R&I – FS
Some staffers from President Donald Trump’s administration have reportedly seen their tax bills spike as they’re being asked to pay payroll taxes deferred by the president.
Politico reported that members of Trump’s administration have been receiving letters asking them to pay Social Security taxes that were deferred, with at least one bill reaching $1,500.
“If the indebtedness is not paid in full within 30 calendar days, we intend to forward this debt to the Department of Treasury, Treasury Offset Program, for further collection,” said a copy of a letter sent May 18, 2021, by an accounting officer from the Office of Administration.
Trump set the policy on August 8, 2020, in a memo to Treasury Secretary Steven Mnuchin, directing Mnuchin to defer some payroll taxes to “put money directly in the pockets of American workers” who needed it most.
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Article URL : https://www.businessinsider.com/donald-trump-appointees-furious-being-asked-repay-deferred-payroll-taxes-2021-5