Tag: Medicare – English

American Citizens need to prepare themselves for a tough financial year in 2023, with Medicare tax rates because of the height. Some employees and self-employed individuals will be affected with the increases in Medicare and Social Security taxes for the next fiscal year. This comes as a direct result of the financial crisis currently enveloping most of the Western world. The aftermath of the COVID-19 lockdowns combined with the ongoing war in Ukraine has left the world teetering on a financial meltdown of a magnitude not seen since 2008. What…

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wWith tax season set to arrive on United States of AmericaCitizens are encouraged to verify their claims, especially in terms of avoiding Medicare surcharges. Medicare, often known as “Obamacare” Barack Obamathe culmination of his first term in office. Despite continued attempts to dismantle the program, it is still in place in 2022, despite the 3.8 percent surcharge for Obamacare. What is the additional Medicare cost? In order to help fund the Affordable Care Act, an additional tax of 3.8% was imposed on high incomes. As of 2013, it is estimated…

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wWith 2022 hosting the cost of living crisis in AmericaMany residents, especially from low-income families, are beginning to rely more on social welfare programmes. Welfare programs, such as the Supplemental Nutrition Assistance Program (SNAP), have seen an increase in the number of applications looking to take advantage of the Welfare Plan this year. This is largely due to high inflation, which has led to a sharp rise in food prices this year. Medicare is another social care measure frequently used by residents of the United States. Medicare is aimed at…

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