The Medicare program was instituted by Congress as a health insurance program for the elderly and disabled.  It is paid for by employers and employees through the Medicare tax on an employee's income.

The Medicare tax along with Social Security under FICA, the Federal Insurance Contributions Act, is based upon income and is withheld from the employee's income and paid by the employer directly to the government.

The Medicare program is growing out of control because of the large number of baby-boomers reaching retirement age, the increasing cost of healthcare and the fact that people are living longer.  The program alone is a huge portion of the federal budget and Congress is unwilling to take the hard steps necessary to put this program on a sound financial footing.  Medicare taxes alone don't even come close to funding Medicare which has a shortfall in the trillions of dollars.

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• New Medicare Surtax Affects Certain Highincome Taxpayers The Coloradoan
New Medicare surtax affects certain high income taxpayersThe ColoradoanQ: I understand the new health care law may increase my tax by 3.8 percent beginning in 2013. What is this tax and what can I do to avoid it A: What you are referring to is the new 3.8 percent Medicare surtax that beginning in 2013 will be applied to
• The Advantages And Risks Of Gingrichaposs Tax Strategy New York Times
The Advantages and Risks of Gingrich39s Tax StrategyNew York TimesMr. Gingrich received a tax advantage by reporting the bulk of his earnings 2478539 as profits from his S corporation, exempting that portion of his income from the Medicare tax. Tom Nichols, a lawyer and a certified public accountant at and more raquo
• Lawmaker Introduces Bill To Close Newt Gingrich Medicare Tax AposLoopholeapos...
Accounting TodayLawmaker Introduces Bill to Close Newt Gingrich Medicare Tax 39Loophole39Accounting TodayThe bill would close off a wrinkle in the Tax Code that allows self employed individuals, including lobbyists, to lower their Medicare payroll tax liability by classifying earnings as profits or dividends, instead of as wages.Poll: Does Stark Hit Or Miss The Mark On NEWT holePatch.comall 2 news articles raquo
• Weighing Benefits Of Early Retirement Philadelphia Inquirer
Kansas City StarWeighing benefits of early retirementPhiladelphia InquirerIf his job opportunity comes through self employment as a contractor, then he must not only pay federal, state, and local taxes, but he must pay both employer and employee sides of FICA and Medicare taxes a 15 percent bite in itself.E. Thomas McClanahan Payroll tax break shows the need for real Social Kansas City StarSocial InsecurityCBS NewsSocial Security and You: Starting Medicare Part BSan Antonio Expressall 13 news articles raquo
• IRS Issues Four Tax Tips For The Public Regarding Tip Income Dover Post
IRS issues four tax tips for the public regarding tip incomeDover PostBy Chris Peters With the onset of tax season, the IRS has issued four tax tips for those relying on tips and gratuity as a part of their income. First, cash and non cash tips are subject to federal income, social security and Medicare taxes.and more raquo