This is good. I think that everyone at one time or another should have to figure their withholding and send in their quarterlies. Either that, or find out what happens when you don’t.
They are going to get killed on tax day, especially those who were taking in $1000 a week. They had a base $400 unemployment plus $600 extra and that’s PER WEEK for 26 weeks or $26,000 total. In communist states like New York, Assachussets, Cali, they are going to be obliterated with a tax bill and jobs are going to be hard to find because everyone is rushing back to work unless they extend this ridiculous $600 a week. This summer was a nightmare for me and my company, we are involved in transporting farm goods. Last year we had 9 drivers, this year we could only hire two because nobody wanted to work
Unemployment benefits were not taxed at the federal level until the mild 1992 recession when Dems and RINOs added it as a way to finance a benefits extension (i.e., vote buying in an election year).
Rush mentioned this yesterday on his show.
People pulling unemployment making more than those who are working and they’re somehow victimized because they’ve got a pay taxes on their unemployment and $600 bonuses.
HAHAHAHA! That “free money” isn’t so free! And that fat UIC check is going to go to zero AND they’ll learn what it’s like to have to PAY taxes!
Just remember, ain’t nothing in this life free except the love of God.
Recipients will all get 1019s. The problem comes with the usual suspects who spend every dime they get by noon Friday. They have problems anyway.
Actually, if tax withholding was stopped and people had to actually send a check to the governments for income tax, Medicare and Social Security by April 15 each year, we might see more Republicans and more Benito Mussolini -style retirement parties for career politicians. Too many people think they won the lottery when they get an income tax refund.
It'a your own money, folks!
“Freeloaders hardest hit.”
I am not a freeloader.
Unemployment is a fraction of what I made before. Spending hundreds of hour looking for a job. I live in the D.C. area and it’s still pretty much closed down.
I really want to go back to work big time.
Abolish the “Victory Tax” and end Mandatory Witholding, then watch how fast shit changes when Everybody gets to write that check like I do.
I’ve been wondering about this.
Trumps payroll tax cut will take care of this
Well Duh! You suddenly receive an extra $2400 a month along with your unemployment, a tidy sum on which you pay absolutely no taxes on and your supposed to be surprised that you will owe Uncle Sam for that largess?