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re: Trump floats temporarily eliminating payroll tax to boost economy amid coronavirus fears

Posted on 3/11/20 at 8:50 am to
Posted by mmmmmbeeer
ATL
Member since Nov 2014
10189 posts
Posted on 3/11/20 at 8:50 am to
quote:

TH03


And this is another reason why Dubya's direct cash to Americans was a much better idea than payroll tax holiday, people who are in your position who don't pay payroll taxes (1099 workers, etc.).
Posted by CharlesLSU
Member since Jan 2007
33653 posts
Posted on 3/11/20 at 8:50 am to
So, in your truly honest opinion, you believe Trump welcomes a meeting with her?
Posted by LNCHBOX
70448
Member since Jun 2009
89397 posts
Posted on 3/11/20 at 8:51 am to
quote:

So, in your truly honest opinion, you believe Trump welcomes a meeting with her?



I believe it about as equally as I believe she has any intention of working with him.

You only seem concerned with thinking one of them behaving like a child though.
Posted by Smoke7024
Member since Jun 2010
24126 posts
Posted on 3/11/20 at 8:52 am to
quote:

The fact that companies are taxed to employ and pay people, and then those people are taxed for receiving income is asinine to begin with.


Well technically, it's supposed to be for your social security and medicare which you won't pay taxes on when you get it back (up to a certain % anyway). The big question is if some of us will ever see that money again.
This post was edited on 3/11/20 at 8:53 am
Posted by i am dan
NC
Member since Aug 2011
32395 posts
Posted on 3/11/20 at 8:53 am to
quote:

I wonder if those who criticized Obama for an economic stimulus change their tune


You're joking right?

Do you remember his stimulus package bullshite?
Posted by mmmmmbeeer
ATL
Member since Nov 2014
10189 posts
Posted on 3/11/20 at 8:53 am to
quote:

Yahoo citing Politico and WaPo Definitely no bias in that article.


Sorry you don't like the facts...unfortunately, you're not entitled to your own set. You act like Trump being butthurt and acting like a toddler is unprecedented...him refusing to meet Pelosi is exactly what anyone who isn't part of Cult45 would expect of him.
Posted by elposter
Member since Dec 2010
26751 posts
Posted on 3/11/20 at 8:53 am to
quote:

And this is another reason why Dubya's direct cash to Americans was a much better idea than payroll tax holiday, people who are in your position who don't pay payroll taxes (1099 workers, etc.).


1099 workers do pay payroll (i.e., FICA) taxes. They pay the employer share and the employee share.
Posted by SLafourche07
Member since Feb 2008
10055 posts
Posted on 3/11/20 at 8:53 am to
quote:

Because that's how payroll taxes work.



I'm aware how payroll taxes work.

That's not how Bush/Obama's payroll tax cuts worked however. So how do you know how these proposed cuts would work? I haven't seen any details yet. Have you?
Posted by LNCHBOX
70448
Member since Jun 2009
89397 posts
Posted on 3/11/20 at 8:53 am to
quote:

Sorry you don't like the facts.


quote:

You act like Trump being butthurt and acting like a toddler is unprecedented...him refusing to meet Pelosi is exactly what anyone who isn't part of Cult45 would expect of him.

Posted by i am dan
NC
Member since Aug 2011
32395 posts
Posted on 3/11/20 at 8:53 am to
quote:

I wonder if those who criticized Obama for an economic stimulus change their tune


You're joking right?

Do you remember his stimulus package bullshite?

Also this:

quote:

Unless you believe that the government already owns your money pre-taxation, they are two wholly different things.

Scruffy doesn’t recall a reduction in taxes with the stimulus.
Posted by mmmmmbeeer
ATL
Member since Nov 2014
10189 posts
Posted on 3/11/20 at 8:54 am to
quote:

1099 workers do pay payroll (i.e., FICA) taxes. They pay the employer share and the employee share.


Ahhh..ok. Thanks for the correction.
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/11/20 at 8:55 am to
The actual snippet from politico isn't as gung ho to blame Trump like Yahoo is:

quote:

THE TWO MOST IMPORTANT PEOPLE. Trump and Nancy Pelosi aren’t exactly on speaking terms, so he’s deputized Treasury Secretary Steven Mnuchin to handle talks with the speaker. It’s a partnership that has worked in the past — the two inked a major budget agreement just last year — and there’s reason to think it can succeed again. Mnuchin isn’t known as a conservative ideologue and Pelosi is a veteran deal-maker. Senate Majority Leader Mitch McConnell, the most powerful Republican in the Capitol, has also blessed the effort.


That makes it seem mutual as well as pointing out that Pelosi and the guy Trump sent in his place have a history of deals and can probably work faster than she and Trump would. It seems like a good idea all around, but we have to somehow bash Trump for it.

And I say this as someone who's been called prog filth on the poli board for not always being goose step with Trump so you can save the cult45 response to me.
This post was edited on 3/11/20 at 8:56 am
Posted by LNCHBOX
70448
Member since Jun 2009
89397 posts
Posted on 3/11/20 at 8:55 am to
quote:

he actual snippet from politico isn't as gung ho to blame Trump like Yahoo is:


You just don't like facts, cultist.
Posted by SLafourche07
Member since Feb 2008
10055 posts
Posted on 3/11/20 at 8:56 am to
quote:

people who are in your position who don't pay payroll taxes (1099 workers, etc.).




Posted by mmmmmbeeer
ATL
Member since Nov 2014
10189 posts
Posted on 3/11/20 at 8:56 am to
quote:

That makes it seem mutual as well as pointing out that Pelosi and the guy Trump sent in his place have a history of deals and can probably work faster than she and Trump would. It seems like a good idea all around, but we have to somehow bash Trump for it.


I mean, he's President and we're potentially entering a crisis. Seems he should be there. Maybe that's expecting too much from a POTUS?
Posted by bayoumuscle21
St. George
Member since Jan 2012
5067 posts
Posted on 3/11/20 at 8:57 am to
quote:

I wonder if those who criticized Obama for an economic stimulus change their tune


What a socialist thing to say. So my hard earned money is the same thing as government money? You go ahead and pay extra taxes if you want.

Obama exposed his economic ignorance when he did the stimulus package. Trump is letting people keep their money to boost the economy. Reagan-omics works, regardless of what ignorant Dems say.
Posted by i am dan
NC
Member since Aug 2011
32395 posts
Posted on 3/11/20 at 8:57 am to
quote:

It's amazing in our "strongest economy ever" we can be reduced to Venezuela, our shelves lacking many items, so quickly.


The grocery stores around me have plenty of everything.

I don't live around idiots who watch CNN I guess. Yeah I saw the video of Costco in LA.
Posted by LNCHBOX
70448
Member since Jun 2009
89397 posts
Posted on 3/11/20 at 8:57 am to
quote:

I mean, he's President and we're potentially entering a crisis. Seems he should be there. Maybe that's expecting too much from a POTUS?


So you'd rather he waste everyone's time instead of sending someone that could potentially actually work something out? Smart
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/11/20 at 8:58 am to
quote:


I believe it about as equally as I believe she has any intention of working with him.

You only seem concerned with thinking one of them behaving like a child though.


Yeah I think people blaming Trump for it are just as absurd as anyone who would blame Pelosi for it.

It's mutual, but by sending someone she's already made deals with, it seems neither of them are letting their personal feelings get in the way of working towards something.

At least I hope. That would be nice to see.
Posted by elposter
Member since Dec 2010
26751 posts
Posted on 3/11/20 at 8:58 am to
quote:

Ahhh..ok. Thanks for the correction.


No problem. Most 1099 people write off everything in their life (can I turn this family vacation into a business expense - sure I can!) and basically make it look like they make no profit or even lose money so their income tax liability is low enough to offset the fact that their FICA tax is twice what a W-2 worker would be be (since they pay the employer half and the employee half).
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