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|Subject: Re: Higher Medicare premiums for Top 25%||Date: 4/14/2013 9:39 PM|
|Author: intercst||Number: 72036 of 82011|
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.
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