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Joe BidenCongratulations to our presumptive Democratic nominee, Joe Biden!
In the discussion thread: The working poor and Sanders M4A. [View all]

Response to MaryMagdaline (Reply #26)

Thu Feb 20, 2020, 07:46 PM

28. The M4A bill Bernie proposed will reform Medicare in many ways.

 

One of which would be how people pay into the program. If you make $29k or below, you pay zero in taxes and still receive full Medicare benefits, which will also be reformed under Bernie's legislation. After the $29k threshold, you will pay a 4% income tax on every $1 after the 29k. For example, if you make $29,001 in a year, you will be taxed 4 cents for the year. If you make $60k in a year, you would pay about $1,250 for the year (or $103/mo). It's a good deal.

EDIT: Also, here's a link to the full text of Bernie's bill for reference.

https://www.congress.gov/bill/116th-congress/senate-bill/1129/text
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krissey Feb 2020 OP
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MaryMagdaline Feb 2020 #26
LineLineLineNew Reply The M4A bill Bernie proposed will reform Medicare in many ways.
HerbChestnut Feb 2020 #28
MaryMagdaline Feb 2020 #29
Yavin4 Feb 2020 #12
krissey Feb 2020 #14
MaryMagdaline Feb 2020 #27
Zolorp Feb 2020 #30
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