The tax collected for Medicare accounts for 89% of the total revenue for Medicare Part A. Total revenue for Medicare Part A Medicare payroll tax: 89% ($353 billion) Other funding from taxes, premiums, ...

Medicare Part A derives most of its funding from a payroll tax of 2.9% on earnings, with employers and employees each paying 1.45%. High-income earners pay a slightly higher percentage, and the ...

Billionaire Warren Buffet famously proclaims to pay a lower effective tax rate than his secretary, as he wrote in a New York ...

Of that total, $186 billion was concentrated in the five biggest problem areas: overpayments made for Medicare, Medicaid, the ...

While often framed as a partisan issue, the truth is that Medicare’s privatization is a bipartisan effort spanning decades, ...

Form 941 is used to report income taxes, payroll taxes, Social Security, and Medicare taxes withheld from employee wages. Most employers who pay wages file Form 941.

After pleading guilty to tax fraud in November, a local roofer and his payroll administrator are going to prison, with their ...

Republican lawmakers are looking to save hundreds of billions in order to finance tax cuts. Those GOP lawmakers who have raised concerns about the Medicare Advantage program recently got ...

When does no tax on overtime start in Virginia? Get the latest on Virginia overtime laws, exemptions, and federal updates in ...

It’s not a well-kept secret healthcare costs have risen faster than wages for many years. To protect their bottom lines, many ...

The Trump administration has decided against implementing a proposal for Medicare and Medicaid to cover weight loss drugs, the Centers for Medicare and Medicaid Services said in a filing published ...