But it’s just a deferment, for people under 100k. It’s going to be paid back at tax time, at least for individuals. Wouldn’t be surprised if corps get a forgiveness though.
I wouldn’t, there is a reason it only applies to employees who make less then 4K every other week. There hedging on giving people their refund check early, not canceling tax’s. If you make more then 4K every other week you get nothing, it’s not a progressive tax deferment like our tax code actually is.
But it’s just a deferment, for people under 100k. It’s going to be paid back at tax time, at least for individuals. Wouldn’t be surprised if corps get a forgiveness though.
And what happens if you have to pay it back? You go under or take a massive loan next year?
I wouldn’t, there is a reason it only applies to employees who make less then 4K every other week. There hedging on giving people their refund check early, not canceling tax’s. If you make more then 4K every other week you get nothing, it’s not a progressive tax deferment like our tax code actually is.