Re:April Unemployment Rate Rose to a Record 14.7%
by ceejayoz on Friday May 08, 2020 @12:25PM
(#23116511)
I'm genuinely baffled that one of the big proposals being floated is a payroll tax holiday, which would only really help the still employed folks.
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Re:April Unemployment Rate Rose to a Record 14.7%
by poulsbohemian on Friday May 08, 2020 @01:15PM
(#23117085)
The idea with this is that the employer is holding back money that would otherwise be remitted as tax dollars, IE: helps with employer cash flow. Those funds then become available to pay out as salary. So itβs a rob-Peter-to-pay-Paul scheme to hopefully keep the employer solvent just a little longer and thus keeping those employees from needing to file unemployment.