The Social Security and Medicare Fair Share Act proposes targeting payroll tax loopholes for high-income earners.

Sen. Ruben Gallego has thrown his support behind legislation that would extend Medicare and Social Security funding for 75 ...

The additional Medicare tax applies to people who make more than a specified income level for the year. As of 2013, the IRS requires taxpayers with higher earnings to pay more money into Medicare.

A new bill would tax income over $400K to help fix Social Security’s funding gap and avoid 17% benefit cuts by 2035.

Backdoor Roth IRAs: If you exceed income limits for direct Roth IRA contributions, you can convert after-tax dollars into a ...

effectively allowing the 2017 tax cuts to expire for some high earners. For the 2024 tax year, the income level at which the highest marginal rate kicked in was $609,350 for single filers and $ ...

In contrast, the U.S. leans heavily on progressive income and payroll taxes, disproportionately hitting high earners ... Bernie Sanders released his Medicare for All financing plan, it came ...