What is a medicare tax?

[Anonymous]

I don't even have a medicare

[OlderAndWiser]

Medicare tax is a tax on your income, currently set at 1.45%. It is collected from every paycheck. It is intended to fund the Medicare system so that when YOU reach age 65 (or become disabled) the Medicare system will still be place to provide you with medical insurance.

[exitseven]

The government withholds money from your check to fund the medicare program.

[exitseven]

Thanks for the MHO😎

[Anonymous]

Might help people if you told us what country you are from because the Medicare tax varies from country

[magiusX26]

as far as i know, medicare is soley an American thing. there may be equivalent things elsewhere, but the name is American.

[Opinion Owner]

@magiusX26 nope Medicare also exists in other countries as well. Australia has Medicare not just America

[magiusX26]

a federal tax to cover medicare for those on it. it is supposed to be used to cover you later in life once you retire and get on it yourself, roughly the same thing as social security tax.

[slatyb]

It's a payroll tax. If you are working on the US you are paying it.

[IWILLPLEASEYOU]

It a stupid tax making it one more thing to get in the way of people who need to get medical care!

[petitedollbabee]

Not sure but it sounds American.

[sage2021]

You need to find out.
Call 1-800-Medicare

[FuqUFggt]

It's a tax on poor people