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That your clients don't doesn't mean all don't.
And according to his own source, over 35% of MAPD beneficiaries make over $25k. 32% make over $40k.
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That your clients don't doesn't mean all don't.
And according to his own source, over 35% of MAPD beneficiaries make over $25k. 32% make over $40k.
Retirees pay taxes.
Social Security is taxed at the Federal level.
85% to be exact, is taxed if combined income is over $25k.
IRA distributions are taxed at the Federal level.
Ever heard of RMDs? The government literally forces IRA distributions for the reason of taxes.
Retirees pay plenty of taxes, unless they are destitute.
And those taxes help pay the $500,000,000,000 in tax subsidies given to MAPD carriers to reduce Premiums.
Most paid before they retired and many still pay taxes after retirement. And because they still need B (unless dual eligible or have medicaid "lite") as you just stated yourself 3/4 of that comes out of general tax funds which many retirees are still paying into.They only pay taxes on income over half of their social security plus any additional income. Only half of beneficiaries have a pension and the average private pension is $11k a year. The average soc sec is 1900. So the average beneficiary does not pay taxes on their income taxes at all. And even those that do contribute very little towards Medicare since part A is funded by FICA retirement benefits aren't subject to, and only 74% of part b is funded by general revenues. So those that do pay pay very very little towards Medicare.
Most paid before they retired and many still pay taxes after retirement. And because they still need B (unless dual eligible or have medicaid "lite") as you just stated yourself 3/4 of that comes out of general tax funds which many retirees are still paying into.
And some are currently paying even if none of your clients are.Don't move the goalposts. They statement is that that ARE PAYING CURRENTLY… not that they paid into the system. Those payments didn't go into a savings account with their name on it anyway. It paid for benefits of beneficiaries at that time.