Medicare Funding
M,
Thank you for passing on your suggestions regarding taxation of ‘unearned’ income.
I will make sure to show and speak with Congressman Ryan about the idea when I get the chance.
Best,
Mark Positano
Policy and Press Aid
Congressman Paul Ryan (WI-01)
[no phone numbers allowed]
From: xxxxxxx@xxxx
Sent: Tuesday, May 31, 2011 11:17 AM
To: Positano, Mark
Subject: Medicare re: taxation of “unearned” income
Dear Representative Paul Ryan:
Re: Medicare
Medicare is funded by collecting 1.45% from wages of employees and another 1.45% from the employees’ employers.
No taxation is charge against passive income such as rents, dividends, interest income, capital gains, et cetera. It doesn’t appear equitable that only earned income is assessed this tax.
I recommend that Congress legislate that 2.9% will be assessed to all income.
Further, I recommend that your office contact the CBO to ascertain what effect this would have upon the financial condition of the Medicare Trust Fund.
Thank you,
mz
818.xxx.xxxx
Sherman Oaks, Ca.