1. #1
    pavyracer
    MOLON LABE
    pavyracer's Avatar SBR PRO
    Join Date: 04-12-07
    Posts: 82,189
    Betpoints: 410

    Trump New Stimulus Will Be A Payroll Tax Credit

    So basically instead of stimulus checks to everyone regardless of whether they are unemployed or on SS only the ones with a job will get benefits. The way it works is they will not collect the payroll taxes from your paycheck (SS and Medicare) which are about 6.2% for most people making less than $150,000 per year.

    So if your paycheck is lets say $1,000 per week you will now get $1,062.

    Is this better than the stimulus money they gave before in lump sums? $1200 per person plus $500 per child.

    We need the sharps of SBR to work out the math.

  2. #2
    Slurry Pumper
    Slurry Pumper's Avatar Become A Pro!
    Join Date: 06-18-18
    Posts: 2,702
    Betpoints: 8796

    I think the payroll tax is bigger than that even. As a personal note I hope they continue to give unemployment compensation at these ridickulos levels because I'm collecting almost as much as I was making when working. Well not really, I do need another job before my skills atrophy beyond repair. The dems will want something in return for the tax relief although the tax relief is the exact medicine the economy can use and everybody who draws a paycheck would benefit.

  3. #3
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Paver I need $1200

    Can you help?

  4. #4
    milwaukee mike
    milwaukee mike's Avatar SBR PRO
    Join Date: 08-22-07
    Posts: 26,906
    Betpoints: 7585

    ss is 6.2%... medicare is 1.45%

    last time they did this it was a 2% reduction in ss (from 6.2% down to 4.2%) for 1 year

    this would suck for me because i already paid myself wages for 2020

  5. #5
    pavyracer
    MOLON LABE
    pavyracer's Avatar SBR PRO
    Join Date: 04-12-07
    Posts: 82,189
    Betpoints: 410

    Quote Originally Posted by jjgold View Post
    Paver I need $1200

    Can you help?
    Yes. I will give you $1200 if you can hold a sign that says "BLACK LIVES MATTER" in downtown Philly and stay with the protesters.

  6. #6
    pavyracer
    MOLON LABE
    pavyracer's Avatar SBR PRO
    Join Date: 04-12-07
    Posts: 82,189
    Betpoints: 410

    Quote Originally Posted by milwaukee mike View Post
    ss is 6.2%... medicare is 1.45%

    last time they did this it was a 2% reduction in ss (from 6.2% down to 4.2%) for 1 year

    this would suck for me because i already paid myself wages for 2020
    Yeah I don't know the details with the percentages. That's why we need someone to compare this with the previous stimulus.

  7. #7
    SBR_Guest_Pro
    SBR Intern
    SBR_Guest_Pro's Avatar Become A Pro!
    Join Date: 02-10-15
    Posts: 3,958
    Betpoints: 2939

    Doesnt sound good for the social security bank for when I retire in 30 years....

  8. #8
    johnnyvegas13
    johnnyvegas13's Avatar SBR PRO
    Join Date: 05-21-15
    Posts: 26,183
    Betpoints: 159

    Quote Originally Posted by SBR_Guest_Pro View Post
    Doesnt sound good for the social security bank for when I retire in 30 years....
    It will b long gone by then

  9. #9
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    Quote Originally Posted by SBR_Guest_Pro View Post


    Doesnt sound good for the social security bank for when I retire in 30 years....

    You mean Al Gore's 'Lockbox'

  10. #10
    Brock Landers
    Forever in Debt to your Priceless Advice
    Brock Landers's Avatar Become A Pro!
    Join Date: 06-30-08
    Posts: 45,360
    Betpoints: 8792

    Bullshit

    What about the millions who are unemployed??

  11. #11
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    No $$$ for you this time



  12. #12
    DrunkHorseplayer
    Redskins forever
    DrunkHorseplayer's Avatar Become A Pro!
    Join Date: 05-15-10
    Posts: 7,183
    Betpoints: 19593

    Quote Originally Posted by pavyracer View Post
    So basically instead of stimulus checks to everyone regardless of whether they are unemployed or on SS only the ones with a job will get benefits. The way it works is they will not collect the payroll taxes from your paycheck (SS and Medicare) which are about 6.2% for most people making less than $150,000 per year.

    So if your paycheck is lets say $1,000 per week you will now get $1,062.

