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Grrr, I hope you old folks are happy!
Old 03-14-2014, 02:13 PM   #1
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Grrr, I hope you old folks are happy!

Just finished my taxes and owed $63 in extra Medicare tax due to the new 0.8% adder.

Enjoy my $63.
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Old 03-14-2014, 02:24 PM   #2
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Originally Posted by Fermion View Post
Just finished my taxes and owed $63 in extra Medicare tax due to the new 0.8% adder.

Enjoy my $63.
No need for thanks, I do not get any benefit out of your $63.
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Old 03-14-2014, 02:36 PM   #3
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To me if you made that much there is no need to whine over $63.
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Old 03-14-2014, 02:53 PM   #4
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To me if you made that much there is no need to whine over $63.
+1
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Old 03-14-2014, 03:05 PM   #5
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Originally Posted by Fermion View Post
Just finished my taxes and owed $63 in extra Medicare tax due to the new 0.8% adder.

Enjoy my $63.
That's about 20% of the deducible on my Part B drug plan and about 5% of the deductible on the out-of-pocket costs on the "donut hole" uncovered cost in the plan. Oh? your drug plan has no ~ $3,000 donut hole cost? (you must not be on Medicare)
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Old 03-14-2014, 03:07 PM   #6
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Old? I'm not old - that's why they call it "early" retirement. Not eligible for Medicare, so your hard-earned money is safe from me.

I do pay in though, due to self-employment.
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Old 03-14-2014, 03:09 PM   #7
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Hey! You should see what I owe in property tax for the public schools! $63 is chump change. But, I gladly pay it since I and mine have benefited from the past payments of others.
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Old 03-14-2014, 03:11 PM   #8
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I didn't pay into MediCare, so get off my back lol.
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Old 03-14-2014, 03:11 PM   #9
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Just finished my taxes and owed $63 in extra Medicare tax due to the new 0.8% adder.

Enjoy my $63.
You made me look. It took me a while to find the information in Turbotax (form 8959 for the Medicare surtax on wages and form 8960 for the Medicare surtax on investment income). My total Medicare surtax comes to $3,839 for 2013.
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Old 03-14-2014, 03:23 PM   #10
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Just finished my taxes and owed $63 in extra Medicare tax due to the new 0.8% adder.

Enjoy my $63.
Thank you. I think I spent all of your $63 just two days ago.
So please get that check in as soon as possible.

My doc thanks you as well.
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Old 03-14-2014, 03:25 PM   #11
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You made me look. It took me a while to find the information in Turbotax (form 8959 for the Medicare surtax on wages and form 8960 for the Medicare surtax on investment income). My total Medicare surtax comes to $3,839 for 2013.
Wow! That is some income!

I was just joshing about the $63. Small change. The portion of my real estate taxes that went to the local school is 70x that amount.
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Old 03-14-2014, 03:48 PM   #12
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Form 8960? Surtax on investment income? Wow! When did that happen?

Good thing I do not work anymore to have to worry about stuff like that. Instead, I can have some decent cap gains and dividends without paying any tax whatsoever. One heck of a good deal!

Oh, and next year I will check out Obamacare when it is running smoother (it should, shouldn't it?), and see if there's anything there for myself.
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Old 03-14-2014, 03:48 PM   #13
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Wow! That is some income!
Most of that comes from the 3.8% surtax on investment income. I think that it's time to re-assess my investment strategy now that I am paying much higher income and medicare taxes on dividends, capital gains, and rents.
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Old 03-14-2014, 04:31 PM   #14
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Only $63? No wonder the Affordable Care Act is unaffordable. They gotta hit up you savers for lots more.
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Old 03-14-2014, 04:39 PM   #15
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Only $63? No wonder the Affordable Care Act is unaffordable. They gotta hit up you savers workers for lots more.
Fixed it for ya!
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Old 03-14-2014, 04:53 PM   #16
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Fixed it for ya!
Workers today, Anyone who has more money than what "they" say you should have, tomorrow.
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Old 03-14-2014, 05:07 PM   #17
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As one of those old farts on Medicare, I'm properly grateful to you, Fermion.

It still boggles my mind how the system works. I keep track of medical bills, and last year DW and I racked up nearly $20K in billed charges, mainly due to my two cataract operations. But our total out of pocket cost (beyond Part B premiums) was only 10% of that, and our supplemental insurance picked up almost all of that.
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Old 03-20-2014, 01:33 PM   #18
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thanks for telling us your agi
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Old 03-20-2014, 03:19 PM   #19
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OK... just had to put this down to rub it in...


I had a number of W-2s... and it looks like I paid in $2 more in taxes than calculating what I should have paid if you totaled them all up and did the calculation.... So... they give me back that money


I would go spend it somewhere, but the gas would cost me more than that
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