployment. And the $600/week. And still draw a sizeable paycheck. She has banked her unemployment and stimulus payments, and used her paycheck for living expenses since March. She took a full-time position with her only employer when her 12 weeks of unemployment ran out -- the same time the stimulus ended. She was complaining a couple days ago that she should have filed for extended unemployment.
I tried to talk to her about the tax consequences of what she was doing. She said she'd never paid taxes in her life so she didn't figure she'd have to for 2020. I asked her if she understood how they actually calculated taxes. Well, no, not really.
How someone can be smart enough to work the system like she has and NOT know the fundamentals of taxation confounds me.
[QUOTE="THAT Gurl, post: 3402943, member: 45551"
I tried to talk to her about the tax consequences of what she was doing. She said she'd never paid taxes in her life so she didn't figure she'd have to for 2020. I asked her if she understood how they actually calculated taxes. Well, no, not really.
How someone can be smart enough to work the system like she has and NOT know the fundamentals of taxation confounds me.[/QUOTE]
IRS would like to know her real well, that should be illegal but probably isn't.
I tried to talk to her about the tax consequences of what she was doing. She said she'd never paid taxes in her life so she didn't figure she'd have to for 2020. I asked her if she understood how they actually calculated taxes. Well, no, not really.
How someone can be smart enough to work the system like she has and NOT know the fundamentals of taxation confounds me.[/QUOTE]
IRS would like to know her real well, that should be illegal but probably isn't.
IRS would like to know her real well, that should be illegal but probably isn't.[/QUOTE][QUOTE="THAT Gurl, post: 3402943, member: 45551"
I tried to talk to her about the tax consequences of what she was doing. She said she'd never paid taxes in her life so she didn't figure she'd have to for 2020. I asked her if she understood how they actually calculated taxes. Well, no, not really.
How someone can be smart enough to work the system like she has and NOT know the fundamentals of taxation confounds me.
She may mean she never made enough to pay taxes. Or she always got a refund from having so much taken out of her weekly check.
Have you registered to vote yet?
Similar threads
