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Get Ready For The New Medicare Tax Increase on Earned Income

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November 4th, 2012

As part Obama-Care put into effect in 2010 is a provision to increase the employee portion of the Medicare tax from the current 1.45% by .9% to a total rate of 2.35%.  This new rate only applies on the amount of earned income in excess of $200,000 for single taxpayers and $250,000 for married couples […]

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