Some People Can Expect Medicare Tax Increases Under Next Biden Budget

  • “Since Medicare was passed, income and wealth inequality in the United States have increased dramatically,” the statement said.
  • “By asking those with the highest incomes to contribute modestly more, we can keep the Medicare program strong for decades to come.”
  • The White House additionally vowed to close loopholes in the Medicare tax system because “some high-paid professionals and other wealthy business owners have managed to shield some of their income from tax by claiming it is neither earned income nor investment income.”
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