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Started By
Message
re: Coronavirus deal passes Senate, heads to President Trump
Posted on 3/18/20 at 9:20 pm to Magician2
Posted on 3/18/20 at 9:20 pm to Magician2
Can we wait and see if this malaria drug is a confirmed cure before we give away the farm? Crap, if that’s announced, it will remedy 1/2 of the mess we’re in right off the bat.
0
Posted on 3/18/20 at 9:20 pm to buckeye_vol
quote:
a tax credit for the total amount as long as it doesn't exceed their total tax liabilities.
And it looks like you can't carry it forward or apply it to the next quarter.
Posted on 3/18/20 at 9:31 pm to buckeye_vol
So if I’m following you get a credit to offset the employer portion of social security and Medicare on all wages equal to the total wages paid under the bill for each quarter. Doesn’t seem to help the employer much depending on the situation, especially if the credit is limited only to the quarter in which the wages were paid.
This post was edited on 3/18/20 at 9:33 pm
Posted on 3/18/20 at 10:01 pm to Smoke7024
quote:Well I was incorrect about the amount of credit claimed; it can exceed the tax liability and is refundable.
So if I’m following you get a credit to offset the employer portion of social security and Medicare on all wages equal to the total wages paid under the bill for each quarter. Doesn’t seem to help the employer much depending on the situation, especially if the credit is limited only to the quarter in which the wages were paid.
quote:And it looks like employer health plan expenses increases the allowable amount of credit as well.
(3) REFUNDABILITY OF EXCESS CREDIT.—If the amount of the credit under subsection (a) exceeds the limitation of paragraph (2) for any calendar quarter, such excess shall be treated as an overpayment that shall be refunded under sections 6402(a) and 6413(b) of such Code.
quote:So it seems to me with a fully refundable tax credit, then at the very least, it doesn't harm the employer to pay the sick and/or FMLA leave, since it's fully refundable.
(1) IN GENERAL.—The amount of the credit allowed under subsection (a) shall be increased by so much of the employer’s qualified health plan expenses as are properly allocable to the qualified family leave wages for which such credit is so allowed.
Posted on 3/18/20 at 10:04 pm to EarlyCuyler3
WTF are you talking about then?
Posted on 3/18/20 at 10:16 pm to BestBanker
It will ruin many companies if anything ever gets bad in the future...
Posted on 3/18/20 at 10:26 pm to Magician2
Posted on 3/18/20 at 10:46 pm to Redleg Guy
Terrible bill
Posted on 3/18/20 at 10:52 pm to SCLibertarian
quote:Maybe we should stop their senate paychecks for everyone who voted "no" What a disgrace
The “no” votes included Sens. Marsha Blackburn (R-Tenn.), Jim Inhofe (R-Okla.), James Lankford (R-Okla.), Mike Lee (R-Utah), Rand Paul (R-Ky.), Ben Sasse (R-Neb.), Tim Scott (R-S.C.) and Ron Johnson (R-Wisc.)
Posted on 3/18/20 at 10:59 pm to Man With A Plan
They want the poor to die off, they don't even try to hide their evil. Bunch of snakes
Posted on 3/18/20 at 11:17 pm to 14&Counting
Check isn't going to do shite with all the businesses that will go under.
Posted on 3/18/20 at 11:18 pm to BestBanker
quote:People > Companies
This will hurt small biz
Posted on 3/18/20 at 11:21 pm to Man With A Plan
quote:
They want the poor to die off, they don't even try to hide their evil. Bunch of snakes
Oh STFU
Posted on 3/18/20 at 11:59 pm to jlc05
china didn't shut down our economy and ruin the stock market, we did that to ourselves by letting the swamp dwellers lead us right off a cliff while applauding how proactive we were being.
the real crime is trump allowed his kingdom to be held prisoner by fear thinking chicken little was right and the sky is falling
china was the cause of the outbreak but the global over reaction was the globalists doing and they got just what they wanted, destroy the American economy and make trump look weak
the real crime is trump allowed his kingdom to be held prisoner by fear thinking chicken little was right and the sky is falling
china was the cause of the outbreak but the global over reaction was the globalists doing and they got just what they wanted, destroy the American economy and make trump look weak
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