Tag: Payroll taxes
Social Security To Run Out of Money Sooner
The trust fund that sustains a large portion of the Social Security benefits American seniors rely upon will run out of money in 2033. The trust fund will be depleted a year earlier than forecast a year ago. That’s the verdict of Social Security’s trustees, who point to the “precipitous” effect of the coronavirus...
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No $1,000 Handouts, End Payroll Taxes!
As a small business owner, I don’t need a $1,000 handout. This is a gimmick—let’s instead focus on solutions tailored to the problem. I need the tax relief of suspending the payroll taxes I and my workers pay. Some math—my workers are all being paid their normal salaries for the foreseeable future, despite trials,...
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