@Anonymous wrote:
Q. Obamacare Tax:
Medicare Tax is on earned income, income from work and investment income is NOT subject to medicare Tax. Tax is 1.45 +1.45 = 2.9%? correct?
Your question does not make sense. income from"work" is earned income subject to both medicare and Social Security tax. investment income is not.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
