Marriage penatly increases medicare tax 62%

[shira]

Only a moron would GUARANTEE something they've admitted they know absolutely nothing about. Well done.

It's a guarantee because in the entire history of income-related taxes in the U.S., rates have been bracketed. This Medicare tax being negotiated will be the same as all other taxes to date. To even entertain the notion that it would work as Spidey suggests proves how clueless he is.

The same principle applies to proposals to tax so-called Cadillac health-care plans. The tax would be on the portion of the premium in excess of the threshold, not on the entire premium.

I just searched on Google, and found this article from the Wall Street Journal from November 20, 2009 when a 0.5 % increase was being debated:

http://online.wsj.com/article/SB125868229026056763.html

Under the plan, wages over $200,000 for single people and $250,000 for married couples would be subject to a 1.95% payroll tax, up from the current 1.45%.

The proposed 0.9% increase would be applied in exactly the same way - on income OVER the threshold.