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Applying the payroll tax to all wages over 0,000. Currently, payroll taxes are not paid on income over 8,500, which means millionaires and billionaires pay a much smaller tax rate than everyone else..Can you give an example?.This unusual shift comes at a time when the number of Social Security beneficiaries starting retirement benefits has risen dramatically over the past decade. Since 2010, there has been a sizable 34% increase in the 65 and older population, those born between 1946 and 196The U.S. Census Bureau said in 2019 that "No other age group saw such a fast increase.".The inflation index that is currently used the Consumer Price Index for Urban Wage Earners fails to capture the inflation seniors experience because items like gasoline and electronics are given more weight than medical costs, prescription drugs, and housing expenses..Medicare doesn't cover dental benefits, and dental insurance premiums can be more expensive than paying out of your own pocket for routine check ups- and cleanings. The cost to buy an individual policy averages about 0 a year. That's about what you might pay out-of-pocket without any insurance for two annual exams and cleanings, plus some X-rays..Half of the medications that saw price hikes followed price increases in 2019 and 2020, according to the report..Medicare Advantage plans are popular in many areas of the country for low, monthly premiums, having an annual out-of-pocket maximum, and for offering supplemental benefits not currently covered by Medicare, such as dental and vision coverage. Most Medicare Advantage plans also provide prescription drug benefits..including your home), a long-term care policy won't be an affordable option. If.Someone calls stating they are with Medicare and they need to update your information. Medicare never calls or visits anyone and already has the information it needs to send your cards.