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democrattotheend

(11,605 posts)

3. I just found out that the law applies the Medicare tax to unearned income

Reply to Recursion (Reply #1)

Sat Dec 15, 2012, 06:25 PM

Dec 2012

I was very excited about that. I feel strongly that it's unfair to have higher taxes for earned income than for unearned income and am very glad that they are going to start taxing unearned income for Medicare. They should look at doing the same for Social Security...that might be a better/good additional solution to raising the cap.

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Does the new HC reform increase taxes? [View all] onlyadream Dec 2012 OP

Some Recursion Dec 2012 #1

I just found out that the law applies the Medicare tax to unearned income democrattotheend Dec 2012 #3

Yes, I think levying on unearned income is a great idea for SS too Recursion Dec 2012 #4

It does have a problem democrattotheend Dec 2012 #6

In 2036 we will need to increase revenue or cut benefits or some combination Recursion Dec 2012 #9

Yes there is. Spread the sacrifice out over more people democrattotheend Dec 2012 #10

If your RW friends say so edhopper Dec 2012 #2

Companies are "not hiring" because they cannot justify hiring more people SoCalDem Dec 2012 #5

The taxes on companies to pay for health insurance don't kick in until 2014, PoliticAverse Dec 2012 #7

This article has a rundown of most of the taxes. DesMoinesDem Dec 2012 #8

Thanks, Great articles onlyadream Dec 2012 #11