The Medicare tax rate would increase to 5% from 3.8% on earned and unearned income for wealthier Americans, according to a preview of Biden’s budget.
Biden budget proposal would increase Medicare tax for Americans earning more than $400K
Mar 7, 2023
The Medicare tax rate would increase to 5% from 3.8% on earned and unearned income for wealthier Americans, according to a preview of Biden’s budget.