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Questions Remain After IRS Rolls Out Guidance On Payroll Tax Deferral
“(Friday) the Department of Treasury and Internal Revenue Service (IRS) finally issued official guidance for taxpayers. For many, it raised more questions than answers.”
After reading through this, I need a skillful cpa or a brain surgeon to figure this one out for me Maybe don't fix it when its not broken and leave everything as it is
I think it's a failsafe in case he and the GOP lose or lose big in November. They can claim later on that the Democrats "raised taxes" when that deferral kicks in and folks must pay more in taxes next year.
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Maybe don't fix it when its not broken and leave everything as it is
Then there's this ..
"Federal workers will have taxes deferred under Trump’s order, sparking outcry they’re being treated as a ‘guinea pig’"
https://www.washingtonpost.com/us-policy/2020/08/31/payroll-tax-trump-federal-employee/
I think it's a failsafe in case he and the GOP lose or lose big in November. They can claim later on that the Democrats "raised taxes" when that deferral kicks in and folks must pay more in taxes next year.