Read on Twitter
1) So, the accountant translation of Trump’s new promise to forgive deferred payroll taxes:
Normally, one of the larger costs for a company in hiring someone is they have to pay taxes on the payroll, or the money comes out of the employee’s paycheck. Sometimes both. https://twitter.com/flapmooz/status/1304259203113025538
Normally, one of the larger costs for a company in hiring someone is they have to pay taxes on the payroll, or the money comes out of the employee’s paycheck. Sometimes both. https://twitter.com/flapmooz/status/1304259203113025538
2) This is the ‘fed’, ‘ss’, and ‘med’ deductions you see on your paystubs. Employers are often having to pay more on top of that.
To stimulate the economy, Trump already issued an executive order deferring, aka saying we could pay later, those payroll taxes, letting us keep $$$
To stimulate the economy, Trump already issued an executive order deferring, aka saying we could pay later, those payroll taxes, letting us keep $$$
3) These taxes are what provides the lions share of the funding for SS and Medicare
Trump is now saying that he’ll straight up forgive all the deferred taxes instead of making us pay later and the money to replace those taxes for SS and Medicare will come out of the General Fund
Trump is now saying that he’ll straight up forgive all the deferred taxes instead of making us pay later and the money to replace those taxes for SS and Medicare will come out of the General Fund
4) Democrats in their continuing quest to shoot themselves in the foot with ever larger caliber rifles are now attacking this promise.
To let us keep more of our money.
Yeah.
Dumbfucks.
/end
To let us keep more of our money.
Yeah.
Dumbfucks.
/end
