Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SisterK
I am having a hard time with the mechanics of the deferred taxes. Gigantic tax payment at end of year?

Under the Executive Order that's what would happen. I think Trump is banking on Congress not willing to have voters take a big financial hit having to pay them back but I think he is badly mistaken in that. If the Democrats can blame the tax bill on Trump then they'll do that in a New York minute.

It would have been more fun for him to totally abolish feral withholding, but that is not going to happen.

He said in the press conference that his plan for his second term is to reduce or eliminate the tax entirely. But doing away with Social Security and Medicare is not something the House and Senate are dumb enough to sign on to. Trump may never have another election but they do. And seniors vote.

298 posted on 08/09/2020 5:57:39 AM PDT by DoodleDawg
[ Post Reply | Private Reply | To 297 | View Replies ]


To: DoodleDawg

I would not support social security ban.
Unfortunately that is the only retirement income for many people.
I am very okay with a withholding ban. But, a delay is not a ban.
Interesting times.


299 posted on 08/09/2020 6:10:01 AM PDT by SisterK (its a spiritual war)
[ Post Reply | Private Reply | To 298 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson