Posted on 03/11/2020 11:55:41 AM PDT by 11th_VA
The Trump administration plans to delay the April 15 tax deadline for most individual taxpayers as well as small businesses as part of an effort to mitigate the effects of the spread of the novel coronavirus, Treasury Secretary Steven Mnuchin said Wednesday.
Mr. Mnuchin said the delay would apply “to virtually all Americans, other than the super rich,” and said officials would likely announce a decision quickly...
(Excerpt) Read more at wsj.com ...
Sec. Mnuchin says the delay puts $200 Billion to work in the economy.
“They still get their quarterly payments.”
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H&R Blockheads should be able to get unemployment or the like. Plus. they benefit from the same “indulgences” their customers will get.
The black swan has entered the building.
I know, this is getting ridiculous. How is that going to help the stupid Sorosvirus ?
Trump is playing along and he appears weak. ENOUGH of the daily panic breifings.
Heaven help us if a REAL disaster hits.
This seems like a good move. The DemonRats and their complicit media are angling to hang this ChinaVirus around his neck. The more he does to make people’s lives easier the less impact their bullshit will stick. Good Move...
“How does this help anything? I cannot believe how silly and irrational this whole thing has become.”
Yeah, it doesn’t help anyone, just delays the inevitable. I think he just wants to provoke the Dems. They will most likely denounce this like they did the withholding tax holiday.
If withholding is stopped until the end of the year a lot of people are going to get walloped by a high tax bill next year instead of the refund they were expecting.
It’s all about appearances (politics).
Oh good grief.
And do what, oh wise one.
Donald J. Trump
@realDonaldTrump
I am fully prepared to use the full power of the Federal Government to deal with our current challenge of the CoronaVirus!
I like your thinking!
So, who are the “super rich”; quarterly filers, only??
You betcha, Cuomo's New York would go bankrupt with all their welfare spending needs.
I pay every Q...hard to get out of that.
The World Health Organization just declared a planet-wide pandemic. The economic impact most likely is going to get worse before it gets better. Economically in the U.S. it is better to be proactively safe than sorry. The Trump Administration will be putting forth a stimulus package proposal any day now.
“Trump upbeat as he pitches Capitol Hill on coronavirus stimulus package”
https://nypost.com/2020/03/10/trump-upbeat-as-he-pitches-capitol-hill-on-coronavirus-stimulus-package/
This is big news. I have not been worried about the market, because I’m in it for the long term, and it will come back. But, I often have to sell some stock to pay my taxes, and THAT has caused me to worry. More time would give me the ability to do whatever I need to do.
On the other hand, if you’re owed a refund you still need to file ASAP before an identity thief can get to it.
Some of us have to sell stock to pay our taxes. Any delay helps, especially if there is any chance of the market going up during that delay.
Indeed. Fasten seat belts everyone....
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