Medicare tax
Testimony: Tax Policy to Strengthen Social Security
July 12, 2023 • By Amy Hanauer
We can make modest reforms to better tax those who are taking a larger share of our wealth and income in order to reinforce a major pillar of our promise to Americans.
‘Fair Share Act’ Would Strengthen Medicare and Social Security Taxes
July 11, 2023 • By Joe Hughes, Steve Wamhoff
The Medicare and Social Security Fair Share Act would reform the taxes that Americans pay to finance these two important programs so that the richest 2 percent of Americans pay these taxes on most of their income the way that middle-class taxpayers already do.
Revenue-Raising Proposals in President Biden’s Fiscal Year 2024 Budget Plan
March 10, 2023 • By Steve Wamhoff
President Biden’s latest budget proposal includes trillions of dollars of new revenue that would be paid by the richest Americans, both directly through increases in personal income, Medicare and estate taxes, and indirectly through increases in corporate income taxes.
President’s Budget Would Strengthen Medicare Taxes Paid by the Wealthy
March 8, 2023 • By Joe Hughes
As part of his new budget plan, President Biden is asking the richest Americans to pay a little bit more to strengthen Medicare. The proposal includes raising taxes related to Medicare very slightly for the highest earners and closing a loophole that some wealthy individuals use to avoid Medicare taxes altogether.
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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