Ppp recipients.....

Ppp was clearly a half measure see bankruptcies.... more needs to be done

 

"Also, your kind forgetting that only the employer pays payroll taxes, not the employee. Big miss on your part."

I believe your wrong......


Payroll taxes are withheld from workers' wages and are used to fund government programs, such as Social Security and Medicare

For social Security, employees wages are subject to tax at 6.2% up to $137,000 in 2020. Workers also pay a medicare tax of 1.45%.

Employers match what employees contribute by putting 6.2% towards social security tax and 1.45% for Medicare tax.

https://www.cnbc.com/2020/06/05/trump-wants-to-give-workers-a-payroll-tax-cut-how-it-would-work.html

 

So you approach your perspectives from an all or nothing perspective.

Got it.

 

I dont consider taxes paid by the employee "payroll" tax. It really isn't a tax on payroll, it's an income tax, unemployment insurance, etc. Even income tax is really just a withholding until tax liability can be determined.

Payroll is a function of paying employees... so employers. They pay tax. Not withholdings. Not insurance.

 

You most definitely pay payroll taxes as an employee, and the employer matches

Source: been doing payroll for 30 years

this is not in doubt.

In addition to payroll taxes add witholding. That is the income tax portion

 

Can you break down the payroll taxes an employee makes.

 

Scroll up 3-4 posts, Turner answered this well enough.

Seriously....

 

I'd say what the administration considers it to be ranks higher than what you consider it to be

I'm not trying to be disrespectful fyi

 

Ok, after reading this a 3rd time, I get what you are saying. A payroll tax being different vs paying an income tax on on your payroll.

I still lump them together. being both sides of the same coin,, for example If your self employed you pay both sides of that coin, and I view both as a payroll tax.

Actually I'd prefer if we increased that tax, not crazy, just a point or two and raised the cap. I'm 100% behind raising the cap.