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To: Miss Didi

https://www.kiplinger.com/taxes/601197/what-trumps-payroll-tax-cut-will-mean-for-you

What Trump’s Payroll Tax Cut Will Mean for You
President Trump has issued an executive order to defer the collection of payroll taxes. How much will it save you?

by: Rocky Mengle
August 9, 2020


1,114 posted on 08/08/2020 6:34:28 PM PDT by bitt (American Lives Matter)
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To: All

The Silent Majority is silent no more! #MAGA #KAG 🇺🇸🇺🇸🇺🇸🇺🇸 https://t.co/MRKFrpmKti— CJTRUTH⭐️⭐️⭐️ (@cjtruth) August 9, 2020

It’s going DOWN in LA!!!!! Patriots walking to a rescue America rally!!!! #WalkAway democrats!!!!! 🇺🇸🇺🇸🇺🇸🇺🇸 pic.twitter.com/ry8BrCxQou— PepperPatriot 🇺🇸 ❤️🐸⭐️⭐️⭐️ (@PepperpatriotCM) August 8, 2020


1,115 posted on 08/08/2020 6:45:16 PM PDT by Miss Didi ("After all...tomorrow is another day." Scarlett O'Hara, Gone with the Wind)
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To: bitt
There are plenty of lawmakers on both sides of the aisle who don't favor a payroll tax cut. It's not enough and doesn't benefit people who need help the most, they say. It's also possible that employers won't comply with the executive order and that the deferred taxes will still have to be paid later.

vs when Pres. Obama temporarily reduced payroll taxes in 2011 ?

https://www.foxbusiness.com/money/how-does-trumps-payroll-tax-cut-plan-compare-to-obamas

RATs used a $50,000 a year salary as a baseline in 2011-2012 for it, now they are using a $25,000 baseline salary as the reason to not be for it.
1,377 posted on 08/09/2020 1:52:25 PM PDT by stylin19a ( 2016 - Best.Election.Of.All.Times.Ever.In.The.History.Of.Ever)
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