Re:Now That He Has No Power, Mitt Romney Says "Tax the Rich"
by bigbadfeline on Tuesday December 30, 2025 @11:21PM
(#46441230)
> Medicare tax is uncapped as of several years ago, I thought?
Yes, it is, but it's taxed far too low relative to its spending given the current healthcare cost structure. As a result, only half of the Medicare costs are funded by the Medicare Trust Fund, the other half is deficit funded.
In other words, unlike the Social Security tax, Medicare isn't self-funding from the Medicare tax because it's set artificially low (or healthcare costs are too high, if you prefer).
I don't think you can uncap social security without either blowing up the useful fiction that it is (mostly) mandatory old age insurance or uncapping the benefits. Maybe that fiction is going to expire soon anyway.