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Trump to Suspend Payroll Tax Until End of 2020

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posted on Aug, 9 2020 @ 10:59 AM
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originally posted by: burdman30ott6

originally posted by: AScrubWhoDied

originally posted by: DBCowboy

originally posted by: AScrubWhoDied

originally posted by: DBCowboy
The wailing and gnshing of teeth is hilarious!

The democrat-socialists plan was 3.2 trillion and no one blinks an eye.

Trump puts a hiatus on payroll taxes and people lose their minds.

lolz


Its comical watching grown people struggle with the meaning of "defer".


It's an incentive to get people working again. And for those in the lower middle class, they don't pay taxes anyway.

So your point has as much substance as a nun-fart.


According to this very thread, plenty of people think defer means absolve.

I'm lower middle class btw, paid the irs just shy of 15k in federal income taxes last year, not including ss.


Bullcrap! Lower Middle Class threshold is at $50k per year. If you paid $15 k in federal income taxes you expect us to believe you had an effective rate of 30%... not even remotely possible. Nobody reaches 30% until they exceed $160,000 per year and that's with zero deductions.

Don't piss on people and say it is raining, dude.



50k? That's poverty boy. And my rate is 32%.




posted on Aug, 9 2020 @ 11:31 AM
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originally posted by: scraedtosleep
a reply to: xuenchen




A new one is to suspend payroll taxes

Sounds good but i know nothing about this tax.
How Will that help the everyday poor and middle class person?

especially now with so many out of work.

Or is this just another hand out to to rich?


I’m on the high upper end of what is considered low income. During the busy time of the year for work, usually oct-dec, when im working 50-60 hour weeks, i generally claim exempt from income tax to maximize my take home earning. Comes out to nearly 500-700 a month which is tremendously helpful for someone like me during the big holiday season. The only caveat to it is that my tax returns around feb-april take a big hit. This would similar to claiming exempt but without the possibility of a diminished return or even the possibility of owing taxes. As with anything tax related it will definitely benefit the rich... but at the same time it will also benefit people like me who work hard long hours just to stay afloat. As pointed out in other comments, it will definitely incentivize getting back to work and off the gov handouts. Its one of those things where everyone wins. Some more than others but the impact of the win to the person getting it will mean the most to low-mid income people. Allows to enjoy some things they may not have been able to without it. A lot of financia burdens will be lifted and the people will have one less stress to worry about during an already hectic year heading into a time where its even more hectic.



posted on Aug, 9 2020 @ 12:32 PM
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The only people who can be supporting this are:

1. Retired, well-off folks
2. Clueless scrawny Q followers issuing hollow opinions from mom and dad's house
3. Paid propagandists
4. People who have no idea whatsoever how the payroll tax/cuts work.

That's literally it. Prove me wrong.

Bunkerboy knows this will get shot down. That's the point. So he can cry "Boohoo I'm the only one who tried to help but I wasn't capable of negotiating with the big mean dems and now they're responsible for everything"

Honestly this site can't die fast enough. It's basically Reddit's the_donald - an echo chamber of nerds who don't understand politics. You're influencing nobody, because the only dissenters (like me) are here just to observe the sheer cluelessness you continue to perpetuate.

And to save you the bother of pasting the usual boring tired Hillary/triggered memes: I don't check back for replies. I'm here to say my piece then get back on with painting my fence. Quote and reply all you like - I won't see a word of it.



posted on Aug, 9 2020 @ 12:33 PM
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a reply to: interupt42

Heh.

In March of this year I warned people that this kind of thing would happen.

www.abovetopsecret.com...

But NNNOOOOooooooOOOOOO!

Covid! Gubment gonna save me!

Well champ, we get what we deserve.

We got dealt a crap sandwich and NOW people are complaining about the taste?

Sucks.

But at least my conscious is clear.




posted on Aug, 9 2020 @ 12:35 PM
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a reply to: fencesitter85

Eat more fibre. You're full of it.




posted on Aug, 9 2020 @ 12:50 PM
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a reply to: fencesitter85

ALSO...before you eat more fiber...get off that fence...or you'll be painting it brown.



posted on Aug, 9 2020 @ 01:26 PM
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a reply to: DBCowboy

i agree with you that the trillions spent from both party was the worst way to go about helping people.

hence my point about trump talking about cutting taxes is complete bs after the shopping spree the govt has been on and the expansion of govt and power.

this cutting taxes talk is nothing but politics.



posted on Aug, 9 2020 @ 02:37 PM
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a reply to: AScrubWhoDied

