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by sokoloff 188 days ago
> Making more will never have you taking home less.

There are corner cases where making more can leave you with less outside of welfare. Tripping into the next IRMAA bucket is one simple to understand one.

2 comments

Medicare is a form of welfare, just branded differently. It's a means-tested benefit funded in a pay-as-you-go manner via income tax just like any other. The means are just different amongst various programs.

Are there any actual cases of making more earned income via a regular job worse than taking that extra dollar of pay? I'm guessing a few very rare corner-cases exist, but I can't immediately think of any. I imagine they would be somewhere in the neighborhood of the EITC or AMT type things.

I didn't need to press enter. Just started typing agi limit and a whole bunch of search topics came up asking about agi limits for various tax things.
Medicaid is a form of welfare, Medicare is an entitlement. Where is Medicare means tested?
That's dealing with Medicare, not taxes.

And basically, as your income goes up, so does your Medicare premium.