General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump is destroying the retirement of every non-rich person in US!!
The GOP is out to destroy those like me, who've been retired for a while
And those who thought they could retire last year/this year
GOP wants to ERADICATE all non-rich people ---families, children, old people
Their secret dream is of being Scrooge McDuck, swimming in a sea of gold
Turbineguy
(37,291 posts)at age 64 the funding problem goes away.
Plus they can make a profit selling organs.
RKP5637
(67,086 posts)RKP5637
(67,086 posts)Ms. Toad
(33,992 posts)All it does is allow the employer to stop withholding for the rest of the year.
The taxes are still due to the social security system.
The taxpayer will still have to pay them - when they complete their taxes they will discover they have not pre-paid their FICA taxes as they usually do - and will owe the amount ordinarily withheld.
This is (1) an illusion of giving you more money now (2) coupled with a threat that if you don't elect me the withholding deferral goes away, Congress has no chance to actually forgive those taxes, and you will owe all those taxes come tax day.
Not disputing your general posiiton - just that this particular order is far more evil (but less likely to impact the SS system overall)
Thekaspervote
(32,705 posts)WyattKansas
(1,648 posts)After the Democratic sanity takes the government back over that Donald Dumbass and the Republican Party ran up the credit card debt and nonpayments, so that is why the debts are due and the extended misery is happening... Democratic Party: Tell voters that voting Republican again means the Republican Pump and Crash economy will only repeat itself again and extend misery.
Fiendish Thingy
(15,548 posts)Fortunately, despite all his proclamations, the Payroll tax is just a deferral, with a lump sum due to be paid at the end of the year. Because of this, most employers will continue to withold the payroll taxes.
Of course, given the chance, he would dismantle SS and Medicare, but he wont get the chance.