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  2. Medicare (United States) - Wikipedia

    en.wikipedia.org/wiki/Medicare_(United_States)

    Lyndon B. Johnson signing the Medicare amendment (July 30, 1965). Former president Harry S. Truman (seated) and his wife, Bess, are on the far right.. Originally, the name "Medicare" in the United States referred to a program providing medical care for families of people serving in the military as part of the Dependents' Medical Care Act, which was passed in 1956. [7]

  3. Federal Insurance Contributions Act - Wikipedia

    en.wikipedia.org/wiki/Federal_Insurance...

    Median household income and taxes. The Federal Insurance Contributions Act (FICA / ˈ f aɪ k ə /) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare [1] —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.

  4. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    These include Social Security and Medicare taxes imposed on both employers and employees, at a combined rate of 15.3% (13.3% for 2011 and 2012). Social Security tax applies only to the first $132,900 of wages in 2019. [8] There is an additional Medicare tax of 0.9% on wages above $200,000. Employers must withhold income taxes on wages.

  5. Medicare and Social Security funding: FICA taxes and trust ...

    www.aol.com/finance/medicare-social-security...

    Medicare Part A is premium-free for most beneficiaries because the program is funded primarily through payroll taxes. So long as you worked for at least 10 years and paid into the system, you can ...

  6. What Is the Medicare Tax Rate? - AOL

    www.aol.com/medicare-tax-rate-130036487.html

    This is an additional 3.8% tax (separate from the 0.9% additional Medicare tax that applies to high-wage earners and federal capital gains tax) on income earned through interest, capital gains ...

  7. Who Pays for Medicare and How Is It Funded? - AOL

    www.aol.com/pays-medicare-funded-031118657.html

    Medicare is primarily funded through government contributions, payroll taxes collected under FICA, and premiums paid by beneficiaries.

  8. History of taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_taxation_in_the...

    The Income Tax and the Progressive Era (Routledge, 2018) excerpt. Burg, David F. A World History of Tax Rebellions: An Encyclopedia of Tax Rebels, Revolts, and Riots from Antiquity to the Present (2003) excerpt and text search; Doris, Lillian (1963). The American Way in Taxation: Internal Revenue, 1862–1963. Wm. S. Hein. ISBN 978-0-89941-877-3.

  9. What is the additional Medicare tax? - AOL

    www.aol.com/additional-medicare-tax-090058670.html

    The total Medicare tax payment would be 1.45% or $3,625 on the $250,000, plus 2.35% or $1,880 on the $80,000, totaling $5,505 in Medicare taxes for the year. Read about Medicare.