Quote:
Originally Posted by RickBomba
Payroll tax cut EO, really?
What part about that relief helps those of us who aren’t out looking for new waterfront bungalows?
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do you know what payroll tax is, what he cut?
everyone who makes less than 104k a year, will get a big increase in take home pay. their take home pay will increase by 7.65% ( i think) of their gross pay.
how many people
making less than 104k a year, are looking for waterfront bungalows, do you think?
you only pay payroll taxes on approximately the first 135k of gross pay. meaning, anyone who has made more than 135k already this year, sees no benefit. isn’t that right?
unless i’m wrong, this can’t help the wealthy.
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