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The Water Cooler
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Trump takes action on his own.
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<blockquote data-quote="Rez Exelon" data-source="post: 3402922" data-attributes="member: 5800"><p>Did I say it was tax exempt? </p><p></p><p>Earlier in the thread it was pointed out that the payroll tax was a deferment not a wiping away. Here's a source:</p><p></p><p><a href="https://www.foxnews.com/politics/whats-in-president-trump-four-coronavirus-relief-executive-orders" target="_blank">https://www.foxnews.com/politics/whats-in-president-trump-four-coronavirus-relief-executive-orders</a></p><p></p><p><strong>Payroll Tax holiday</strong></p><p></p><p>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.</p><p></p><p>Deferment means that it's still coming due --- in December. After the election.</p></blockquote><p></p>
[QUOTE="Rez Exelon, post: 3402922, member: 5800"] 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: [URL]https://www.foxnews.com/politics/whats-in-president-trump-four-coronavirus-relief-executive-orders[/URL] [B]Payroll Tax holiday[/B] 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. [/QUOTE]
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