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> They are asking for taxpayer money to maintain their wealthy lifestyles The one comforting limitation was that payroll calculations were capped at $100k. So
by cj 6y ago
> They are asking for taxpayer money to maintain their wealthy lifestyles
The one comforting limitation was that payroll calculations were capped at $100k. So if you had 10 people with a $250k salary, the maximum loan amount is calculated based on having a salary of $100k.
Although you're allowed to add in the cost of healthcare and 401k contributions without limitation.
I think the $100k cap was quite generous and probably too high.
- robhunter 6y agoThere's a comparable program in Canada where the government covers up to $750/week in wages - essentially $40k/year - from March to August depending on your revenues. Feels a little better than the $100k cap (although probably a bit on the low side).