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Re: Trump's executive order [Re: yotetrapper30] #6958755
08/09/20 07:26 AM
08/09/20 07:26 AM
Joined: Oct 2014
Posts: 1,977
Wisconsin
8117 Steve R Online content
trapper
8117 Steve R  Online Content
trapper

Joined: Oct 2014
Posts: 1,977
Wisconsin
I am a Trump supporter, but I am with Danny on this, Executive Orders are dangerous. A president should not have that much power. The next president could sign away some of our freedoms given to us in the constitution, and then we would have to rely on our irresponsible courts to get them back. The legislative branch of the government would become irrelevant.


Steve
WTA
NRA
Re: Trump's executive order [Re: GREENCOUNTYPETE] #6958759
08/09/20 07:35 AM
08/09/20 07:35 AM
Joined: May 2011
Posts: 16,512
Oakland, MS
yotetrapper30 Offline OP
trapper
yotetrapper30  Offline OP
trapper

Joined: May 2011
Posts: 16,512
Oakland, MS
Originally Posted by GREENCOUNTYPETE
Originally Posted by James
Since taxes are set by Congress, how can Trump terminate them?

This is an election ploy.

Jim


As I read this he would not be terminating them at this time , He would be directing the allowed deferment without penalty.

you can differ income over 3 years say you move your 401K to a Roth IRA you can divide it by 3 and spread the taxes out over 3 years.

this would be similar to that but for the employer portion.

it might allow an employer to bring 4 people back when they would have only been able to bring back 3 otherwise.



So it sounds like you're reading this like I am then? This executive action allows employers to defer their payroll taxes, but employees are still required to pay them???


~~Proud Ultra MAGA~~
Re: Trump's executive order [Re: Duckie1] #6958796
08/09/20 08:31 AM
08/09/20 08:31 AM
Joined: Sep 2010
Posts: 2,779
Northern lower Michigan
Feedinggrounds Offline
trapper
Feedinggrounds  Offline
trapper

Joined: Sep 2010
Posts: 2,779
Northern lower Michigan
Originally Posted by Duckie1
Trump has said from day one he wanted to eliminate the payroll tax, that was in his campaign speeches last time around.
The Supremes gave him the E.O. option when they said Obama's Excutive Orders, which even Obama said were unconstitutional, could stand.
I don't agree with excessive E.O.s being passed by anyone but you can't just blame Trump when people like Whitmer here in Michigan are nearing 180 E.O.s since March.
Fellow Michigan family suffering under the Nasty Governors thumb of E/O's. I and family signed the petition yesterday to snap her lease.

Last edited by Feedinggrounds; 08/09/20 08:32 AM. Reason: correction

you're only allowed so many sunrises... I aim to see every one of them!
Re: Trump's executive order [Re: James] #6958802
08/09/20 08:37 AM
08/09/20 08:37 AM
Joined: Sep 2010
Posts: 2,779
Northern lower Michigan
Feedinggrounds Offline
trapper
Feedinggrounds  Offline
trapper

Joined: Sep 2010
Posts: 2,779
Northern lower Michigan
Originally Posted by James
Why do people making $99,999 per year need help?

It's the people who've lost their jobs that need help.

Jim
They been getting $600 extra a week...That's not help? Nose bleeds huh?


you're only allowed so many sunrises... I aim to see every one of them!
Re: Trump's executive order [Re: yotetrapper30] #6958825
08/09/20 09:04 AM
08/09/20 09:04 AM
Joined: Aug 2019
Posts: 279
Michigan
D
Duckie1 Offline
trapper
Duckie1  Offline
trapper
D

Joined: Aug 2019
Posts: 279
Michigan
The problem was the additional $600 was higher than many made while working so who would want to go back to work and take a pay cut.

Re: Trump's executive order [Re: yotetrapper30] #6958834
08/09/20 09:19 AM
08/09/20 09:19 AM
Joined: Dec 2006
Posts: 21,539
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,539
Sandhills Nebraska
The best/ only breakfast restaurant in town just closed for good simply because they can't get help. They were doing a great business.
Steak house can't get help. Motels can't hire help. It's pathetic.


Life ain't supposed to be easy.
Re: Trump's executive order [Re: yotetrapper30] #6958860
08/09/20 09:57 AM
08/09/20 09:57 AM
Joined: Apr 2019
Posts: 22
South West Alabama
O
Ole Farte Offline
trapper
Ole Farte  Offline
trapper
O

Joined: Apr 2019
Posts: 22
South West Alabama
Executive Order = By by Social Security

Re: Trump's executive order [Re: yotetrapper30] #6958871
08/09/20 10:10 AM
08/09/20 10:10 AM
Joined: Dec 2006
Posts: 29,750
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 29,750
williamsburg ks
The best economic relief would be to quit all the chinese flu rules and repeal 80% of the licensing and other onerous business regulations. If the government would get out of the way the people in the United States would do what they do best. Create wealth.

The definition of license is: permission to do something that is illegal. How can running a private business be illegal in the first place??????

Ending minimum wage laws and GOVERNMENT unemployment insurance would be a real good start.

It looks to me like politicians are trying desperately to save fiat currency. IF that is accurate you better hang on. Going to be a carnival ride like nobody has ever seen before.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Trump's executive order [Re: yotetrapper30] #6958913
08/09/20 11:05 AM
08/09/20 11:05 AM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline
trapper
danvee  Offline
trapper
D

Joined: Mar 2010
Posts: 3,035
wyoming southeast
Dont pay taxes let the government ask us the people what we want done we in turn will decide with oversight how we want our donations to projects spent.

