A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ...

An IRMAA is a fee that’s added to your Medicare Part B and Part D rates when your income exceeds a certain threshold. The IRMAA fee operates on a sliding scale, so you pay more as your income ...

The Social Security and Medicare taxes are the same rates — 6.2% and 1.45%, respectively. But without a traditional employer in the picture, you'll be left to pay both halves of these by yourself.

High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...

Immigrants are vital to US tax revenue amid a declining birth rate and rising number of retirees.

Medicare bills are increasing for millions of Americans despite a $2,000 prescription drug cap beginning in 2025, as premiums will be higher on average compared to last year for seniors relying on ...

(By contrast, the Medicare tax is uncapped, with a rate of either 1.45% or 2.35%, depending on your income level.) The Social Security wage cap is $176,100 in 2025, up from $168,600 in 2024.

Democratic committee staff claimed Bessent avoided paying more than $900,000 in Medicare taxes on income earned through Key Square Group over the three-year period. Bessent took the position that ...

as well as Social Security and Medicare taxes. In some cases, overtime pay can kick wage earners into a higher tax bracket, increase their marginal tax rate and potentially negate the gains from ...

Op-ed views and opinions expressed are solely those of the author. The Trump Administration realizes that the quickly growing national debt must be reduced. The current public […] ...