    Is this better than the stimulus money they gave before in lump sums? $1200 per person plus $500 per child.

    We need the sharps of SBR to work out the math.
    $62/wk x 52 weeks equals $3,224/yr.

  13. #13
    Golden fleece
    Golden fleece's Avatar Become A Pro!
    Join Date: 09-25-18
    Posts: 858
    Betpoints: 2655

    i like the idea

    tax burden way to high as is

  14. #14
    gummo
    Bearcats
    gummo's Avatar Become A Pro!
    Join Date: 09-04-06
    Posts: 6,297
    Betpoints: 1195

    How does this help the people who were forced out of jobs due to the government lock down?

  15. #15
    pablo222
    pablo222's Avatar SBR PRO
    Join Date: 01-03-19
    Posts: 8,813
    Betpoints: 25546

    Afraid to post in this thread cause racypaver will report. Just kidding pal

  16. #16
    SBR_Guest_Pro
    SBR Intern
    SBR_Guest_Pro's Avatar Become A Pro!
    Join Date: 02-10-15
    Posts: 3,958
    Betpoints: 2939

    California should be cutting the state income tax to help its residents instead of sending stimulus checks to illegals

  17. #17
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Fuk you would too

    It’s
    Tempting

    Quote Originally Posted by pavyracer View Post
    Yes. I will give you $1200 if you can hold a sign that says "BLACK LIVES MATTER" in downtown Philly and stay with the protesters.

  18. #18
    pavyracer
    MOLON LABE
    pavyracer's Avatar SBR PRO
    Join Date: 04-12-07
    Posts: 82,189
    Betpoints: 410

    Quote Originally Posted by gummo View Post
    How does this help the people who were forced out of jobs due to the government lock down?
    Trump's reasoning is that it will force people back to work and reduce unemployment rate. If he keeps giving people checks he thinks they won't go back to work. He has a good point.

  19. #19
    SBR_Guest_Pro
    SBR Intern
    SBR_Guest_Pro's Avatar Become A Pro!
    Join Date: 02-10-15
    Posts: 3,958
    Betpoints: 2939

    They did tax credits and cuts back in the 2009 recession

  20. #20
    goduke
    goduke's Avatar Become A Pro!
    Join Date: 02-17-10
    Posts: 11,569
    Betpoints: 2270

    Quote Originally Posted by pavyracer View Post
    Trump's reasoning is that it will force people back to work and reduce unemployment rate. If he keeps giving people checks he thinks they won't go back to work. He has a good point.
    What about the people who don’t have jobs to go back to because that business closed up?

  21. #21
    Otters27
    Otters27's Avatar SBR PRO
    Join Date: 07-14-07
    Posts: 30,688
    Betpoints: 410

    Pavy what your IQ

  22. #22
    pavyracer
    MOLON LABE
    pavyracer's Avatar SBR PRO
    Join Date: 04-12-07
    Posts: 82,189
    Betpoints: 410

    Quote Originally Posted by goduke View Post
    What about the people who don’t have jobs to go back to because that business closed up?
    I hear you. But Trump is looking to get the unemployment numbers down to help him get re-elected. Trump is going to do what is good for Trump.

  23. #23
    pablo222
    pablo222's Avatar SBR PRO
    Join Date: 01-03-19
    Posts: 8,813
    Betpoints: 25546

    Quote Originally Posted by Otters27 View Post
    Pavy what your IQ
    Ott how are you doing without sports?

  24. #24
    Golden fleece
    Golden fleece's Avatar Become A Pro!
    Join Date: 09-25-18
    Posts: 858
    Betpoints: 2655

    Quote Originally Posted by goduke View Post
    What about the people who don’t have jobs to go back to because that business closed up?
    those people should vote red in November then since it was the left that made covid out to be such a BIG deal when clearly it wasn't.....

    hashtag: riot with masks on

    hashtag: fuk stayin at home take what you can get

  25. #25
    Otters27
    Otters27's Avatar SBR PRO
    Join Date: 07-14-07
    Posts: 30,688
    Betpoints: 410

    Quote Originally Posted by pablo222 View Post
    Ott how are you doing without sports?
    Terrible. Playing poker like 12 hours a day

  26. #26
    Hushie
    Hushie's Avatar Become A Pro!
    Join Date: 11-02-19
    Posts: 747
    Betpoints: 926

    Quote Originally Posted by Brock Landers View Post
    Bullshit

    What about the millions who are unemployed??
    penetrate em

  27. #27
    pablo222
    pablo222's Avatar SBR PRO
    Join Date: 01-03-19
    Posts: 8,813
    Betpoints: 25546

    Quote Originally Posted by Otters27 View Post
    Terrible. Playing poker like 12 hours a day
    Where you playing? Let's play.

