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re: GEOTUS Payroll Tax Holiday?

Posted on 8/11/20 at 2:21 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37286 posts
Posted on 8/11/20 at 2:21 pm to
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 by Epic Cajun
Lafayette, LA
Member since Feb 2013
32906 posts
Posted on 8/11/20 at 2:42 pm to
quote:

Hopefully in weeks ahead, we will get some guidance.
I think that's what's going to happen per this:

quote:

Sec. 3. Authorizing Guidance. The Secretary of the Treasury shall issue guidance to implement this memorandum.
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