Tuesday, March 3, 2020
Cut payroll tax
Trump has proposed a payroll tax cut. This is the best way to help low income workers since everyone pays 7.65% into social security/Medicare. One half of all workers pay no income tax so a lower income tax rate will not help them but they all pay payroll tax. For someone earning $15 per hour this puts $2,300 per year into their pockets.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment