Social Security is the world's biggest and most government-funded Ponzi scheme in history. It literally requires the population to perpetually remain a sharp pyramid, with vastly more youthful workers feeding the fund than retirees draining it, while also requiring inflation to stay at 0% in order for the money put in to match with the money that would later be taken out.
At no point in human history could it ever function as originally described. At best, it's constantly stealing money from the young to give a tiny stipend to the old. At worst, it's nothing more than a giant slush fund to be frivolously used/abused by any politician who even glances in its general direction for more than 2 seconds.
Payroll taxes are the taxes taken out of your paycheck besides income tax:FICA, Medicare, idk some other bullshit. It is not a tax break for some who is paying a “payroll”
If you’re salaried, take your gross pay per pay period and multiply by 7.65%. This will fall straight to your bottom line. Multiply by number of pay periods left in 2020 with your employer, that’s the total of TrumpBucks you’re getting from this stimulus in total.
Get fucked liberals without jobs screeching about this.
What does this mean exactly? Will workers see more money, or is this just going to help the business?
EDIT: Thanks for the replies, but I'm a cynic and will believe I have a bigger paycheck when I see a bigger paycheck.
LOL and a lot of other taxes if you live in a (D) fucking state.
It's true, I got a 10% raise for simply moving out of California.
Social Security is the world's biggest and most government-funded Ponzi scheme in history. It literally requires the population to perpetually remain a sharp pyramid, with vastly more youthful workers feeding the fund than retirees draining it, while also requiring inflation to stay at 0% in order for the money put in to match with the money that would later be taken out.
At no point in human history could it ever function as originally described. At best, it's constantly stealing money from the young to give a tiny stipend to the old. At worst, it's nothing more than a giant slush fund to be frivolously used/abused by any politician who even glances in its general direction for more than 2 seconds.
No money will be taken out of your paycheck for taxes.
Payroll taxes are the taxes taken out of your paycheck besides income tax:FICA, Medicare, idk some other bullshit. It is not a tax break for some who is paying a “payroll”
Damn that’s serious. I was about to check my last paystub and see what I’d be looking at
Workers will see more money now, and get ass raped next tax season when they owe it all back.
On top of the first stimulus checks that we’ll have to pay back.
If you’re salaried, take your gross pay per pay period and multiply by 7.65%. This will fall straight to your bottom line. Multiply by number of pay periods left in 2020 with your employer, that’s the total of TrumpBucks you’re getting from this stimulus in total.
Get fucked liberals without jobs screeching about this.
Reeeeee but lowering taxes doesn't help people who don't work!