Quote:
Originally Posted by whell
Also, the increased Medicare withholding on wages/investment income starts in 2013, so that may be why you're not finding it in 2010 tax calculation data.
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Yeah...
Quote:
Originally Posted by whell
Current Highest Federal income tax rate = 35%
FICA Tax = 6.2%
Medicare Tax = 1.45%
Total tax on income - 42.65
Under PPACA, the Medicare tax will increase to 2.35% for income earned over $200K. Total income tax = 43.35%
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You were talking about 2010 when you said 42.65.
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Last edited by Fast_Eddie; 11-18-2010 at 02:40 PM.
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11-18-2010, 02:08 PM
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