www.politico.com
I think they're just trying to protect themselves
I bet it'll take most people's tax returns. My sister got all excited until we explained it's a deferment. She would be crushed if she lost all of her tax money.
This will be until the end of the year, so maybe less than 2k?
Yes, and the employer would have to keep track of it too, cause normally the employer just takes it out of payroll automatically and pays for the employee to save on headaches.
That only would have made sense if it were like the Obama-era social security cuts which were not deferments. This was just a whole lot of nonsense.
He managed to bankrupt a business designed in such a way that the house always wins. An impressive feat.
To let uninformed people think they got free money from Trump
He's saying that if he gets elected he'll forgive those deferred taxes. He's already run up deficits of about $7 trillion in less than one term, another $1 trillion being proposed by the Senate now, and there's this too. Anything he can do to buy his way back in, and save himself from the repercussions of his lifetime of illegal activities only being protected now his presence in the Office.
I work for an entertainment payroll company and, while I wouldn't be the one to decide, it kind of seems like they're just pretending this didn't happen. Because no one has so much as mentioned it. Probably don't want to not withhold and then, next year, we'll get calls from every single one of our employees to complain about their bill.I work in the payroll industry for a fairly sizable HR & Payroll company where it's our job to know how to handle precisely this kind of shit, both to develop our software to accommodate laws and government mandates that affect payroll and to provide answers to clients who want to know how to handle this system to make sure their payrolls and tax filings are correct.
This executive memorandum is absolutely batshit bonkers for our company and all other payroll providers right now even as we work to reach out to our built networks of government liaisons who usually always tell us the gritty details of how this is going to work. It's shrug emojis all the way down. It's fucking nuts.
Our industry right now is basically in a month long version of this meme when it comes to figuring out how to deal with this.
Hasn't been a peep from my employer about it. And we're a public organization in a currently red state!
