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	<title>New answer on: Who Needs To Pay Medicare Levy?</title>

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		<title>By: Kevin Haney</title>

		<link>https://insurancelibrary.com/medicare-insurance/who-needs-to-pay-medicare-levy</link>

		<dc:creator>Kevin Haney</dc:creator>

		<pubDate>Fri, 11 Apr 2014 12:08:13 +0000</pubDate>

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		<description><![CDATA[Anyone who works automatically contributes into the Medicare fund through FICA taxes. Employees and employers split the bill down the middle. 12.4% of income is contributed to social security up to $113,700 in earnings for 2013. 2.9% of earnings are contributed towards Medicare with no income limit.

The Affordable Care Act included a provision that increases the contribution made for high income earners. Single earners making more than $200,000 and married couples making more than $250,000 must pay an additional .9% towards Medicare.

Self employed workers pay the entire amount, and need to make quarterly estimated tax payments including these amounts.]]></description>

		

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