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re: Trump's EO to defer payroll tax
Posted on 8/8/20 at 6:28 pm to go ta hell ole miss
Posted on 8/8/20 at 6:28 pm to go ta hell ole miss
I thought it was deferred for income up to $100K?
3
Posted on 8/8/20 at 6:29 pm to DallasTiger11
Is the 100k for combined income?
Posted on 8/8/20 at 6:42 pm to DallasTiger11
quote:
I thought it was deferred for income up to $100K?
It is a deferment. It’s technically up to $104k in income. Only Congress can actually cut taxes legally. The President does have the power delay tax collections, which he did here. He will move to have them forgiven if re-elected. He also wants to move to further cut the payroll tax, but I am not sure how SS could afford that.
Posted on 8/8/20 at 7:19 pm to DallasTiger11
Is the 100k before or after taxes?
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