Well, if we're going to do the math:
100k annual salary. EO that defers the payroll taxes (7.65%) from income 8/1/2020 to 12/31/2020 (assuming normal distribution, $33,333 earned in that period).
So, that is deferring $2,549.97 in taxes, for approximately 4 months, when you would file FY2020 in Jan 2021.
So, the difference between them on ~Feb 2021? 0.
Well, if you want to argue lost opportunity in interest/investments, assuming the S&P500 makes 10% annually throughout COVID (spoiler: it won't), those returns (something like 0.8% a month, 4 months, on monthly $637 deposits) ... about 30 bucks.
We going to keep complaining, on how Trump is for all intents and purposes, the only person who would have touched the payroll tax at all, for anybody?
Obligatory footnote: Trump says he wants to forgive the payroll taxes deferred when he wins Nov 3, which would be a fuck-yes moment.
2 bucks
Well, if we're going to do the math: 100k annual salary. EO that defers the payroll taxes (7.65%) from income 8/1/2020 to 12/31/2020 (assuming normal distribution, $33,333 earned in that period).
So, that is deferring $2,549.97 in taxes, for approximately 4 months, when you would file FY2020 in Jan 2021.
So, the difference between them on ~Feb 2021? 0.
Well, if you want to argue lost opportunity in interest/investments, assuming the S&P500 makes 10% annually throughout COVID (spoiler: it won't), those returns (something like 0.8% a month, 4 months, on monthly $637 deposits) ... about 30 bucks.
We going to keep complaining, on how Trump is for all intents and purposes, the only person who would have touched the payroll tax at all, for anybody?
Obligatory footnote: Trump says he wants to forgive the payroll taxes deferred when he wins Nov 3, which would be a fuck-yes moment.