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TexasTowelie

(127,262 posts)

122. No.

Fri Jul 24, 2015, 04:21 PM

Jul 2015

All covered wages are taxed at 1.45% for Medicare. Meanwhile, the rate for wages under $118,500 is 6.2% for Social Security. Employers are required to pay an equal match.

There is also a Medicare surtax of 0.9% on wages in excess of $200,000 (single person), $250,000 (married, filling jointly) and $125,000 (married, filing separately).

Source: http://www.adp.com/tools-and-resources/adp-research-institute/insights/insight-item-detail.aspx?id=F5E4F8C7-0887-4C94-AFEB-21C7B25DD3BF

There is also a 3.8% Medicare surtax that is levied on investment income that was placed on the wealthy under the ACA. Here is an article that provides details: http://www.forbes.com/sites/lewissaret/2013/03/14/code-sec-1411-what-the-new-3-8-medicare-surtax-mean-for-you-and-your-investments/

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Elderly woman rips Jeb in townhall: "I paid into that for years - now you want to take it away? [View all] kpete Jul 2015 OP

The Bush sons are snotty rich kids who despise working people. Kingofalldems Jul 2015 #1

I couldn't agree more! City Lights Jul 2015 #11

at least W. could fool people, ericson00 Jul 2015 #36

Could W really fool people, though? merrily Jul 2015 #52

He had massive media support to bolster his credentials. Baitball Blogger Jul 2015 #69

Yes, but did that fool many? Fooled no Democrats I know. merrily Jul 2015 #70

Not sure what more Gore could have done. Baitball Blogger Jul 2015 #71

That is a different issue from whether Bush fooled anyone. merrily Jul 2015 #72

Never. But, I do believe it took a concerted behind the scenes effort to Baitball Blogger Jul 2015 #74

+1000. HughBeaumont Jul 2015 #101

The ONLY people he fooled ... staggerleem Jul 2015 #109

...... merrily Jul 2015 #111

Capable staff? MyOwnPeace Jul 2015 #134

They assured us they were capable. Baitball Blogger Jul 2015 #136

He did fool the people. RoccoR5955 Jul 2015 #91

Were you duped? Did you buy what he was saying? merrily Jul 2015 #97

Yes/no he fooled people. I'd say many were fooled and others wanted exactly what he was... Moonwalk Jul 2015 #105

The lying murdering deserter w fooled NO ONE LeftOfWest Jul 2015 #150

Amen..... daleanime Jul 2015 #37

The Bushes Have Never Gotten It! Chasstev365 Jul 2015 #63

Lift the income cap that is subject to contributions TexasTowelie Jul 2015 #2

Exactly! n/t arcane1 Jul 2015 #15

You are SO right....! nt Grey Jul 2015 #24

+1 Alkene Jul 2015 #50

Grover Norquist would not approve your solution. Enthusiast Jul 2015 #60

Is there a cap for Medicare deductions? nt JustABozoOnThisBus Jul 2015 #88

No. TexasTowelie Jul 2015 #122

Excellent and informative post D Gary Grady Jul 2015 #153

Exactly paleotn Jul 2015 #137

bush wants privatized accounts so his corporate friends can steal all the $$ like 2008 nt msongs Jul 2015 #3

Bingo! ^ world wide wally Jul 2015 #16

Precisely! JDPriestly Jul 2015 #42

Give more money to Wall Street and less service/benefit to average people! stillwaiting Jul 2015 #57

wonder why nobody stole my retirement investments in 2008.... whatthehey Jul 2015 #67

You were fortunate with what happened to you during the 2008/2009 period then. haele Jul 2015 #107

Great response! DebJ Jul 2015 #139

Bush ain't too bright if he thinks he can cut medicare fadedrose Jul 2015 #4

They might succeed if they convince younger generations they won't get it anyway and older Dustlawyer Jul 2015 #20

Bernie wants to raise the caps fadedrose Jul 2015 #68

They ought to do away with caps altogether. Make them pay 100% like the rest of us. YOHABLO Jul 2015 #86

Yeah, they've been trying to convince the younger generations that there won't be SS for them. YOHABLO Jul 2015 #83

The whole system is hand-to-mouth, you know that, don't you? customerserviceguy Jul 2015 #152

I hate that word --entitlement!! good on that lady. riversedge Jul 2015 #5

�It�s not an entitlement,� BOOM! About fucking time someone said it. nt Guy Whitey Corngood Jul 2015 #6

It's too bad the word got ruined because it actually means the opposite of what many people think. pnwmom Jul 2015 #12

