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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (24770)	6/12/2025 7:39:57 PM
From: Kirk ©	3 Recommendations Recommended By Investor2 oldbeachlvr Texas Jack Read Replies (1) \| Respond to of 26763

BTW, ANY politician who wants to "means test" Social Security benefits beyond ALREADY taxing the phuck out of them if you have high income, needs to be tarred and feathered then dumped into Boston Harbor to be keel hauled with teabags stuffed into their private orifices. Medicare is ALSO grossly means tested. If I was making a million a year and paying 3.8% into Medicare then told I have to pay 4 x more than others who barely paid into it for the same coverage when I retired, I'd be even more livid than I am now for having to pay this frigging tax just for taking money our of my IRAs. I could have avoided this tax by spending my IRA money on trips, cars, wild women, etc. then be a burden on the government asking for Medicaid and other social programs. This stupid country punishes people for being responsible. I don't mind at all paying a graduated income tax... I can always choose to work less, but to save by the rules to not be a burden on society then discover you get reamed via higher taxes when it is time to collect the benefits we paid far more than others for. . and However, there is an Additional Medicare Tax that applies to higher earners. Here's a breakdown for 2025: Standard Medicare Tax: 1.45% each for employees and employers (or 2.9% for self-employed individuals) on all earnings. Additional Medicare Tax: 0.9% on earnings exceeding certain thresholds. Thresholds for 2025: $250,000 for married filing jointly $125,000 for married filing separately $200,000 for all other taxpayers Therefore, while there's no overall limit on the standard Medicare tax, there is a threshold above which an additional tax rate of 0.9% applies. $250K for married in the Bay Area or NYC is not a lot of money... yet they pay 3.8% Medicare tax on income above the threshold!