General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsYou know what I don't see in trump's Executive's order? The $1200 stimulus.
Is it gone?
soothsayer
(38,601 posts)Which screws gig workers far as I can tell
BamaRefugee
(3,488 posts)which for me, due to 2 major surgeries and lots of lost work was very low, so I get $167 a week!
As long as you get at least $1 in UI from the state, you also got the Fed money. BUT, if you worked at all, you have to report your GROSS, and then they subtract that from your UI payment, even though what you report is far far from what was actually left for you after expenses.
So if I make $168 in a week I then LOSE all the Fed money, it's impossible to exist on $167!
sweetloukillbot
(11,150 posts)BamaRefugee
(3,488 posts)then again his bootlickers won't have a clue, and will think there won't be ANY taxes taken out of their paychecks.
if they're even getting paychecks.
Hoyt
(54,770 posts)LiberalFighter
(51,299 posts)Part is taken out of employee and part from employer.
It is intended to destroy Social Security and Medicare. They will have to reduce Social Security later when it is being depleted and increase Medicare monthly premiums at a faster rate.
former9thward
(32,136 posts)Half and half.
Iliyah
(25,111 posts)any authority to request it from the treasury.
It's all a smoke scene. And there is no $1,200 stimulus check . .
soothsayer
(38,601 posts)So he wont have to pay anything but still seem like a good guy
Freethinker65
(10,105 posts)FICA pays for Social Security and Medicare. It is a percentage of your earnings typically your employer pays to fund those social programs.
As I understand it, by suspending the tax, that money can either be paid to employee as wages, or pocketed by employer. Any guess how many employees will see any of it?
Also, it is proposed as a suspension, which means it would need to be eventually paid back. Pretty sure they will decide, nah, let's just starve those social programs that help people we dislike instead. Keep the money, if you got it, as your stimulus. Of course, you need to be employed with an employer that passes on the $$ to "benefit" now from your future reduction in Social Security/Medicare.
FoxNewsSucks
(10,435 posts)The total is 15.3%, half is deducted from the employee check, then the employer matches the withheld amounts when sending in the payment.
So the employer would keep their half, and the employee would no longer have the amounts withheld.
This would severely undermine SS & Medicare, and does nothing for the unemployed, who need the most help. And if, as some said, it's not a waiving of the tax but instead a temporary suspension of paying and collecting, then everyone (employee and employer) gets a massive tax bill in a few months.
Fuck tRump.
Iliyah
(25,111 posts)Many rural areas rely on Medicaid and a few red states have expanded the program. This would hurt many states.
calguy
(5,348 posts)It's all a political stunt in my opinion.
tritsofme
(17,435 posts)to drive another stimulus check program without Congress.