You are finding yourself the victim of The democratic parties "New Deal" fiasco which created our whole welfare state form of government.
What was intended for was every 10 american workers contributed a little bit to aid one senior has now devolved to a load on every two workers, hence the imminent collapse of the medicare/medicaid social security program.
You are lucky that your country is allowing you to invest in a program that you will never be eligble for by the time you hit retirement age.
Anyone else notice that your FICA withholdings this year exceeded (double in my case) the Taxes withheld?
2007-02-15 10:21:47
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answer #1
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answered by functionalanarchist 3
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Medicare tax has nothing to do with your "probation" period at you job or any deduction your employer takes for your health care. All the folks receiving Medicare appreciate your contribution.
2007-02-15 10:03:53
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answer #2
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answered by Fester Frump 7
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Medicare Tax is madatory. It is what is called a FICA tax and employers and employees pay equal amounts. As a general rule, this is required for all employees the recieve a W-2 form at the end of the year.
2007-02-15 10:04:28
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answer #3
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answered by Katt_in_the_Hat 6
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He contributed to Medicare as a salaried director of Bain Capital. He doesnt need Medicare or Social Security. The limit on Social Sec. payroll taxes is set at $110,000 now and when he was working at Bain it was a little lower. He was taxed on income under $110,000.
2016-05-24 04:41:42
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answer #4
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answered by Anonymous
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Yes, you pay social security and medicare taxes from the first dollar on a job, whether you're full or part time, or still on probation or not.
2007-02-15 15:37:00
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answer #5
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answered by Judy 7
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Everyone gets that tax on every pay check if you work for a medium to large company. You have no say over the matter.
2007-02-15 10:04:28
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answer #6
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answered by Kevin A 6
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You pay so that all the seniors can continue getting social security and Medicare health benefits. Hopefully when you retire you will get it too.
2007-02-15 10:02:28
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answer #7
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answered by Akbar B 6
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Actually, not everybody. People who are not paying taxes are those who take cash only. Day laborers are famous for this, as well as yard workers, house cleaners, child care providers, etc.
2007-02-15 10:04:32
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answer #8
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answered by Dixie Dingo 2
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Everybody pays medicare and social security.
2007-02-15 10:02:10
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answer #9
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answered by mystery_me 4
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if you are making money at your job they are taking taxes out (or they should be). you could work 2 hours a week and they would still take taxes out of your check.
2007-02-15 10:09:12
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answer #10
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answered by sangreal 4
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