Sunday, September 6, 2020

Donald Trump / federal government has leave sharing plan


https://www.opm.gov/policy-data-oversight/pay-leave/leave-administration/fact-sheets/voluntary-leave-transfer-program/


Nassau OTB does not. Joseph G Cairo President of Nassau OTB is Chaur of the Nassau County Republican Committee.


While I would gladly give annual time to a coworker who has not sorked since March 16,  2020, I cannot do so since Nassau OTB does not have a leave sharing plan.I have no desire to not pay FICA from each paycheck. People who are not working may need health. In G...d we trust, all others pay cash as it is due and owing.

By NOTICE dated Sepember, 1, 2020 "FROM :NASSAU OTB MANAGEMENT" Nassau OTB told employees like it or mot you are getting more cash that you will have to repay next year.

Did the members of the Nassau OTBQ Board of Directors approve this farce?
Did Joseph G Caito approve this farce?
Did Arthur Walsh Esq approve this farce?

Please inquire and find out who the responsible party is so that the may affix their nane and title to the Notice  for clarity and accountability.


https://www.uschamber.com/letters-congress/coalition-letter-the-executive-order-deferring-payroll-tax-obligations

Coalition Letter on the Executive Order Deferring Payroll Tax Obligations


Tuesday, August 18, 2020 - 12:00pm
RE:     Implementation of the Executive Order Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster
Dear Speaker Pelosi, Majority Leader McConnell, and Secretary Mnuchin,
          The undersigned organizations urge the Administration and Congress to come together on a path that provides much-needed tax relief for families without the uncertainty associated with the recent payroll tax Executive Order (EO).
          Under current law, the EO creates a substantial tax liability for employees at the end of the deferral period. Without Congressional action to forgive this liability, it threatens to impose serious hardships on employees who will face a large tax bill as a result of deferral. The following chart demonstrates the magnitude of the potential tax bill compared to immediate benefit of deferral.
Income
Bi-Weekly Pay
Increase Per Pay Period
Tax Bill Due in 2021
(based on 9 pay periods)
$35,000
$1,346.15
$83.46
$ 751.15
$50,000
$1,923.08
$119.23
$1,073.08
$75,000
$2,884.62
$178.85
$1,609.62
$104,000
$4,000.00
$248.00
$ 2,232.00
          If this were a suspension of the payroll tax so that employees were not forced to pay it back later, implementation would be less challenging. But under a simple deferral, employees would be stuck with a large tax bill in 2021.  Many of our members consider it unfair to employees to make a decision that would force a big tax bill on them next year. It would also be unworkable to implement a system where employees make this decision. Therefore, many of our members will likely decline to implement deferral, choosing instead to continue to withhold and remit to the government the payroll taxes required by law. We hope Congress and the Administration come together on a path that supports workers instead of burdening hardworking Americans with a large tax bill next year. 
                                                Sincerely,

Aeronautical Repair Station Association
America's SBDC
American Apparel & Footwear Association
American Home Furnishings Alliance
American Society of Association Executives
Associated General Contractors of America
Brick Industry Association
DHI Door Security + Safety Professionals
Foodservice Equipment Distributors Association
Independent Electrical Contractors
Metals Service Center Institute
Motor & Equipment Manufacturers Association (MEMA)
National Apartment Association
National Association of Chain Drug Stores
National Association of Federally-Insured Credit Unions
National Association of Government Guaranteed Lenders
National Association of Manufacturers
National Association of Professional Employer Organizations
National Association of REALTORS
National Association of Security Companies
National Association of Wholesaler-Distributors
National Council of Chain Restaurants
National Investor Relations Institute
National Multifamily Housing Council
National Parking Association
National Restaurant Association
National Retail Federation
National Stone, Sand & Gravel Association
North American Association of Food Equipment Manufacturers (NAFEM)
S Corporation Association
U.S. Chamber of Commerce
Vinyl Institute
Wine & Spirits Wholesalers of America

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