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Sep 2, 2020

Can you decide whether to go on payroll tax holiday?

Many employers aren’t participating in the temporary payroll tax cut, but what choice do employees have? Plus, private payroll growth for August is short of expectations. And, normally buzzing during the summer, St. Tropez struggles with the pandemic.

The Trump administration's guidance on the temporary payroll tax cut is addressed to companies, not individual employees, — The Trump administration's guidance on the temporary payroll tax cut is addressed to companies, not individual employees,
Win McNamee/Getty Images

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Segments From This Episode

Private payrolls added 428,000 jobs in August, according to ADP. That's short of expectations but trending in the right direction.
Susan Schmidt, head of U.S. equities with Aviva Investors, has more.
Do employees have a say in whether to go on payroll tax holiday?
by David Brancaccio, Nova Safo, Candace Manriquez Wrenn and Alex Schroeder
Win McNamee/Getty Images
It looks like it’s going to depend on who they work for.
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In St-Tropez, the pandemic has muted the summer club scene
by John Laurenson
John Laurenson
Many nightclubs have had to shut down or limit partying to outdoor areas.
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Music from the episode

The Team

Can you decide whether to go on payroll tax holiday?