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Started By
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re: Trump's EO to defer payroll tax
Posted on 8/8/20 at 9:03 pm to Northwestern tiger
Posted on 8/8/20 at 9:03 pm to Northwestern tiger
I heard 100k cutoff and I heard 137k. I’m assuming this is 100k pre-tax. Seen anything official?
2
Posted on 8/8/20 at 9:37 pm to TimeOutdoors
From Bloomberg
quote:
His other major action could potentially have a bigger impact: it defers the payroll tax from September through year-end for workers earning as much as $8,000 a month, which could put an extra $600, at most, in employees’ pockets. Economist Stephen Moore, a Trump ally, says it amounts to a $300 billion tax cut that would help the economy.
This post was edited on 8/8/20 at 9:41 pm
Posted on 8/8/20 at 10:08 pm to TimeOutdoors
quote:
I heard 100k cutoff and I heard 137k. I’m assuming this is 100k pre-tax. Seen anything official?
It’s $104,000 and it’s pre-tax. Yes, I have seen something official.
Memorandum on Deferring Payroll
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