Re: Trump's executive order [Re: yotetrapper30] #6958931
08/09/20 11:36 AM
08/09/20 11:36 AM
Joined: Mar 2007
Posts: 35,129
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,129
McGrath, AK
Originally Posted by yotetrapper30



So it sounds like you're reading this like I am then? This executive action allows employers to defer their payroll taxes, but employees are still required to pay them???



No. The employee portion will not be deducted from the employee's wages. Additionally, the employer will be allowed to defer payment to the government, BOTH the employee and employer portion of the tax. Those deferred taxes MAY be payable at some point in the future.

Trump said that if he is elected he will work to negate those particular taxes from payment.


Mean As Nails
Re: Trump's executive order [Re: James] #6958940
08/09/20 11:42 AM
08/09/20 11:42 AM
Joined: Mar 2007
Posts: 35,129
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,129
McGrath, AK
Originally Posted by James
Since taxes are set by Congress, how can Trump terminate them?

This is an election ploy.

Jim



He isn't terminating them.He is deferring them at this point.

His statement goes on to say that he will instruct the Secretary of the Treasury to work towards LEGISLATION to eliminate those particular taxes permanently. That means he expects Congress to do it........not his EO


Mean As Nails
Re: Trump's executive order [Re: yotetrapper30] #6958945
08/09/20 11:47 AM
08/09/20 11:47 AM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,135
Armpit, ak
So how much will they have to print to payout the SSI benefits? That tax generated the revenue for that program plus some extra the government could borrow. Maybe he can defer those payments too? smile


Who is John Galt?
Re: Trump's executive order [Re: James] #6958962
08/09/20 12:12 PM
08/09/20 12:12 PM
Joined: Oct 2009
Posts: 3,635
Pottawatamie co. IA
LLtrapper Offline
"The Coon Combine"
LLtrapper  Offline
"The Coon Combine"

Joined: Oct 2009
Posts: 3,635
Pottawatamie co. IA
Originally Posted by James
Why do people making $99,999 per year need help?

It's the people who've lost their jobs that need help.

Jim


That is the exact point. Go get a job and you will receive the benefits of your labor instead of those who do not work enjoying the benefits of your labor. You know, anti socialist/ pro worker. LLL


Isaiah 51:6 But my salvation will last forever, my righteousness will never fail.
Re: Trump's executive order [Re: yotetrapper30] #6958980
08/09/20 12:42 PM
08/09/20 12:42 PM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,135
Armpit, ak
Don't worry Jim, every day Trump does some socialist or fiscally stupid stuff, real Conservatives recognize it for what it is.


Who is John Galt?
Re: Trump's executive order [Re: yotetrapper30] #6958989
08/09/20 12:53 PM
08/09/20 12:53 PM
Joined: Dec 2006
Posts: 29,750
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 29,750
williamsburg ks
LMAO


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Trump's executive order [Re: yotetrapper30] #6958999
08/09/20 01:10 PM
08/09/20 01:10 PM
Joined: Feb 2010
Posts: 19,691
pa
H
hippie Offline
trapper
hippie  Offline
trapper
H

Joined: Feb 2010
Posts: 19,691
pa
IMO, people shouldn't do this. IF they have to pay it at a later date, I doubt very very few will be ab!e to.

Re: Trump's executive order [Re: yotetrapper30] #6959002
08/09/20 01:13 PM
08/09/20 01:13 PM
Joined: Nov 2015
Posts: 829
Maine
S
SleekOtter Offline
trapper
SleekOtter  Offline
trapper
S

Joined: Nov 2015
Posts: 829
Maine
Even if it'll make us owe money come tax season I'd always rather owe than be owed. Why give the government an interest free loan of your own hard earned money when you could invest it and make something off it instead for the year?

Re: Trump's executive order [Re: yotetrapper30] #6959015
08/09/20 01:47 PM
08/09/20 01:47 PM
Joined: Oct 2015
Posts: 1,076
Maine
M
mainer Offline
trapper
mainer  Offline
trapper
M

Joined: Oct 2015
Posts: 1,076
Maine
Whatever else it may be, it's clearly a political move and a very smart one at that. It sets up a stark contrast between a bickering and failing Congress whose sole interests are mired in power politics and President Trump who cuts through the partisan nonsense and gets it done for the American people with the stroke of a pen.

You may disagree with the move, see it as cynical, politically self serving, unconstitutional, or whatever.... None of that matters. The point is that the contrast has nevertheless been made and is unambiguous.

Once again, the Democrats gave Trump everything he needed. That contrast will grow and solidify when the Democrats challenge it in the courts, and Trump will be given a ready-made platform to do what he does best.

As some of his critics on the Left have said over and over since this all started, Trump is out-lefting the Left. While that may be distasteful for conservatives in the short term, it's shrewd political gamesmanship in the long term.

It's a beautiful thing.

Note: I kinda wish RoyTOOdum was still around to call me a closeted liberal or worse a Democrat, but I have no doubt someone here will carry his torch. laugh

Last edited by mainer; 08/09/20 01:51 PM.

"...in a very few days we succeeded in taking over one hundred beaver, the skins of which were worth ten dollars per pound."
Jim Beckwourth (1856)
Re: Trump's executive order [Re: yotetrapper30] #6959020
08/09/20 01:52 PM
08/09/20 01:52 PM
Joined: Dec 2006
Posts: 29,750
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 29,750
williamsburg ks
who wins the prize for the greatest deficit increase. trump or obama?


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Trump's executive order [Re: yotetrapper30] #6959024
08/09/20 01:54 PM
08/09/20 01:54 PM
Joined: Dec 2006
Posts: 29,750
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 29,750
williamsburg ks


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
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