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re: GEOTUS Payroll Tax Holiday?
Posted on 8/11/20 at 2:21 pm to Epic Cajun
Posted on 8/11/20 at 2:21 pm to Epic Cajun
quote:
How does this and the part that you quoted seem to be optional? Also the salary "requirement" is 104k, not 100k.
It might not be optional. Like I said, that's my interpretation, because otherwise, Trump just gave a massive FU to every employer in this country.
If I'm an employer, I'd rather deal with this issues of withholding too much, instead of withholding not enough.
Hopefully in weeks ahead, we will get some guidance.
$4,000 on biweekly, equivalent amount for other payroll periods, so yes, that might work out to a little more than 100K. Was using 100K for ease of conversation.
Posted on 8/11/20 at 2:42 pm to LSUFanHouston
quote:I think that's what's going to happen per this:
Hopefully in weeks ahead, we will get some guidance.
quote:
Sec. 3. Authorizing Guidance. The Secretary of the Treasury shall issue guidance to implement this memorandum.
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