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Through executive order, the Trump Administration is cancelling the payroll tax for certain working people starting September 1, 2020.... but is this a payroll tax cancellation?? * * * ABSOLUTELY NOT! This move from the administration is not a tax cut, but a deferment. This executive decision would defer all payroll tax for people who make LESS than $4000 (gross) per 2 week pay period. What does that mean for you? You’ll see more money in your check from September 2020 - December 2020. But there’s a massive downside that you need to know... * * * In the first 4 months of 2021, your employer WILL have to pay have to pay that payroll tax back using your check. What does that mean? You’ll potentially be paying DOUBLE payroll tax from January 2021 - April 2021 to cover the cost. So what should you do? Plan ahead and start putting any extra money you earn in a savings account and do not touch it because when your checks get slim in 2021, you’ll wish you had. * * * If this executive decision holds up, there could be a chance for CONGRESS to forgive the unpaid payroll tax during this deferment, but since it isn’t a guarantee... do not plan to receive that gift. - @kickstart_law_llc on Instagram
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Left Or Right? Either Way It Takes Discipline & Sacrifice. repost from @blackwealthrenaissance . . . . . . #finance #money #business #investing #investment #entrepreneur #financialfreedom #wealth #stockmarket #stocks #success #trading #invest #bitcoin #motivation #forex #realestate #investor #cryptocurrency #accounting #wallstreet #personalfinance - @blackwallet on Instagram
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- Everyone in NH needs to see this graphic. Everyone in Nevada needs to see it, too. And all voters on super Tuesday and beyond. The simple truth: for the vast majority of Americans, Medicare For All will be drastically cheaper than our current insurance. Vote Bernie. #MedicareForAll #Bernie2020
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Dont wait for a raise to start saving and investing ‼️ Start wherever you can and build up. Time and frequency, not large sums of money, will make the biggest impact. In this example, we assume you never make a penny over $30K a year for 40 years. Imagine if you actually do see growth in your income over time. Think about where you would be! You can be your future selfs lottery. What sparked you to get started? ——————————————————— If you enjoyed this post, please: Like ❤️ Share ➡️ Comment 🎤 Follow @tipsaccepted ✨ Visit my website. Link in bio. 🥰 ——————————————————— - @tipsaccepted on Instagram
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