I realize I didn't put any nuance into my reply but it's true. It Guy Whitey Corngood Jul 2015 #14

The GOP is determined to STEAL our retirement to fund their lifestyle. freshwest Jul 2015 #17

Ask Bush to qualify it to be needing to reform UNEARNED entitlements! cascadiance Jul 2015 #133

Do you think Bush was actualy talking about Welfare? ieoeja Jul 2015 #157

Yes indeed!!! That word was LUNTZed before that turd Luntz appeared on the scene with his shitty MADem Jul 2015 #22

The word-conflation was strategic JHB Jul 2015 #61

Real definitions have no place in American Politics. Entitlement is used by all the GOP'rs harun Jul 2015 #96

you don't have to pay in for it to be an entitlement Hamlette Jul 2015 #141

I believe that the GOP is ... aggiesal Jul 2015 #23

If we are not entitled to Medicare and Social Security then they are not JDPriestly Jul 2015 #44

A technical quibble about trust funds D Gary Grady Jul 2015 #154

Taxes should be assessed on inheritances including all the loophole passing of money JDPriestly Jul 2015 #155

Please continue, JEB! vanlassie Jul 2015 #7

45 years ago it was a common meme that SheilaT Jul 2015 #8

I'm sick of having to choose between two very, very rich people when I vote. JDPriestly Jul 2015 #45

Yep. SheilaT Jul 2015 #46

I think saying you are "flat broke" is a Laura PourMeADrink Jul 2015 #58

The Clintons were not born into wealth the way the Bush kids were LynneSin Jul 2015 #75

Good point! AwakeAtLast Jul 2015 #130

Clintons not born into wealth katmille Jul 2015 #156

The only reason why I believe SS won't be there for me (I'm 30)... strategery blunder Jul 2015 #80

What a coincidence: I starting paying into Social Security 45 years ago... KansDem Jul 2015 #85

Fuckin A, yessiree, Ma'am� we sure DID pay for it... MrMickeysMom Jul 2015 #9

......they don't call it the 3rd rail for nuttin, Jebbie. nc4bo Jul 2015 #10

Zzzzzaaappp.... Marie Marie Jul 2015 #13

Ha ha ha, the most reliable voting block! Azzhat he is. I'll bet Poppy is on Medicare! TheNutcracker Jul 2015 #18

Jeb should talk to his brother, the source of the problem..... CajunBlazer Jul 2015 #19

Your statement .. aggiesal Jul 2015 #26

Even worse... Kensan Jul 2015 #120

Every single senior needs to react like that. Chemisse Jul 2015 #21

What about the supplemental insurance? PADemD Jul 2015 #25

Those people have NEVER been able to explain their business model.... Spitfire of ATJ Jul 2015 #33

BEAUTIFUL!!!! K&R X 1,000 PatrickforO Jul 2015 #27

Medicare is an earned benefit along with Social Security. Dawson Leery Jul 2015 #28

Video clip udbcrzy2 Jul 2015 #29

He is so the spitting image of his father in that clip. closeupready Jul 2015 #84

Thank you for that! Enjoyed the clip. n/t SusanaMontana41 Jul 2015 #121

You are welcome. He's so smug n/t udbcrzy2 Jul 2015 #123

Thanks for the clip now I'm really banging my head against the wall........ DebJ Jul 2015 #140

They want to convert Social Security into a government run pension fund and then rip it off.... Spitfire of ATJ Jul 2015 #30

Rich people need special rules placed on them Dr Rise Jul 2015 #31

"Entitlement" is what Jeb! inherited when he won the genetic lottery Warpy Jul 2015 #32

Republican Playbook Diremoon Jul 2015 #34

Bravo, lady! catrose Jul 2015 #35

Jeb is lying-Medicare is not failing Gothmog Jul 2015 #38

reform our entitlement system hibbing Jul 2015 #39

Yes,M'am oldandhappy Jul 2015 #40

Good for her! murielm99 Jul 2015 #41

Medicare and Social Security are not entitlements they are benefits earned StarzGuy Jul 2015 #43

repeating all this garbage often enough makes those who do not know history or yellowdogintexas Jul 2015 #147

HUGE K & R !!! - Thank You !!! WillyT Jul 2015 #47

k&r nt steve2470 Jul 2015 #48

I am entitled to it the same way I am entitled Generic Other Jul 2015 #49

Good for her. New Democrats also refer to "entitlements" merrily Jul 2015 #51

Looks like we're all doing it now. I mean referring to Jeb Bush by his first name only eridani Jul 2015 #53

