According to a report from law firm Mintz Levin, only high-income employees are responsible for paying the new fee.
Currently, employers and employees each pay 1.45 percent of their taxes toward the Medicare HI trust. The additional Medicare tax that is part of the PPACA will increase only the employee’s portion of the HI tax by 0.9 percent of wages — however, it will only affect employees who earn more than $200,000 (single filers) or $250,000 (joint filers), effective taxable years after Dec. 31.
More Articles on the PPACA:
8 States Receive New HHS Grants for Health Insurance Exchanges
5 Facts to Know About Medicaid Under the PPACA
The Paul Ryan Primer: Medicare, Medicaid and Why His VP Nomination Matters
