I am confused by this post. It is intellectually too far above me. I always thought Fed Tax was the withholding tax on your income, and the Payroll Tax was the amount you chip in to pay for Soc Sec benefits for those 65 and up (legalized Ponse Scheme set up by Dem FDR. Bernie Maddoff anyone?)
As others have said. "Payroll taxes" are the FICA and Medicare. No one in their right mind would stop to main Federal tax. IRS would be like dogs next April.
Now I’m double confused. Your post indicates that federal withholding is being suspended. I’m saying SS and Medicare taxes. Can you clarify what is being suspended and can you show me because I searched and I’m not finding an exact explanation
If he actually suspended collection of "payroll" tax, then this image is incorrect. Payroll tax is FICA, i.e. SS, Medicaid, disability, etc.
Tooting my own horn ...
https://thedonald.win/p/Gc7btON9/ok-a-bit-of-welldone-steak-in-th/
I am confused by this post. It is intellectually too far above me. I always thought Fed Tax was the withholding tax on your income, and the Payroll Tax was the amount you chip in to pay for Soc Sec benefits for those 65 and up (legalized Ponse Scheme set up by Dem FDR. Bernie Maddoff anyone?)
As others have said. "Payroll taxes" are the FICA and Medicare. No one in their right mind would stop to main Federal tax. IRS would be like dogs next April.
OP, you just have the titles backwards.
How do you know he suspended withholding? If he did, a lot of people will just wind up owing at tax time. Not good.
To add to my comment, the last payroll tax holiday was SS and Medicare taxes (the one Nancy wasn’t worried about)
thats exactly whats going to happen. He said he's going to make them permanent if he is re-elected.
Now I’m double confused. Your post indicates that federal withholding is being suspended. I’m saying SS and Medicare taxes. Can you clarify what is being suspended and can you show me because I searched and I’m not finding an exact explanation
Who would win: one shit-tier meme, or an entire MSM/Democrat/Commie narrative?