Source: Doug Sword, ROLL CALL, 8/10/20


Millions of self-employed individuals would be left out of President Donald Trump’s move to defer payroll taxes for the last four months of the year, according to tax experts. That’s because the executive action specifically refers to taxes paid under Sec. 3101(a) of the Internal Revenue Code, which set the Social Security tax rate at 6.2 percent for those employed by someone else.

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