Let's see if I can get this straight in my mind.
You are complaining that if you get $50,000 per year in SS that 85% is taxed, then because Medicare is deducted and if you are already in a high tax bracket the remaining is a pittance.
| Part A premium | Most people don't pay a monthly premium for Part A (sometimes called "premium-free Part A"). If you buy Part A, you'll pay up to $499 each month in 2022. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $499. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $274. |
| Part B premium | The standard Part B premium amount is $170.10 (or higher depending on your income). |
| File individual tax return | File joint tax return | File married & separate tax return | |
|---|
| If your yearly income in 2020 (for what you pay in 2022) was | You pay each month (in 2022) | | |
|---|
| $91,000 or less | $182,000 or less | $91,000 or less | $170.10 |
| above $91,000 up to $114,000 | above $182,000 up to $228,000 | Not applicable | $238.10 |
| above $114,000 up to $142,000 | above $228,000 up to $284,000 | Not applicable | $340.20 |
| above $142,000 up to $170,000 | above $284,000 up to $340,000 | Not applicable | $442.30 |
| above $170,000 and less than $500,000 | above $340,000 and less than $750,000 | above $91,000 and less than $409,000 | $544.30 |
| $500,000 or above | $750,000 or above | $409,000 or above | $578.30 |
So if you paid into Medicare for more than 40 quarters (only 10 years) no cost for part A,
then heck say under $200,000 for joint it would be $238.10 a month for part B,
so 12 times $238.10 is $2857.20 per year.
Then 85% of $50,000 is $42,500 is part of your taxable income even if taxed at 25% leaves $31,875 minus
the part B leaves $29,017.80 divided by 12, or $2418.15 per month.
To me that is a pretty decent pittance and certainly not to be sneezed at.
Now if you didn't pay in and have to pay the full part A and part B yes that would alter the numbers considerably,
of course if you didn't pay in what in the heck would you have to complain about.
So complain all you wish as far as I can see you have no grounds to gripe about anything.
