Can you explain to me how you see this as a benefit or gain to business owners? The burden of the payments falls on the business owner if the employee does not pay. The average turnover rate nationwide in a normal year is 10-15% and last year it was immensely higher. Employers are statistically going to be stuck with payments that previous employees didn't cover. So what was the gain in your eyes for most business owners?
I'll agree with you that there was zero benefit for most people regardless of the side but come on with the "boat load of hardship". They had to separate out their SS taxes and save it. Which is drastically easier then managing your finances and spending habits for every day life. The amount is not that much and you're really exaggerating here.
That's just false information in regards to the private sector. There are companies who offered this as an option to their employees and there are companies who had discussions about whether to implement this with their employees.
How is hte deferral beneficial to the employers? Every dollar not going out is reinvested into their company which they in turn make more money on, turning that dollar into two, three dollars). I was also talking about the deferral itself being beneficial to the employers, meaning having the ability to put off paying those taxes until April of 2021, which has been extend to the end of This year. Those companies who didn't/don't have a plan in place to collect the employee's portion, that's not due to the deferral, that's due to poor planning and not having a system in place to collect and pay the taxes.
And no, it's not false information about the private sector. Just because companies CHOSE to involve their employees, MOST did not, they where never required to. You are trying to take the handful of decent employers who had the ability to implement such programs and the consideration to involve the employees, when the majority did not. IF what you say is true, we wouldn't be here talking about a lot of people on the hook for big payroll tax bills because they would have already been paid back.. But what I think you are doing is confusing the FICA estimated tax payments that emplyees can setup, which is part of the federal tax code, which allows people to pay more than what normally is taken out of their check for those who tend to have to pay a lot at the end of the year, which has nothing to do with payroll taxes.