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URL:  http://boards.fool.com/sykesix-writes-actually-the-original-claim-was-30635864.aspx

Subject:  Re: Higher Medicare premiums for Top 25% Date:  4/14/2013  9:39 PM
Author:  intercst Number:  72036 of 75669

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?

</snip>


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.

intercst
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