The Medicare portion is also paid by employer and employee each at 1.45% and is not capped.
All net earnings are subject to the Medicare portion of the tax.
Mr. Bush cannot veto the Medicare portion separately.
Therefore, should the Senate also vote to repeal the expanded insurance program, Mr. Bush could not veto the Medicare portion separately.
There is no limit to the amount that is taxable under the 2.9% Medicare portion of the self-employment tax.
The Medicare portion (HI) is 1.45% on all earnings.
(For purposes of this computation the Medicare portion - 2.9 percent - was not included.)
HI (1.45%) - The hospital insurance or Medicare portion of the tax is paid on all wages, without limit (not like the $87k mentioned above).
The government would pay Durand 14 percent of the $559.5 million Medicare portion of the settlement, or more than $78 million.
The proposal would have made all of an employee's wages subject to the Medicare portion of the Social Security payroll tax.