  28. #28
    Otters27
    Otters27's Avatar SBR PRO
    Join Date: 07-14-07
    Posts: 30,688
    Betpoints: 410

    Quote Originally Posted by pablo222 View Post
    Where you playing? Let's play.
    5 dimes and bet online. You won't like playing me I'm a Maniac

  29. #29
    gauchojake
    Have Some Asthma
    gauchojake's Avatar SBR PRO
    Join Date: 09-17-10
    Posts: 33,726
    Betpoints: 13300

    Math guys check in

  30. #30
    Golden fleece
    Golden fleece's Avatar Become A Pro!
    Join Date: 09-25-18
    Posts: 858
    Betpoints: 2655

    Quote Originally Posted by gauchojake View Post
    Math guys check in
    more money in YOUR pocket > more money going to wasteful government spending

    +ev for avg joe

  31. #31
    gauchojake
    Have Some Asthma
    gauchojake's Avatar SBR PRO
    Join Date: 09-17-10
    Posts: 33,726
    Betpoints: 13300

    Pretty sure I already maxed my contributions to those taxes anyways.

  32. #32
    pablo222
    pablo222's Avatar SBR PRO
    Join Date: 01-03-19
    Posts: 8,813
    Betpoints: 25546

    Quote Originally Posted by Otters27 View Post
    5 dimes and bet online. You won't like playing me I'm a Maniac
    Ott put in a good word for me. They won't let me poker there anymore

  33. #33
    goduke
    goduke's Avatar Become A Pro!
    Join Date: 02-17-10
    Posts: 11,569
    Betpoints: 2270

    Quote Originally Posted by pavyracer View Post
    I hear you. But Trump is looking to get the unemployment numbers down to help him get re-elected. Trump is going to do what is good for Trump.
    Yeah I understand. The only thing I don’t want to see is if they are going to help people I don’t want it to be on hold till a month or two before election. Just straight bribe and it would mean that they think so low of voters and their ability to think that a stimulus will get them to vote the way they want. I’m hopeful people are smarter than this. Vote whatever way you want but don’t let just straight manipulation to decide on who to vote you know?

  34. #34
    goduke
    goduke's Avatar Become A Pro!
    Join Date: 02-17-10
    Posts: 11,569
    Betpoints: 2270

    Quote Originally Posted by Golden fleece View Post
    those people should vote red in November then since it was the left that made covid out to be such a BIG deal when clearly it wasn't.....

    hashtag: riot with masks on

    hashtag: fuk stayin at home take what you can get
    Both sides decided to make Covid a big deal. The president and the senate are republican led. You think if they didn’t agree with the covid dangers at first that democrats would be able to decide all of this and get it in action. If that’s the case then don’t you think they would be able to get everything they wanted? I don’t see the cares act passing anytime soon. Get outta your bubble man both parties had just as much influence on the quarantine. You’re blinding yourself

  35. #35
    Golden fleece
    Golden fleece's Avatar Become A Pro!
    Join Date: 09-25-18
    Posts: 858
    Betpoints: 2655

    Quote Originally Posted by goduke View Post
    Both sides decided to make Covid a big deal. The president and the senate are republican led. You think if they didn’t agree with the covid dangers at first that democrats would be able to decide all of this and get it in action. If that’s the case then don’t you think they would be able to get everything they wanted? I don’t see the cares act passing anytime soon. Get outta your bubble man both parties had just as much influence on the quarantine. You’re blinding yourself
    ok so yeah both parties made it a big deal at the beginning but its clear to me ( in my buble lol ) that one side wanted to get the show on the road and ones side wanted everyone to sit at home til 2022 practically

    people cant even go to aa meetings , the gym , funerals or family get togethers but one side is ok destroying cities alongside thousands of people. its just always backwards ass thinking from the left. it doesn't surprise anymore and i refuse to turn a "blind eye" on it guy

12 Last
Top