In 2011 and 2012, the Obama administration temporarily reduced Social Security taxes from 6.2% to 4.2% during a period of economic downturn to prompt an increase in consumer spending. Furthermore, we discussed the 2020 Payroll Tax Deferral under the Cares Act for US workers earning less than $4,000 on a pretax biweekly basis, or about $104,000 annually. Be sure that the person or people you claim to...
