I forgot about medicare. Does that 7.65% actually give medical coverage? Or is that a separate blue cross expense? Any idea how much that might be?Only if you're old (60+) and the U.S. government haven't bankrupt the fund . . .The medicare tax (1.45%) does not provide you with any immediate medical insurance. It only help pay for your medical care when you're old or disabled. Social Security tax (6.2%) doesn't pay you anything either until you're old or disabled. It's design to help you during your retirement year.BTW, I'm not sure if non-citizen or non-permanent resident have to pay social security tax or not. Does anybody know which IRS publications talk about social security tax?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra