It’s been nearly two weeks since President Donald Trump’s payroll tax deferral took effect – and large employers so far seem to have little appetite for the holiday.
Starting on Sept. 1, employers could defer collection of the 6.2% tax employees pay toward Social Security. This deferral is in effect through the end of the year and applies to workers making less than $4,000 per biweekly pay period – roughly $104,000 on an annualized basis.
