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re: Trump floats temporarily eliminating payroll tax to boost economy amid coronavirus fears
Posted on 3/11/20 at 8:34 am to Chinese Bandit
Posted on 3/11/20 at 8:34 am to Chinese Bandit
Sucks for small business owners and their employees who pay quarterly taxes
2
Posted on 3/11/20 at 8:36 am to ellishughtiger
quote:
Sucks for small business owners and their employees who pay quarterly taxes
How does it suck for small business owners and their employees who pay quarterly taxes? This is not income tax, this is payroll tax.
This post was edited on 3/11/20 at 8:37 am
Posted on 3/11/20 at 8:37 am to DavidTheGnome
Might wanta research a little
Posted on 3/11/20 at 8:39 am to AUCE05
quote:
I do like the idea of putting money in the common man's pocket vs big corp
This is the dem's problem with the proposal. Yes, the "common man" gets the break, but so do the companies paying payroll taxes. They just got a huge corporate tax break and now we want to toss another 9-10% at them? frick that.
They should do what Dubya did and send a check to every American while securing paid sick leave for employees who can't just miss work via quarantine without losing their jobs or missing paychecks.
Posted on 3/11/20 at 8:39 am to elposter
quote:
Do you really not remember that the Obama tax cut included a payroll tax cut for employees?
I honestly don't. Could just be my ignorance. Not trying to make this sound uppity, but could it be something to do with pay scale?
Posted on 3/11/20 at 8:41 am to BottomlandBrew
quote:
will Congress and the POTUS get together and make the necessary cuts elsewhere to make this dream a reality?
Funny you say that. Trump has refused to meet with Pelosi because he's still in his feels about being impeached. Pretty mature for a president, imo.
Posted on 3/11/20 at 8:41 am to ellishughtiger
Yeah, we need more taxes!
Posted on 3/11/20 at 8:42 am to LSUfanNkaty
quote:
I honestly don't. Could just be my ignorance. Not trying to make this sound uppity, but could it be something to do with pay scale?
More than half of the Obama stimulus cost were in the form of tax cuts and breaks.
Posted on 3/11/20 at 8:42 am to mmmmmbeeer
quote:
Trump has refused to meet with Pelosi because he's still in his feels about being impeached. Pretty mature for a president, imo.
Show me. Show me where that is factual.
Posted on 3/11/20 at 8:43 am to The Spleen
quote:
It puts it in both because it would eliminate both sides - employee and employer - of payroll taxes.
How do you know? You've seen specifics? Please share.
Posted on 3/11/20 at 8:43 am to elposter
quote:
Do you really not remember that the Obama tax cut included a payroll tax cut for employees?
I was self employed at the time and didn't feel much effect.
quote:
Right now, the self employed basically pay 15.3%, with 12.4% for Social Security and 2.9% for Medicare. If it's done the same way as 2009, you'll pay 13.3%.
And if you were/are paying estimated quarterly taxes, you didn't/won't see anything until you file in 2021.
This post was edited on 3/11/20 at 8:45 am
Posted on 3/11/20 at 8:44 am to LSUfanNkaty
Why would he waste his time with that useless bitch.
Posted on 3/11/20 at 8:46 am to LSUfanNkaty
Posted on 3/11/20 at 8:48 am to mmmmmbeeer
quote:
More than half of the Obama stimulus cost were in the form of tax cuts and breaks.
Aside from extending Bush's payroll tax cut for a couple of years what else was included? I'm being sincere. This was around my last year of college/first year working so the details are hazy.
This post was edited on 3/11/20 at 8:50 am
Posted on 3/11/20 at 8:48 am to Teauxler
quote:
Why would he waste his time with that useless bitch.
Because she's Speaker of the House and we're in the midst of an economic downturn and a pandemic on our doorstep?
Mr. Dealmaker needs to put on his big boy pants and do his job, not act like a fricking toddler during a crisis.
Posted on 3/11/20 at 8:48 am to mmmmmbeeer
Yahoo citing Politico and WaPo 
Definitely no bias in that article.
Definitely no bias in that article. Posted on 3/11/20 at 8:48 am to LSUfanNkaty
quote:
I honestly don't. Could just be my ignorance. Not trying to make this sound uppity, but could it be something to do with pay scale?
I don't know. 2% back was nice for everyone I would think.
Posted on 3/11/20 at 8:49 am to mmmmmbeeer
quote:
not act like a fricking toddler
How do you feel about the whole impeachment sham?
Posted on 3/11/20 at 8:50 am to SLafourche07
quote:
How do you know?
Because that's how payroll taxes work.
Posted on 3/11/20 at 8:50 am to DavidTheGnome
quote:
I wonder if those who criticized Obama for an economic stimulus change their tune
I'm old enough to remember the outrage over raising the debt ceiling. I try to convince my younger friends that there was a point in time when Republicans cared about the deficit.
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