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In reply to the discussion: Payroll Tax Cut Most horrifying decision ever [View all]Ms. Toad
(34,062 posts)60. This would be solely for the period from September through December.
Most people don't understand how FICA taxes work, and will spend the extra money in their paychecks for the next 3 months - not realizing that they will need to reconcile them on tax day. Those people will be hurt by Trump's gambit.
AND - what I'm talking about funding is not social security, but a tax credit to hold taxpayers harmless for Trump's campaign stunt.
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Yes they have. They finally got a president evil enough and stupid enough to do it
MaryMagdaline
Aug 2020
#4
How does most of the media respond? "trump acts because congress didn't people will get checks!"
mucifer
Aug 2020
#10
It's not a tax cut. It's a tax postponement. And they'll undoubtedly charge all of us interest.
Squinch
Aug 2020
#12
Yes. In a normal world this would be the death knell to anyone's campaign
MaryMagdaline
Aug 2020
#37
Biden will not force people to pay it. He'll make soc security whole by taking money
CousinIT
Aug 2020
#67
how ironic is it that probably 50 to 60 percent of KY voters depend heavily
yellowdogintexas
Aug 2020
#36
No need to apologize. You've eloquently and logically described stark reality
MaryMagdaline
Aug 2020
#28
Death by a thousand cuts. The only upside is this may be the final cut to end of Trump
Fla Dem
Aug 2020
#29
So we all get a SSA balloon payment taken out of Our paychecks on Jan 1 2021....
Tommymac
Aug 2020
#39