Jeffrey "The Buckinghammer" Levine explains why you might have to pay income tax on what seems to be a federally-backed government fund.
If you are self-employed, you must pay OASDI tax. However, since you do not have an employer to pay part of the tax, you are responsible for the entire amount. This means a self-employed individual has to pay 12.4 percent of her net earnings up to $106,800, although this was also ...
Employee's Part A Medicare entitlement is retroactively effective six months prior to her application for Medicare benefits (age 67 ½), becauseshe applied for Medicare and Social Security benefits more than 6 months after becoming initially eligible. How do I get Medicare to pay for past medica...
Under the current system, doctors are chosen or approved by the American Medical Association to a 32-member committee which recommends values for medical services that Medicare then considers when deciding how much to pay doctors. Some have compared the idea of doctors setting their own payscal...
Why shifting investments to beat the Medicare tax can be a bad idea.Explains why, for most retirees, rearranging a portfolio to beat the medicare tax doesn't make sense. INSET: What tax-free income is worth.;What you'll pay..Paulson...
The last two years have been characterized by a considerable increase in the number of national and local regulations to contain and fight the spread of th
Without consumers opening their wallets, and without government making up the difference, we’re careening toward a double-dip recession. The long-term deficit (i.e. Medicare as boomers become seniors) needs attention, but right now it’s critical for government to spend. Otherwise we have no...
We’ll show you the startup tax deductions for new businesses so you can get the maximum refund you deserve. Home office expense help Have a home office? We'll help you determine what you can deduct and do all the calculations for you, along with tips on how to best manage your home...
Tax revenues are used for public services and the operation of the government, as well as forSocial SecurityandMedicare.As the large baby boomer generation has aged, Social Security and Medicare have claimed increasingly high proportions of the total federal expenditure of tax revenue.Throughout U....
Do I Have to Provide My Social Security Number (SSN) If Asked? There are some situations where you must provide your Social Security number (SSN)—mainly when a government agency requests it for identification. However, private companies may request your SSN, but you are not required to provi...