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Started By
Message
Biden says payroll tax cuts are a BIG MISTAKE.
Posted on 9/15/20 at 1:47 pm
Posted on 9/15/20 at 1:47 pm
He just said that. He also just said that Trump's payroll tax cut to help us during the COVID 19 crisis will have to be paid back.
This post was edited on 9/15/20 at 1:51 pm
Posted on 9/15/20 at 1:48 pm to GumboPot
Pretty sure the second part is right. That's why my company isn't doing the deal.
Posted on 9/15/20 at 1:48 pm to GumboPot
Imagine being so soy laden that you want more taxes
Just lol
Just lol
Posted on 9/15/20 at 1:49 pm to GumboPot
But vote Joe cause muh SS
if you are young and relying on SS, you’re retarded. I don’t even factor hypothetical ss payments for my retirement.
if you are young and relying on SS, you’re retarded. I don’t even factor hypothetical ss payments for my retirement.
Posted on 9/15/20 at 1:49 pm to GumboPot
to clarify, did he say:
payroll taxes are a BIG MISTAKE? or Payroll tax cuts are a BIG MISTAKE?
payroll taxes are a BIG MISTAKE? or Payroll tax cuts are a BIG MISTAKE?
Posted on 9/15/20 at 1:49 pm to GumboPot
He's right on this one. Never thought Trump's proposal was good on this particular issue.
Posted on 9/15/20 at 1:50 pm to GumboPot
quote:
payroll taxes are a BIG MISTAKE.
I agree
quote:
Biden says
Don't care. He's an idiot.
Posted on 9/15/20 at 1:51 pm to GumboPot
quote:
He also just said that Trump's payroll tax cut to help us during the COVID 19 crisis will have to be paid back.
That's actually true. It's up to the individual companies whether they want to pay the full amount or have the employees match. Military does not have the option to opt-out.
I'm not particularly happy about it because it will be taken out of my retirement stipend from January - April.
This post was edited on 9/15/20 at 1:54 pm
Posted on 9/15/20 at 1:53 pm to GumboPot
He’s correct, it’s not a payroll tax cut, it is a deferral. As a CPA we are advising clients not to do it and we aren’t doing it ourselves.
Posted on 9/15/20 at 1:53 pm to GumboPot
Honestly the payroll tax move by Trump is brilliant politically.
I mean, it's stupid as hell in practical terms which is why private companies by in large are not even giving their employees the option of electing into it really, but politically...basically if Trump gets re-elected, they can push very hard to get it forgiven in congress as relief, and give everyone a big tax break for it on their 2020 taxes if they didnt participate originally. If the Dems refuse to give in, they can make them out to be the enemy once more that the blood suckling Dems always want your tax money, etc etc...Republicans could care less about SSI and the such so it's win/win for them.
If Biden wins, then he gets the fun task of dealing with "getting back" all that tax money withheld and all those americans (like government employees who participated) to get double hit (12.4% instead of 6.2%) on their paychecks the first 4 months of 2021 to "pay it back". Making him and the dems public enemy #1 on "taking our money" - because most wont even realize why their paychecks got much smaller to start the year - seriously, imagine people suddenly having their paychecks get 12.4% smaller all of a sudden and trying to explain to them why
I mean, it's stupid as hell in practical terms which is why private companies by in large are not even giving their employees the option of electing into it really, but politically...basically if Trump gets re-elected, they can push very hard to get it forgiven in congress as relief, and give everyone a big tax break for it on their 2020 taxes if they didnt participate originally. If the Dems refuse to give in, they can make them out to be the enemy once more that the blood suckling Dems always want your tax money, etc etc...Republicans could care less about SSI and the such so it's win/win for them.
If Biden wins, then he gets the fun task of dealing with "getting back" all that tax money withheld and all those americans (like government employees who participated) to get double hit (12.4% instead of 6.2%) on their paychecks the first 4 months of 2021 to "pay it back". Making him and the dems public enemy #1 on "taking our money" - because most wont even realize why their paychecks got much smaller to start the year - seriously, imagine people suddenly having their paychecks get 12.4% smaller all of a sudden and trying to explain to them why
This post was edited on 9/15/20 at 1:56 pm
Posted on 9/15/20 at 2:05 pm to GumboPot
Biden, quite literally, doesn't have a single independent thought in terms of policy. He just says exactly what the teleprompter tells him to say. If whatever he proposes today doesn't "poll well" he'll reverse course next week. You can do that when virtually no MSM will hold you accountable.
The MSM helped him hoist himself upon his own petard in the late 80's when he blatantly lied about and/or plagiarized multiple statements. 30 years later they just ignore the same stupidity ALL in a coordinated effort to get Trump out of office
The MSM helped him hoist himself upon his own petard in the late 80's when he blatantly lied about and/or plagiarized multiple statements. 30 years later they just ignore the same stupidity ALL in a coordinated effort to get Trump out of office
Posted on 9/15/20 at 2:13 pm to GumboPot
quote:
Trump's payroll tax cut to help us during the COVID 19 crisis will have to be paid back.
This is correct. But trump has repeatedly said that he wants those to be not paid back if he is re-elected.
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