1017 Holy shit!!!! He's getting rid of the payroll tax!!!!! posted 253 days ago by FreshFriggy 253 days ago by FreshFriggy +1017 / -0 74 comments share 74 comments share save hide report block hide child comments Comments (74) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 15 ▼ – OneTypoComment 15 points 253 days ago +15 / -0 How will this affect filing taxes in 2021? permalink save report block reply ▲ 12 ▼ – deleted 12 points 253 days ago +12 / -0 ▲ 10 ▼ – OneTypoComment 10 points 253 days ago +10 / -0 My family is doing quite well so any extra money in our paychecks will go into a savings account to draw interest until after we file. permalink parent save report block reply ▲ 16 ▼ – WinstonSmith1984 16 points 253 days ago +16 / -0 "into a savings account to draw interest" not much interest out there to be drawn permalink parent save report block reply ▲ 5 ▼ – OneTypoComment 5 points 253 days ago +5 / -0 anything is better than a poke in the eye. permalink parent save report block reply ▲ 5 ▼ – Bramble 5 points 253 days ago +5 / -0 For a ton of people it will go to paying off debt, which often has 20% interest. It's going to be huge for a lot of people. permalink parent save report block reply ▲ 3 ▼ – Pres_Trump 3 points 253 days ago +4 / -1 Better to burn it than put it into a savings account. Find something that will at least give you some kind of return. Even 5% is way better than a savings account. permalink parent save report block reply ▲ 7 ▼ – Kozio_ 7 points 253 days ago +8 / -1 It is a deferral permalink parent save report block reply ▲ 3 ▼ – OneTypoComment 3 points 253 days ago +3 / -0 I work with my hands. plz explain like I'm Biden. permalink parent save report block reply ▲ 9 ▼ – Kozio_ 9 points 253 days ago +9 / -0 You can sniff all the kids you want now, but you'll pay for it later permalink parent save report block reply ▲ 5 ▼ – jack1989 5 points 253 days ago +5 / -0 Not going to affect Federal income taxes. permalink parent save report block reply ▲ 2 ▼ – catvideos3 2 points 252 days ago +2 / -0 Save all your money because they want it on April 15 permalink parent save report block reply
How will this affect filing taxes in 2021?
My family is doing quite well so any extra money in our paychecks will go into a savings account to draw interest until after we file.
"into a savings account to draw interest"
not much interest out there to be drawn
anything is better than a poke in the eye.
For a ton of people it will go to paying off debt, which often has 20% interest.
It's going to be huge for a lot of people.
Better to burn it than put it into a savings account. Find something that will at least give you some kind of return. Even 5% is way better than a savings account.
It is a deferral
I work with my hands.
plz explain like I'm Biden.
You can sniff all the kids you want now, but you'll pay for it later
Not going to affect Federal income taxes.
Save all your money because they want it on April 15