The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  https://boards.fool.com/given-that-this-is-only-discussing-ss-tax-i-32161221.aspx

Subject:  Re: Attitude Question - SS Date:  3/15/2016  9:39 PM
Author:  rharmelink Number:  79373 of 97361

Given that this is only discussing SS tax, I assume that the 1.45% currently paid for Medicare is not under discussion and not part of the return on premium concept you are discussing. Correct? Or not?

Since I stopped working in 2006, I've probably benefited more from Medicare than I have Social Security.

I would have said Medicare tax was 2.9%. Doesn't matter that the employer pays half of it -- just in one pocket and out the other. And 2.9% is what you would pay if you were self-employed.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us