The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/the-income-based-medicare-surcharge-which-i-view-30636882.aspx

Subject:  Re: Lowering Effective Tax Rate Date:  4/15/2013  2:45 PM
Author:  JeanDavid Number:  118447 of 120812

the income-based Medicare surcharge, which I view as an insurance premium, not a tax.

The congress (but perhaps not the IRS) view it as a tax, though. Because if it were an insurance premium, it would mean that social security (and medicare) are insurance, not welfare, and they could not change the amount of the policy ex post facto, as they seem all to willing to do.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us