True. Perhaps we can modify that... JHB Jul 2015 #62

Call him John - that's his first name - really throw him for a loop! Elmer S. E. Dump Jul 2015 #93

His name is John Ellis Bush. jeff47 Jul 2015 #103

It's funny how republicans roll the word entitlement off their tongues as if they don't understand B Calm Jul 2015 #54

Good for her. Follow up questions n2doc Jul 2015 #55

Pay back what you "A-holes "borrowed" from S.S. and it will be fine. bobGandolf Jul 2015 #56

All too rare that cause and effect happen so quickly Babel_17 Jul 2015 #59

What Wall St investors pay for, we all have to live with. raouldukelives Jul 2015 #64

�It�s not an entitlement,� the woman shot back. �I earned that.� Bravo, I am woman, hear me roar! yellowcanine Jul 2015 #65

He's right about one thing Fritz Walter Jul 2015 #66

Amen! And welcome to DU! classof56 Jul 2015 #77

Jeb is just another failed Presidency in the making! lewebley3 Jul 2015 #125

Isn't it amazing that the rich daybranch Jul 2015 #73

Meet the New Bush tblue Jul 2015 #76

Well said. avaistheone1 Jul 2015 #148

Bush is a lying piece of shit. Helen Borg Jul 2015 #78

Love me some threads where Bernie and Hillary supporters are all in agreement. eom navarth Jul 2015 #79

+1 JoePhilly Jul 2015 #99

+ 2 irisblue Jul 2015 #132

"ENTITLEMENT" - funny how that works packman Jul 2015 #81

Whoever this woman is, I'd like to give her a big hug! hamsterjill Jul 2015 #82

And therein lies part of the problem. blackspade Jul 2015 #87

Well you ARE "entitled" to it because you DID pay for it. Lex Jul 2015 #89

Exactly. blackspade Jul 2015 #98

Bush is going to rue the day he opened his big stupid mouth on this topic... steve2470 Jul 2015 #90

No shit, Gramma! Hepburn Jul 2015 #92

And I thought GW was stupid! LOL! EndElectoral Jul 2015 #94

�It�s not an entitlement,� the woman shot back. �I earned that.� Elmer S. E. Dump Jul 2015 #95

�It�s not an entitlement,� the woman shot back. �I earned that.� muntrv Jul 2015 #100

excellent call back. "It's not an entitlement, I earned that". Not only did she earn it, she paid still_one Jul 2015 #102

Go Granny Go! abakan Jul 2015 #104

It is not about stupidity or not getting it; chapdrum Jul 2015 #106

I almost always hear "entitlement" used in a negative way... C Moon Jul 2015 #108

Life or death Johnny2X2X Jul 2015 #110

He didn't learn anything being Governor of Florida? HockeyMom Jul 2015 #112

apparently not steve2470 Jul 2015 #115

what is amazing is Keep-Left Jul 2015 #113

Go, granny, go!! lark Jul 2015 #114

AFAIC, Jeb Bush is a DFW. Politically. DinahMoeHum Jul 2015 #116

I would love to call her my grandma! d_legendary1 Jul 2015 #117

Raise the cap on SS-taxable earnings (i.e., make the rich pay more�� snot Jul 2015 #118

Useful lesson from the past PATRICK Jul 2015 #119

He's not even gonna try with the "compassionate conservative" bullshit wolfie001 Jul 2015 #124

But see....they view it like "Health Insurance". glinda Jul 2015 #126

Kicked and recommended. Uncle Joe Jul 2015 #127

Jeb so going to lose. LuckyTheDog Jul 2015 #128

It IS an entitlement. That is not the issue. Gormy Cuss Jul 2015 #129

the political stratum sees us as greedy geezers and dependent deadbeat ballast MisterP Jul 2015 #131

GOOD FOR HER!!!!!!!!!!!!!!!!! eom LiberalElite Jul 2015 #135

Damn straight it's not an 'entitlement'... Gumboot Jul 2015 #138

K&R...Thanks for posting red dog 1 Jul 2015 #142

Good for her. Vinca Jul 2015 #143

Jeb gets more desperate and idiotic by the minute. NaturalHigh Jul 2015 #144

This issue is DOA for the Monkey's Brother aint_no_life_nowhere Jul 2015 #145

All of them are doing this on purpose greymattermom Jul 2015 #146

k&r avaistheone1 Jul 2015 #149

She's absolutely right davidpdx Jul 2015 #151

Even after you retire, you continue to pay into Medicare based on your income LoisB Jul 2015 #158