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Payroll Tax
Posted on 8/21/20 at 6:56 am
Posted on 8/21/20 at 6:56 am
How will SS and Medicare be funded if the payroll tax forgiveness is made permanent? Asking for an old person.
3
Posted on 8/21/20 at 7:01 am to Geech2244
Gotcha. Thanks
Posted on 8/21/20 at 7:05 am to RedShirt
Easy. Just use rule 11.
Posted on 8/21/20 at 7:22 am to RedShirt
I do not believe Medicare is part of the deferment, potential forgiveness.
And, when Trump referred to permanent forgiveness for the SS tax, was he talking about the portion for the 4th quarter of 2020 only, or forever?
And, when Trump referred to permanent forgiveness for the SS tax, was he talking about the portion for the 4th quarter of 2020 only, or forever?
Posted on 8/21/20 at 7:25 am to Geech2244
If so, this makes for another point of contention with the House.
Right now, the House budget (when it exists) uses SS payroll taxes in the general budget while IOUs are written to the program in the form of government bonds.
It’s a lot easier to take money in and write bonds than it is to have money come OUT of your budget and write bonds to cover it.
Right now, the House budget (when it exists) uses SS payroll taxes in the general budget while IOUs are written to the program in the form of government bonds.
It’s a lot easier to take money in and write bonds than it is to have money come OUT of your budget and write bonds to cover it.
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