Government Shutdown

[CF]

What's the odds we get payroll tax forgiveness? How doth that even happen?

If you think the morons that’s took 6 months to figure out a budget and covid relief and needed multiple extensions are going to remember/give a shit enough to do that...

 

[32andBelow]

Don’t see why trump can’t just yeet it. He created this whole payroll tax mess with an EO

 

[Shikaka]

Don’t see why trump can’t just yeet it. He created this whole payroll tax mess with an EO

He can mess with the methods of collecting taxes, congress is the only authority which can allow the forgiveness of a tax since they're the only ones who can determine federal taxes. Otherwise Trump would have said everyone chips in for the wall.

 

[32andBelow]

He can mess with the methods of collecting taxes, congress is the only authority which can allow the forgiveness of a tax since they're the only ones who can determine federal taxes. Otherwise Trump would have said everyone chips in for the wall.

I guess he could push it back further. Like he’s done with student loans.

Looks like the bill actually adresses the payroll tax. It’s not forgiven but it is now to be repaid over the whole year.

 

[CF]

so don’t have a budget though feels bad

 

[Billybob]

Looks like the bill actually adresses the payroll tax. It’s not forgiven but it is now to be repaid over the whole year.

Federal workers were among the few who were pushed into deferring their Social Security payroll taxes for the final four months of 2020. Mr. Trump was trying to offer a payroll-tax cut without congressional support, but all he could do under the law was defer the payments. Most employers chose not to change workers’ paychecks at all because of the complexities and potential liability, but Mr. Trump made federal employees participate.


Currently, the workers, including military service members, are required to pay back deferred taxes over the first four months of 2021, and that could pose hardships for people who aren’t expecting smaller paychecks. The congressional agreement would extend the payback period through December 2021.

So it would be an additional 2ish% the whole year instead of 12ish% the first 4 months. meh

 

[Shikaka]

I guess he could push it back further. Like he’s done with student loans.

Looks like the bill actually adresses the payroll tax. It’s not forgiven but it is now to be repaid over the whole year.

Federal workers were among the few who were pushed into deferring their Social Security payroll taxes for the final four months of 2020. Mr. Trump was trying to offer a payroll-tax cut without congressional support, but all he could do under the law was defer the payments. Most employers chose not to change workers’ paychecks at all because of the complexities and potential liability, but Mr. Trump made federal employees participate.


Currently, the workers, including military service members, are required to pay back deferred taxes over the first four months of 2021, and that could pose hardships for people who aren’t expecting smaller paychecks. The congressional agreement would extend the payback period through December 2021.

So it would be an additional 2ish% the whole year instead of 12ish% the first 4 months. meh

Congress demands their dues...bet Joel Osteen skips his PPP payback.

 

[32andBelow]

Are we getting a raise? Pretty much just cancels out our raise

 

[Termine]

So it would be an additional 2ish% the whole year instead of 12ish% the first 4 months. meh

An additional ~2% instead of an additional 6.2%, on top of the baseline 6.2%. So it'll be ~8% for the whole year instead of 12.4% for four months and the standard 6.2% for eight months.

Roughly, of course, because they should be taking even payments based on how much was deferred instead of blindly applying a percentage. Keep an eye on your LES.

 

[Logical_Mongoose]

An additional ~2% instead of an additional 6.2%, on top of the baseline 6.2%. So it'll be ~8% for the whole year instead of 12.4% for four months and the standard 6.2% for eight months.

Roughly, of course, because they should be taking even payments based on how much was deferred instead of blindly applying a percentage. Keep an eye on your LES.

Are we getting a raise in January? I know as of 3 weeks ago that congressional Republicans wanted no raises next year for federal workers, but don't know if that has changed at all with negotiations.

If we get anything in January and then 1.6 in June that that should average out to about 2% for the year and more or less cancel out the payback, I think.

 

[the inquirer]

Are we getting a raise in January? I know as of 3 weeks ago that congressional Republicans wanted no raises next year for federal workers, but don't know if that has changed at all with negotiations.

If we get anything in January and then 1.6 in June that that should average out to about 2% for the year and more or less cancel out the payback, I think.

It’s not looking good for a raise. My guess is no.

 

[Shikaka]

It’s not looking good for a raise. My guess is no.

Honestly I wasn't even expecting to get paid...so...congrats everyone?

 

[FightingIrish2012]

Roughly, of course, because they should be taking even payments based on how much was deferred instead of blindly applying a percentage. Keep an eye on your LES.

This is important, there are a few people at my facility who were right on the boundary of $4,000 gross a check. So some checks they got the deferment, others where they worked a holiday or OT they were over it with nothing deferred. So hopefully they only take back the true amount deferred, not a base extra 2% or they will overpay.

 

[rugbydog11]

This is important, there are a few people at my facility who were right on the boundary of $4,000 gross a check. So some checks they got the deferment, others where they worked a holiday or OT they were over it with nothing deferred. So hopefully they only take back the true amount deferred, not a base extra 2% or they will overpay.

Yeah. I'm one of those dudes. Deferred 3/6 paychecks. Worked mids last week so I'm assuming I'll be over 4k gross on next paycheck.

 

[Logical_Mongoose]

Yeah. I'm one of those dudes. Deferred 3/6 paychecks. Worked mids last week so I'm assuming I'll be over 4k gross on next paycheck.

**Cries in level 5**

 

[CK]

I’m in that boat as well, most my checks over, thanks OT and holidays, but even when I made just under (gross) it still looks like they taxed me any way. I’m fucking confused on this. I’m sure that’s the plan so when they ravage my pay I’m too damn confused to contest.

 

[rugbydog11]

I’m in that boat as well, most my checks over, thanks OT and holidays, but even when I made just under (gross) it still looks like they taxed me any way. I’m fucking confused on this. I’m sure that’s the plan so when they ravage my pay I’m too damn confused to contest.

Read the very bottom of each LES... The ones where they are deffered, it's in the notes.

 

[ehmeye]

Honestly I wasn't even expecting to get paid...so...congrats everyone?

 

[Shikaka]

 

[CF]

Top 5 gif of all time.