Are You A High Earner? You Could Pay A Lot More In Taxes Under This Proposed Law
The proposed legislation – called the “Medicare and Social Security Fair Share Act” – would require taxpayers with over $400,000 in income to pay more into Social Security and Medicare. While most workers pay Social Security taxes on all their income, neither earnings above the $160,200 cap nor investment income currently contribute. Find A Qualified Financial Advisor Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fi...