Zappafan
6k posts, incept 2007-11-30
2020-12-10 08:40:13
Question on Medicare, Social Security and government transfer payments for the forum:
I know that UE checks are taxable for state, federal and local income tax. What about Medicare/SS?
Same question on those $1200 direct checks. They don't withhold it, I know that.
If they are, they can play games by getting money into Medicare through the backdoor this way. During the recession this year personal income actually rose because of all the ridiculous money thrown at everyone. Of course it still blows up but it could stave off the formal collapse for a quarter or two, maybe.