Joe Biden Plans New Taxes On The Rich To Help Save Medicare

Posted on March 7, 2023
Joe Biden Plans New Taxes On The Rich To Help Save Medicare

TAMPA, FLORIDA - FEBRUARY 09: U.S. President Joe Biden speaks during an event to discuss Social Security and Medicare held at the University of Tampa on February 09, 2023 in Tampa, Florida. The visit comes two days after his State of the Union address in Washington, where accused some republicans of wanting to cut social security and medicare. (Photo by Joe Raedle/Getty Images)

Biden wants to increase the Medicare tax rate from 3.8% to 5% on income exceeding $400,000 per year, including salaries and capital gains.

Photo by Joe Raedle