Trump IS going have federal employee’s who make up to $104,000 a year stop having payroll taxes taken out of their pay checks ….
When Trump might be existing the Presidency and Joe Biden coming in?
Those employee’s WILL HAVE TO give BACK the taxes Trump had them stop paying….
The guy just keeps finding ways to screw people….
Some of this people WILL vote for the guy….
‘A sucker is born everyday’ would apply ?
Trump’s order specifically targets the 6.2 percent tax that employers deduct from their workers’ wages so the government can fund Social Security. His directive postpones payment of those taxes until January, at which point employers are required to start collecting back what is owed, perhaps by withholding double the amount they usually take until May. The deferral applies only to people who earn up to $4,000 on a biweekly basis, and less than $104,000 annually….
The Treasury Department and the Internal Revenue Service issued only early guardrails describing the program on Friday, four days before Trump’s directive is set to take effect. That has left few businesses in a position to begin deferring payroll taxes in time for Sept. 1, creating further logistical and technical challenges that make it “less likely” for companies to participate at all, said Pete Isberg, the vice president of government affairs for Automatic Data Processing, known as ADP, which processes payroll for about 670,000 firms.
For workers, meanwhile, the concern is that they may lack the means to pay back what they owe. Tony Reardon, the president of the National Treasury Employees Union, said Friday that the roughly 150,000 federal employees he represents may be “unprepared for the higher tax obligation in 2021,” creating particular challenges for IRS workers for whom “overdue tax debt can have severe job consequences.”