Then, a liar is you. You may consider $50 k a year "poverty," but it is the upper threshold of lower middle class regardless of whatever ass end of confusion your opinion lives in. If your rate is 32%, then you're pulling in $200K a year and you are in the top 8.5% of households in the US... by definition, nowhere near "lower middle class" or even "middle class"... welcome to upper middle class.



posted on Aug, 9 2020 @ 02:45 PM
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Deferment does not mean forgiven. Those taxes will be due, at some point, on top of your regular taxes. Money is not free, and a suspension of taxes results in Medicare and Social Security being completely de-funded. This leaves 10's of millions of people without benefits. How is this helpful?



posted on Aug, 9 2020 @ 02:50 PM
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originally posted by: Gothar
Deferment does not mean forgiven. Those taxes will be due, at some point, on top of your regular taxes. Money is not free, and a suspension of taxes results in Medicare and Social Security being completely de-funded. This leaves 10's of millions of people without benefits. How is this helpful?


Except he isn't "deferring" those taxes, he is suspending them. They will not have to be paid back.

and SS taxes and FICA are not being suspended to my knowledge. Only the payroll tax.



posted on Aug, 9 2020 @ 03:01 PM
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originally posted by: toolgal462
Except he isn't "deferring" those taxes, he is suspending them. They will not have to be paid back.


Yeah, they will, this has been covered multiple times in the thread.


“If victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” adding “I’m going to make them all permanent.” - Orange Moron



posted on Aug, 9 2020 @ 03:05 PM
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originally posted by: AugustusMasonicus

originally posted by: toolgal462
Except he isn't "deferring" those taxes, he is suspending them. They will not have to be paid back.


Yeah, they will, this has been covered multiple times in the thread.


“If victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” adding “I’m going to make them all permanent.” - Orange Moron


Your reply proved my comment to be correct...

and people in glass houses and all that....



posted on Aug, 9 2020 @ 03:09 PM
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a reply to: toolgal462

Yeah? The taxes will need to be repaid unless Congress decides otherwise. Trump wouldn't be talking about forgiving them if they weren't in need of being repaid.



posted on Aug, 9 2020 @ 03:13 PM
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a reply to: AugustusMasonicus

lol in my proposal if you like your tax collector you can keep your tax collector I will not deny Americans, if they like the guy ramming the rubber phallus in their bum bums then they have every right to keep them.



posted on Aug, 9 2020 @ 03:15 PM
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originally posted by: Brotherman
lol in my proposal if you like your tax collector you can keep your tax collector I will not deny Americans, if they like the guy ramming the rubber phallus in their bum bums then they have every right to keep them.


I'm all for lowering taxes if we cut spending. Otherwise it's all bull and does nothing except make the problem worse in the future.



posted on Aug, 9 2020 @ 03:15 PM
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originally posted by: AugustusMasonicus
a reply to: toolgal462

Yeah? The taxes will need to be repaid unless Congress decides otherwise. Trump wouldn't be talking about forgiving them if they weren't in need of being repaid.


No, the payroll tax cut will END or be made permanent. They will not need to be "paid back".

The money from payroll taxes, after all, belongs to the person who earned it, not the government.

The govt. isn't giving anyone anything that they didn't work for.



posted on Aug, 9 2020 @ 03:18 PM
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originally posted by: toolgal462
No, the payroll tax cut will END or be made permanent. They will not need to be "paid back".


If Congress agrees, which they haven't, so at this time it will need to be paid back.

Once again, Cheetolini said this:


“If victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax,” adding “I’m going to make them all permanent.”


He wouldn't be saying he'd need to forgive something if they weren't required to be paid back. Or maybe he's even dumber than you thought and doesn't understand his own plan was well as you do.



posted on Aug, 9 2020 @ 03:19 PM
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Google it, payroll taxes fund Medicare Social Security and other things. No way he can cut billions arbitrarily



posted on Aug, 9 2020 @ 03:22 PM
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a reply to: AugustusMasonicus

Paying back what? A tax cut means people keep more of the money they earned.

That money isn't being "borrowed" from the govt. therefore needing to be "paid back".

It will not be required to be "paid back" by the worker.

If the govt. needs to fund whatever it is they fund with the lost tax revenue, they will take it from elsewhere.

We have FICA and SS tax. I thought those taxes were to pay for Medicare and SS?



posted on Aug, 9 2020 @ 03:25 PM
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originally posted by: toolgal462
Paying back what?


The deferred taxes. Come next April, unless Congress does something, all of the taxes not taken out of people's paychecks will need to be paid to the IRS. This isn't rocket science and it's been brought up since the beginning of the thread.



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