The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Higher Medicare premiums for Top 25% Date:  4/14/2013  9:39 PM
Author:  intercst Number:  72036 of 88544

sykesix writes,

Actually the original claim was "every employer." But just for the sake of argument, let's say that he really is that skilled. Tom Brady makes $11,400,000 million per year. FICA taxes are 6.2% up to $113,700 or $7050 in his case.

Is the argument really that absent FICA his contract would have been $11,407,050 because management would not be able to afford that extra little bit?


There's no wage limit on the 1.45% (2.90% if you include employer's share) Medicare FICA. So the employer's share on a $11.4 million salary is $165,300.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us