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1 posted on 08/08/2020 2:41:07 PM PDT by Hojczyk
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To: Hojczyk

Ref for self and others:

https://www.whitehouse.gov/presidential-actions/memorandum-deferring-payroll-tax-obligations-light-ongoing-covid-19-disaster/

“(a) 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.”

I’m sure a lot of people want to know exactly how that’s going to be counted since as written it’s a 7.65% deferment (and same to employer, or double for self-employed!) or else nothing, with no sliding scale as written.

I suspect it’s gross pay + imputed income - pre-tax deductions (like health care premiums and 401k). If so, people need to know so they can tune their 401k contributions to be on the right side of the bright line...


231 posted on 08/08/2020 8:03:13 PM PDT by No.6
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To: Hojczyk

So... the Dems will find a debateably “Republican” judge to issue an injunction against this.
They won’t use one that’s obviously their own. That would be suicide.

But there are “Republican” judges that Dem Senators blue-slipped that the Dems can reliably use.
The media won’t let on of course.


235 posted on 08/08/2020 8:48:15 PM PDT by mrsmith (`(US MEDIA: " Every 'White' cop is a criminal! And all the 'non-white' criminals saints!")
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