Political Quotes

John Shaw: “Not only would the employer be faced with employees trying to shift their wages to the payroll tax holiday month…”

On the recordDecember 11, 2001
Not only would the employer be faced with employees trying to shift their wages to the payroll tax holiday month, employers would also have to contend with implementing a payroll tax holiday at the same time they are preparing W-2s and 1099s to meet the January 31 requirement as provided as a deadline. Having employers having to deal with these changes at once would only risk incorrect reporting of Social Security wages. It could only risk incorrect reporting of income for Federal tax purposes.
Said by
John Shaw
North Carolina
Source
govinfo.gov

Editor's note · Context

Discussing the challenges of implementing a payroll tax holiday for employers.

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