Renee HoyosVerified account

Thanks, great question! On Day 1, I’d support expanding Medicare eligibility to everyone 55 and older. Then, we work out the kinks for further expansion and offer it to everyone. https://t.co/2Q0uG4qpRY 

Can you explain the constant cries that Medicare is going broke? Part A insolvent by 2026 yet you can somehow add millions more to it ? Guess the rich will pay for it.

Thanks Mark. Medicare is currently funded by payroll tax. Currently payroll tax is only applied to those making $132,900 or LESS. If we take the cap off of this tax and require all salaries to be taxed, Medicare could be better funded.

You are confusing that with SSI tax which is capped at 132900. Medicare is 1.45 percent up to 200000 (2.9) including employer and .9 for all above 200k. You all are running out of things to tax.

You are right. But why keep the tax so low on the upper incomes?

So low? Wow. Over 200K already pays 35% income tax and over 7.5% FICA and Medicare, that's over 42%. How in the world do you think that's low. And for the record that still wouldn't pay for it. Not even close.

Hey Mark not to get to weedy but you’re mixing apples and oranges here. Assuming a $200K salary, first one finds the gross taxable income which is less than total income. Next, you must use a marginal tax rate to find the rate to pay and it is rarely 35%.