Posts Tagged ‘Medicare tax’

How Much Will 2013’s Payroll Tax Hikes Cut Your Take-Home Pay?

2013 is a tough year if you owe payroll tax, as most of us do. Not only did the 2010 payroll tax cut die at the end of 2012, but high-income workers now owe an extra 0.9 percent, thanks to the Affordable Care Act. Economists worry about what the combined new taxes will mean for […]

The Supreme Court Says the Health Care Mandate is a Constitutional Tax

In its long-awaited decision on the Affordable Care Act, the Supreme Court has ruled that Congress can require people to either have health insurance or pay a tax if they don’t.   Because the High Court found that the penalty for not having coverage is a tax and not a fee or a banana, it […]