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To: ScaniaBoy

It’s still 1.45%


19 posted on 08/08/2016 2:11:18 PM PDT by joesbucks
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To: joesbucks

I admit I did not check the figures before posting, and not living in the US I am not current with the insurance rates or tax rates. However, I went to a site (the IRS) to get some information and it says:

As a result of the enactment of the Affordable Care Act
(ACA), effective for wages paid on or after January 1,
2013, the Medicare tax rate increases from 1.45 percent
to 2.35 percent on wages earned above $200,000 for
single filers and $250,000 for joint filers ($125,000 for a
married individual filing separately). This increase only
applies to the employee Medicare portion of the Federal
Insurance Contributions Act (FICA) tax.

I guess one should never trust anything on the Internet until one has checked it. The figures here seem to be correct but the date was 1 January 2013.


20 posted on 08/08/2016 2:34:29 PM PDT by ScaniaBoy (Part of the Right Wing Research & Attack Machine)
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