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Are medicare and social security payments also being suspended? If so, no problem. If not, the money has to come from somewhere, sometime. And that "somewhere" is us.
How does it accrue a personal debt when it is the government that is suspending collecting the tax?
originally posted by: Phage
a reply to: projectvxn
First of all no debt is being accrued.
In the case of FICA taxes, debt is indeed being accrued. By the government. But they're good at that.
But if the government is the one acting I don't see how it legally falls on the individual. That doesn't make any sense.
Payroll Tax revenues are already getting kicked in the ass because of all the "accrued" unemployment
Yeah but unemployed people don't get pay checks so their contributions along with employers is a fat Zer0
You think "States" have "reserves"?