Kaiser Health asks 5 questions about the proposed changes to the medicare payroll tax. They ask...
The 5 questions and answers include: what was proposed, how would the taxes work, who would be affected, and what are the major arguments. Read the full story here.Should affluent Americans have to pay Medicare payroll tax on their investment income?
President Barack Obama, to help pay for his health care overhaul package, is proposing that high-income Americans pay Medicare taxes on the money they make on their investments. Historically, only earned income has been subject to that tax. He also wants to increase the Medicare tax rate on wealthy Americans' wages.President Barack Obama, to help pay for his health care overhaul package, is proposing that high-income Americans pay Medicare taxes on the money they make on their investments. Historically, only earned income has been subject to that tax. He also wants to increase the Medicare tax rate on wealthy Americans' wages.
