Sunday, March 28, 2010

Healthcare only raises taxes on singles making $200,000 and couples making $250,000 per year, and only a puny 0.9%-hardly onerous!!!-A lousy $450!!

Q: How will the new health care legislation affect the amount I am taxed from each pay check?

A: It depends on how much you earn. In 2013, the Medicare payroll tax, which is now 1.45%, will increase to 2.35% for individuals who earn more than $200,000 and married couples filing jointly who earn more than $250,000. The additional tax is applied only to the amounts above those threshold levels. That means a single taxpayer with an annual income of $250,000 will pay an additional $450 per year in Medicare taxes, while someone earning $500,000 will pay $2,700 more a year.

http://www.usatoday.com/printedition/news/20100325/healthqa25_st.art.htm

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